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132 Shirley Drive Buda, TX 78610

4 Beds 3 Baths 2,490 sqft Built 2016

$356,900

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $143.33
  • 3 Days on Market
  • MLS # : 2850146
  • Updated Date : 02/06/2021 at 00:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,490 sqft
  • Baths : 2 full , 1 half
Listing Agent

Levi Rodgers Real Estate Group

Listing Agent's Description

Nestled on a quiet street in the highly desirable Sunfield neighborhood is this elegant 4 bedroom, 2.5 bathroom beauty. This stunning home welcomes you with a 2 story foyer, dark hardwood floors, and architectural archways that lead to shared spaces. The formal dining room boasts accent windows and chandelier lighting. Step into the luxurious chef’s kitchen equipped with stainless steel appliances, sparkling granite countertops, an expansive middle island, and a deep walk-in pantry. The kitchen opens to a grand living room that enjoys tall ceilings, a cozy fireplace, and an abundance of natural light that shines through picture windows. A glass door points the way to a private covered patio within a sprawling fenced backyard. The ground floor also features a luminous primary bedroom designed with a cove ceiling and a spa-like en-suite bathroom complete with double vanity sinks, a garden tub, walk-in shower, and a sizable walk-in closet with built in shelving. Upstairs showcases a loft space that can serve as an additional living space. Other highlights of this home include a laundry room with overhead cabinets and an oversized 2 car garage. This home offers amazing amenities including pools, a lazy river, parks, trails, and easy access to I-35.

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
Tom Green Elementary School Primary Regular 607 44 3
Mccormick Middle School Middle Unknown NA
Hays High School High Regular 2,409 121 6

Tom Green Elementary School

  • Education Level: Primary
  • # of students: 607
  • # of teachers: 44
3
GreatSchools Rating

Mccormick Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Hays High School

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

$321,210$392,590$356,900

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,240
Property Tax -$930
Property Insurance -$167
HOA -$33
Property Management Fees -$99
CASH FLOW
-$319

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.

$356,900

PROJECTED PRICE

$2,150

PROJECTED RENT

0.60%

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-$10k-$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$100,329

INVESTMENT

$100,329

Down Payment
$89,225
Rehab Estimate
$5,750
Closing Costs
$5,354

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,240

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,225
Loan Amount $267,675
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$533

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,204

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0503$2,1504$2,2005$2,350
$2,350
RENT COMPS ANALYSIS
  • 132 Shirley Drive Buda, TX 3
    • 4 beds 3 baths ∙ 2,490 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,490 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.86
    •  
  • 163 Palm Drive Buda, TX 1
    • 4 beds 3 baths ∙ 2,461 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,461 Sqft ∙ Built 2018
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.81
    •  
  • 140 Sundown Avenue Buda, TX 2
    • 3 beds 3 baths ∙ 2,151 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,151 Sqft ∙ Built 2015
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.95
    •  
  • 147 Big Leaf Drive Buda, TX 4
    • 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 2020
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.90
    •  
  • 126 Tangerine Dr Buda, TX 5
    • 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 2016
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.88
    •  
PROPERTY LISTING DETAILS
Levi Rodgers
Levi Rodgers Real Estate Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 2850146
Last Updated: 02/06/2021
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