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131 Crizer Court Buda, TX 78610

3 Beds 2 Baths 1,857 sqft Built 2007

$337,500

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $181.74
  • 4 Days on Market
  • MLS # : 7674829
  • Updated Date : 02/05/2021 at 01:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,857 sqft
  • Baths : 2 full
Listing Agent

Beyond The Move Realty, Llc

Listing Agent's Description

Wonderful home, that has it all, located in a quiet Cul-De-Sac. Are you the pickiest of buyers, because if so, this home is for you? Private office, 2 Living areas, Open Concept living, and a private living area located between the two extra bedrooms. The Master is separated from the other bedrooms to provide you that privacy you seek. The Kitchen has lots of counterspace and Cabinets, you are ready to cook up a chef’s dream on your gas appliances for yourself or when you want to entertain! Wait until you get to your new backyard, great sitting area along with a hobby shed that is electrified, all you need is insulation, and you could have your 2nd Air-Conditioned private office or hobby shed. Lots of storage space in another part of the shed. Did anyone mention the vegetable garden waiting for your green thumb. Currently used for delicious seasonal veggies. The owners will need to stay in the home until mid-June on a lease back, but this home is absolutely worth the wait. The home feeds into Elm Grove Elementary, Dahlstrom Middle and Johnson High School - all highly sought after and has a neighborhood park, pool and workout facility along with a basketball court.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Zip Code: 78610

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280kPrice in $126k298k

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

Zip Code: 78610

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9371840

* 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
Elm Grove Elementary School Primary Regular 757 40 7
Dahlstrom Middle School Middle Regular 946 45 7
Hays High School High Regular 2,409 121 6

Elm Grove Elementary School

  • Education Level: Primary
  • # of students: 757
  • # of teachers: 40
7
GreatSchools Rating

Dahlstrom Middle School

  • Education Level: Middle
  • # of students: 946
  • # of teachers: 45
7
GreatSchools Rating

Hays High School

  • Education Level: High
  • # of students: 2,409
  • # of teachers: 121
6
GreatSchools Rating
 

$303,750$371,250$337,500

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,172
Property Tax -$730
Property Insurance -$132
HOA -$38
Property Management Fees -$99
CASH FLOW
-$302

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.

$337,500

PROJECTED PRICE

$1,870

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 4.2%
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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,188

INVESTMENT

$95,188

Down Payment
$84,375
Rehab Estimate
$5,750
Closing Costs
$5,063

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,172

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,375
Loan Amount $253,125
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$756

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,862

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8503$1,8704$1,9005$1,975
$1,975
RENT COMPS ANALYSIS
  • 131 Crizer Court Buda, TX 3
    • 3 beds 2 baths ∙ 1,857 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,857 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $1.01
    •  
  • 1212 Talley Loop Buda, TX 1
    • 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 2012
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.98
    •  
  • 1173 Heep Run Buda, TX 2
    • 3 beds 2 baths ∙ 1,880 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,880 Sqft ∙ Built 2007
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.98
    •  
  • 2110 Sid Allens Dr Buda, TX 4
    • 3 beds 2 baths ∙ 1,904 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,904 Sqft ∙ Built 2013
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.00
    •  
  • 1036 Heep Run Buda, TX 5
    • 3 beds 2 baths ∙ 1,880 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,880 Sqft ∙ Built 2009
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.05
    •  
PROPERTY LISTING DETAILS
Lauren Dowling
Beyond The Move Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 7674829
Last Updated: 02/05/2021
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