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132 Yellow Grass Drive Buda, TX 78610

3 Beds 3 Baths 2,151 sqft Built 2017

$327,200

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 08, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $152.12
  • 6 Days on Market
  • MLS # : 8728710
  • Updated Date : 12/09/2020 at 15:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,151 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Military City

Listing Agent's Description

This exquisite 3 bedroom, 2.5 bathroom home in Sunfield offers open-concept living and a generously-sized private fenced yard! This home features a bright open floor plan that boasts neutral tones, hardwood flooring, and ample space, making it easy for you to add your personal touch! Step into a gourmet kitchen outfitted with stainless steel appliances, granite countertops, built-in desk/office nook in kitchen, and plenty of overhead cabinet space. The second level features an elegant primary suite, complete with a tasteful en suite bathroom, offering a separate tub, shower, and a roomy walk-in closet. Escape to the spacious upstairs game room that can easily convert into a family, fitness, or media room! Step outside to the back patio that overlooks the immense private backyard. Perfect for entertaining guests! This wonderful home offers great amenities including a pool and dog park that is conveniently located walking distance from the home!

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: 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 Regular 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
 

$294,480$359,920$327,200

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,207
Property Tax -$852
Property Insurance -$148
HOA -$33
Property Management Fees -$99
CASH FLOW
-$250

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.

$327,200

PROJECTED PRICE

$2,090

PROJECTED RENT

0.64%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$92,458

INVESTMENT

$92,458

Down Payment
$81,800
Rehab Estimate
$5,750
Closing Costs
$4,908

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,207

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,800
Loan Amount $245,400
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$1,808

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,076

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,0003$2,0904$2,1005$2,195
$2,195
RENT COMPS ANALYSIS
  • 132 Yellow Grass Drive Buda, TX 3
    • 4 beds 3 baths ∙ 2,151 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,151 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.97
    •  
  • 406 Martha Dr Buda, TX 1
    • 4 beds 3 baths ∙ 2,151 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,151 Sqft ∙ Built 2018
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.88
    •  
  • 351 Strawberry Blonde Dr Buda, TX 2
    • 3 beds 2 baths ∙ 1,995 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,995 Sqft ∙ Built 2012
    property image
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.00
    •  
  • 351 Orchard Hill Trl Buda, TX 4
    • 4 beds 3 baths ∙ 2,229 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,229 Sqft ∙ Built 2015
    property image
    LEASED 04/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.94
    •  
  • 393 Nectar Drive Buda, TX 5
    • 5 beds 3 baths ∙ 2,114 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,114 Sqft ∙ Built 2017
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.04
    •  
PROPERTY LISTING DETAILS
Levi Rodgers
1.210.331.7000
Re/max Military City
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 8728710
Last Updated: 12/09/2020
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