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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $149.81
- 3 Days on Market
- MLS # : 2628985
- Updated Date : 12/19/2020 at 18:24
CONSTRUCTION
- Beds : 4
- Floor Size : 1,869 sqft
- Baths : 2 full
Listing Agent
Pacesetter Properties
Listing Agent's Description
Excellent condition 2 year old home in beautiful Riverwalk subdivision. Located high on a hill with beautiful views from the pools, jogging paths and playgrounds. All relatively new houses on adjacent streets, so lots of enthusiastic neighbors who will be looking to make new friends. Four bedrooms with one well positioned (at front of house) for use as an office. Master has a huge walk-In closet and walk-in shower. Utility room for washer and dryer. Kitchen with dishwasher, disposal, oven and microwave, large pantry, large kitchen island open to the family room for convenient and comfortable interactions. Vaulted ceiling, smoke and carbon detectors. Impress your friends with the convenience of your Wi-Fi controlled thermostat, front door lock and garage door. Check the weather on the home's control panel. Enjoy the benefits of a Rain Bird sprinkler system that still has a year of transferrable warranty remaining. Close to Hutto lake par which has a fishing lake, basketball court and bird watching. Also nearby soccer fields and community pool. Easy access to main roads (highways 79, 130 and 45). Bedroom dimensions (rounded): Master 17' x 16', three others are 12' x 12' each. Agent owned.
SEE MORE
- #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
Zip Code: 78634
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 78634
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,750 |
| EXPENSES | Loan Payment | -$1,033 |
| Property Tax | -$660 | |
| Property Insurance | -$132 | |
| HOA | -$35 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$209
|
||
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.
$279,990
PROJECTED PRICE
$1,750
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$79,947
LOAN DETAILS
$1,033
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $69,998 |
| Loan Amount | $209,993 |
1.17
YEARS SAVED
$1,881
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,750
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$1,719
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
137 San Bernard Trail Hutto, TX 4
- 4 beds 2 baths ∙ 1,869 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,869 Sqft ∙ Built 2018
![property image]()
- Rent
- Rent Per SQFT
- $1,750
- $0.94
-
314 E Comal Run Hutto, TX 1
- 3 beds 2 baths ∙ 1,728 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,728 Sqft ∙ Built 2011
![property image]()
LEASED 01/08/20- Rent
- Rent Per SQFT
- $1,600
- $0.93
-
109 Sabine River Hutto, TX 2
- 3 beds 3 baths ∙ 1,866 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,866 Sqft ∙ Built 2015
![property image]()
LEASED 09/17/20- Rent
- Rent Per SQFT
- $1,700
- $0.91
-
139 San Bernard Trail Hutto, TX 3
- 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2018
![property image]()
LEASED 06/20/20- Rent
- Rent Per SQFT
- $1,725
- $0.88
-
109 Denton Dr Hutto, TX 5
- 4 beds 2 baths ∙ 1,869 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,869 Sqft ∙ Built 2017
![property image]()
LEASED 02/17/20- Rent
- Rent Per SQFT
- $1,795
- $0.96
PROPERTY LISTING DETAILS
1.512.576.9042
Pacesetter Properties
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 2628985
Last Updated: 12/19/2020
