Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

107 Tolcarne Drive Hutto, TX 78634

4 Beds 3 Baths 1,626 sqft Built 2007

$250,000

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $153.75
  • 4 Days on Market
  • MLS # : 7636855
  • Updated Date : 12/06/2020 at 02:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,626 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty-rr (wc)

Listing Agent's Description

2 story 4 bedroom 2 1/2 bath home located in The Park at Brushy Creek. Master bedroom has spacious bathroom with separate shower and garden tub. Large backyard with shed. Community features pool, playground and cluster mailboxes. Enjoy Nearby walking trails and Brushy Creek Lake Park. Short distance to Howard Norman elementary school and HEB.

SEE MORE

MARKET HIGHLIGHTS

  • Austin metro employment growth is at 3.4% and predicted to grow at 2.9% in 2019 (USMayors.org, 2018)
  • Companies with headquarters and major regional presence in Austin: Dell, Whole Foods, Apple, AMD, IBM, Flextronics, Google, Facebook, National Instruments, and Freescale Semiconductor. Apple announced an investment of $1 billion in a new 133-acre campus in Austin accommodating an additional 5,000 employees.
  • Austin metro has 70% labor force participation rate, one of the highest in the nation and higher than the national rate 62.8% (USMayors.org, 2018)
  • Austin ranks #7 in total venture capital deals flow with $1.84 billion venture funding flowing in to the metro in 2019, an increase of 19.5% from the previous year (Crunchbase News, 2020)
  • Austin metro contributes to 8.4% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • #1 in U.S. Cities attracting the most workers and a preferred destination for job movers (LinkedIn, August 2018; Glassdoor May 2018 )
  • Austin metro economy is worth over $153 billion in Gross Metro Product and projected to grow to $162 billion in 2019 (USMayors.org, 2018)
  • #2 in Top 10 cities for entrepreneurs and start-ups (Business.org, 2018)
  • #3 on Best Cities for Renters (Smart Asset, July 2018)
  • #1 in 125 Best Places to Live in the USA (U.S. News, 2019)

PRICE & RENT TRENDS

Zip Code: 78634

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $117k298k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 78634

ZipNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8471723

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Farley Middle School Primary Regular 682 44 6
Farley Middle School Middle Regular 682 44 6
Hutto High School High Regular 1,666 99 6

Farley Middle School

  • Education Level: Primary
  • # of students: 682
  • # of teachers: 44
6
GreatSchools Rating

Farley Middle School

  • Education Level: Middle
  • # of students: 682
  • # of teachers: 44
6
GreatSchools Rating

Hutto High School

  • Education Level: High
  • # of students: 1,666
  • # of teachers: 99
6
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$922
Property Tax -$589
Property Insurance -$119
HOA -$30
Property Management Fees -$99
CASH FLOW
-$229

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$250,000

PROJECTED PRICE

$1,530

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.72%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$806

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,530

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,610

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5303$1,5504$1,6505$1,700
$1,700
RENT COMPS ANALYSIS
  • 107 Tolcarne Drive Hutto, TX 2
    • 4 beds 3 baths ∙ 1,626 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,626 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.94
    •  
  • 227 Altamont Street Hutto, TX 1
    • 3 beds 2 baths ∙ 1,497 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,497 Sqft ∙ Built 2005
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.00
    •  
  • 218 Tolcarne Drive Hutto, TX 3
    • 4 beds 2 baths ∙ 1,550 Sqft ∙ Built 2009 4 beds 2 baths ∙ 1,550 Sqft ∙ Built 2009
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.00
    •  
  • 210 Fistral Drive Hutto, TX 4
    • 4 beds 2 baths ∙ 1,668 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,668 Sqft ∙ Built 2006
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.99
    •  
  • 207 Baldwin Street Hutto, TX 5
    • 3 beds 2 baths ∙ 1,752 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,752 Sqft ∙ Built 2007
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.97
    •  
PROPERTY LISTING DETAILS
Rebecca Canby
1.512.468.6862
Keller Williams Realty-rr (wc)
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 7636855
Last Updated: 12/06/2020
BESbswy