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122 E Kikipua Lane Bastrop, TX 78602

3 Beds 3 Baths 2,410 sqft Built 2019

$315,000

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $130.71
  • 28 Days on Market
  • MLS # : 7352376
  • Updated Date : 01/02/2021 at 22:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,410 sqft
  • Baths : 2 full , 1 half
Listing Agent

Capital River Realty Llc

Listing Agent's Description

Beautiful Modern, practically new home has 3/2.5, dining area and living area has ALOT of Natural light, it is a beautiful open floor from the entrance through out the whole house. It boast granite counter tops, Stainless Steel appliances and large hard tile throughout common areas. The bedrooms are great size w/ample closets. Secondary bedrooms have Jack-n-Jill bathroom. The master bathroom is large w/walk in shower and closet. There is also a 1/2 bathroom for guest. Good size fenced back yard with no neighbors behind home, Windows have Solar Screens (Energy Efficient). MUST show, wont last on the market! No HOA fees. Just road fees from the bcwid at $204 a yr The following will be removed by seller when sold: Solar Panels, once panels are removed roof will be fixed to normal

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Tahitian Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $106k298k

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

Neighborhood: Tahitian Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7131723

* 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
Emile Elementary School Primary Regular 570 38 4
Bastrop Middle School Middle Regular 707 48 4
Bastrop High School High Regular 1,253 87 4

Emile Elementary School

  • Education Level: Primary
  • # of students: 570
  • # of teachers: 38
4
GreatSchools Rating

Bastrop Middle School

  • Education Level: Middle
  • # of students: 707
  • # of teachers: 48
4
GreatSchools Rating

Bastrop High School

  • Education Level: High
  • # of students: 1,253
  • # of teachers: 87
4
GreatSchools Rating
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,094
Property Tax -$536
Property Insurance -$163
HOA -$17
Property Management Fees -$99
CASH FLOW
-$208

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$315,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 6.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.13%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,475

INVESTMENT

$85,475

Down Payment
$78,750
Rehab Estimate
$2,000
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$3,215

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,868

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,7003$1,8004$1,9005$1,900
$1,900
RENT COMPS ANALYSIS
  • 122 E Kikipua Lane Bastrop, TX 2
    • 3 beds 3 baths ∙ 2,410 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,410 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.71
    •  
  • 232 Hanauma Bastrop, TX 1
    • 4 beds 3 baths ∙ 2,280 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,280 Sqft ∙ Built 1985
    property image
    LEASED 09/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.68
    •  
  • 140 Swift Water Loop Bastrop, TX 3
    • 3 beds 2 baths ∙ 2,404 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,404 Sqft ∙ Built 2018
    property image
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.75
    •  
  • 102 Haliimaile Lane Bastrop, TX 4
    • 4 beds 3 baths ∙ 2,061 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,061 Sqft ∙ Built 2008
    property image
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.92
    •  
  • 121 Edgewater Trail Bastrop, TX 5
    • 4 beds 3 baths ∙ 2,528 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,528 Sqft ∙ Built 2019
    property image
    LEASED 11/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.75
    •  
PROPERTY LISTING DETAILS
Alma Hernandez
1.512.934.4500
Capital River Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 7352376
Last Updated: 01/02/2021
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