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1420 Hamiltons Way Leander, TX 78641

3 Beds 2 Baths 1,398 sqft Built 2017

$234,900

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $168.03
  • 6 Days on Market
  • MLS # : 7233471
  • Updated Date : 10/29/2020 at 16:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,398 sqft
  • Baths : 2 full
Listing Agent

Jla Realty

Listing Agent's Description

Connely's Crossing Gem! 2017 built still like new! Gorgeous, clean, and well maintained 3/2 in the heart of Leander. Beautiful white brick exterior, with fresh mulch for curb appeal. Rear entry garage. Close to downtown Leander, ACC, Metro Rail, and 183! Great use of space with open living room, kitchen, and dining area. Tile floors in all common areas. Carpet in bedrooms. Upgraded counter tops and subway tile backsplash. Raised back patio for sitting and enjoying that morning cup of coffee or having a BBQ! Priced well and won't last long!

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: 78641

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300kPrice in $126k300k

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

Zip Code: 78641

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9371765

* 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
Whitestone Elementary School Primary Regular 803 60 6
Leander Middle School Middle Regular 862 63 6
Leander High School High Regular 2,090 135 7

Whitestone Elementary School

  • Education Level: Primary
  • # of students: 803
  • # of teachers: 60
6
GreatSchools Rating

Leander Middle School

  • Education Level: Middle
  • # of students: 862
  • # of teachers: 63
6
GreatSchools Rating

Leander High School

  • Education Level: High
  • # of students: 2,090
  • # of teachers: 135
7
GreatSchools Rating
 

$211,410$258,390$234,900

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$867
Property Tax -$543
Property Insurance -$106
HOA -$45
Property Management Fees -$119
CASH FLOW
-$190

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.

$234,900

PROJECTED PRICE

$1,490

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 6.1%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$67,999

INVESTMENT

$67,999

Down Payment
$58,725
Rehab Estimate
$5,750
Closing Costs
$3,524

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,725
Loan Amount $176,175
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$517

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,517

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,490
1$1,4902$1,5003$1,6754$1,6755$1,675
$1,675
RENT COMPS ANALYSIS
  • 1420 Hamiltons Way Leander, TX 1
    • 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $1.07
    •  
  • 1040 Britt Ln Leander, TX 2
    • 3 beds 2 baths ∙ 1,355 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,355 Sqft ∙ Built 2017
    property image
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.11
    •  
  • 1441 Brooks Way Leander, TX 3
    • 4 beds 2 baths ∙ 1,525 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,525 Sqft ∙ Built 2017
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.10
    •  
  • 1024 Britt Lane Leander, TX 4
    • 4 beds 2 baths ∙ 1,550 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,550 Sqft ∙ Built 2017
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.08
    •  
  • 1301 Purple Sage Circle Leander, TX 5
    • 3 beds 3 baths ∙ 1,596 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,596 Sqft ∙ Built 1999
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.05
    •  
PROPERTY LISTING DETAILS
Samantha Evans
1.254.493.9490
Jla Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 7233471
Last Updated: 10/29/2020
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