Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1980
- Price/Sqft : $166.42
- 6 Days on Market
- MLS # : 3453512
- Updated Date : 12/09/2020 at 22:25
CONSTRUCTION
- Beds : 3
- Floor Size : 1,376 sqft
- Baths : 2 full
Listing Agent
Socius Real Estate
Listing Agent's Description
Come see this great house in a hot neighborhood. Walking distance to highly acclaimed Round Rock schools and only minutes to transportation, parks, shopping & restaurants. The mother-in-law plan has a spacious master suite. The living room has vaulted ceilings and plenty of room to spread out. Hall bath has been completely updated and there is new carpet in all the bedrooms and fresh paint throughout. The backyard is great for entertaining in the shade of a huge and beautiful tree. All appliances in the house will convey. New HVAC in 2019.
SEE MORE
- 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
Neighborhood: Mesa Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mesa Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,560 |
| EXPENSES | Loan Payment | -$845 |
| Property Tax | -$466 | |
| Property Insurance | -$105 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$46
|
||
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.
$229,000
PROJECTED PRICE
$1,560
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 9.5% |
| 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
$66,435
LOAN DETAILS
$845
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $57,250 |
| Loan Amount | $171,750 |
5.5
YEARS SAVED
$16,273
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,560
LIST RENT -
$1.13
LIST RENT PER SQFT
-
$1,565
COMP ESTIMATED VALUE -
$1.14
COMP AVG. RENT PER SQFT
Comps Range
-
1401 London Road Round Rock, TX 4
- 3 beds 2 baths ∙ 1,376 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,376 Sqft ∙ Built 1980
![property image]()
- Rent
- Rent Per SQFT
- $1,560
- $1.13
-
1407 E Mesa Park Drive Round Rock, TX 1
- 3 beds 2 baths ∙ 1,289 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,289 Sqft ∙ Built 1979
![property image]()
LEASED 11/06/20- Rent
- Rent Per SQFT
- $1,450
- $1.12
-
1508 Provident Lane Round Rock, TX 2
- 4 beds 2 baths ∙ 1,282 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,282 Sqft ∙ Built 1981
![property image]()
LEASED 02/03/20- Rent
- Rent Per SQFT
- $1,499
- $1.17
-
1003 Wayne Dr Round Rock, TX 3
- 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1978
![property image]()
LEASED 06/05/20- Rent
- Rent Per SQFT
- $1,550
- $1.13
-
1401 Mills Meadow Drive Round Rock, TX 5
- 3 beds 2 baths ∙ 1,409 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,409 Sqft ∙ Built 1979
![property image]()
LEASED 10/15/20- Rent
- Rent Per SQFT
- $1,595
- $1.13
PROPERTY LISTING DETAILS
1.512.771.7441
Socius Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 3453512
Last Updated: 12/09/2020
