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124 Hanstrom Drive Hutto, TX 78634

4 Beds 2 Baths 1,959 sqft Built 2003

$280,000

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $142.93
  • 4 Days on Market
  • MLS # : 1128242
  • Updated Date : 02/26/2021 at 23:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,959 sqft
  • Baths : 2 full
Listing Agent

Pure Realty

Listing Agent's Description

4 BEDROOM + FLEX ROOM! Gorgeous single story home located in central Hutto. Vaulted ceilings, covered back deck, updated kitchen and bathrooms. No carpet throughout. Master Bath w double vanity, sep soaking tub/shower, walk-in closet! Fireplace in Family Room! Jack-n-Jill bathroom for secondary bedrooms! Kitchen has large pantry, large windows and dining area! Beautiful OAK trees/3 sides brick! Nest thermostat. Walking distance to schools! Located close to major roads/dining/shopping!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Nadine Johnson Elementary School Primary Regular 687 45 6
Hutto High School High Regular 1,666 99 6

Nadine Johnson Elementary School

  • Education Level: Primary
  • # of students: 687
  • # of teachers: 45
6
GreatSchools Rating

Hutto High School

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

$252,000$308,000$280,000

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 -$973
Property Tax -$660
Property Insurance -$137
HOA -$25
Property Management Fees -$99
CASH FLOW
-$194

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.

$280,000

PROJECTED PRICE

$1,700

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$800k

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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$973

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,523

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
  • $0.87

    LIST RENT PER SQFT
  • $1,690

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7003$1,7254$1,725
$1,725
RENT COMPS ANALYSIS
  • 124 Hanstrom Drive Hutto, TX 2
    • 4 beds 2 baths ∙ 1,959 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,959 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.87
    •  
  • 219 Gainer Drive Hutto, TX 1
    • 4 beds 2 baths ∙ 1,996 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,996 Sqft ∙ Built 2005
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.85
    •  
  • 203 Gainer Drive Hutto, TX 3
    • 4 beds 2 baths ∙ 1,996 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,996 Sqft ∙ Built 2005
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.86
    •  
  • 119 Hanstrom Dr Hutto, TX 4
    • 4 beds 2 baths ∙ 1,974 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,974 Sqft ∙ Built 2003
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.87
    •  
PROPERTY LISTING DETAILS
Robert Kim
Pure Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 1128242
Last Updated: 02/26/2021
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