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1440 Hamiltons Way Leander, TX 78641

3 Beds 3 Baths 1,941 sqft Built 2017

$279,900

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $144.20
  • 2 Days on Market
  • MLS # : 8013672
  • Updated Date : 11/14/2020 at 18:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,941 sqft
  • Baths : 2 full , 1 half
Listing Agent

Pacesetter Properties

Listing Agent's Description

Lovely move-in ready home offers 3 bedrooms (owners retreat main level), 2.5 baths, 3 living areas, 2-car garage. Kitchen features granite counters, gas stove, built-in microwave, pantry, tile floors & tile backsplash. Spacious corner lot with private backyard, full sprinkler system, covered back patio & front porch, full gutters, lovely trees & landscape. Additional features include a radiant barrier roof decking, garage door opener, 2-inch blinds throughout, tile in family room & low-E efficiency windows. This home was barely lived-in and ready for a quick close.

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
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,033
Property Tax -$647
Property Insurance -$136
HOA -$45
Property Management Fees -$140
CASH FLOW
-$251

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.

$279,900

PROJECTED PRICE

$1,750

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$800k

PROJECTED ANNUAL CASH FLOW

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$351

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
  • $0.9

    LIST RENT PER SQFT
  • $1,742

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,599
1$1,5992$1,6753$1,7254$1,7505$1,750
$1,750
RENT COMPS ANALYSIS
  • 1440 Hamiltons Way Leander, TX 5
    • 3 beds 3 baths ∙ 1,941 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,941 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.90
    •  
  • 1441 Hamiltons Way Leander, TX 1
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 2017
    property image
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.89
    •  
  • 1044 Britt Ln Leander, TX 2
    • 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 2017
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.90
    •  
  • 1428 Blake St Leander, TX 3
    • 3 beds 3 baths ∙ 1,989 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,989 Sqft ∙ Built 2017
    property image
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.87
    •  
  • 1012 Peregrine Way Leander, TX 4
    • 3 beds 2 baths ∙ 1,883 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,883 Sqft ∙ Built 2016
    property image
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.93
    •  
PROPERTY LISTING DETAILS
Melissa Berndt
1.512.350.1107
Pacesetter Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 8013672
Last Updated: 11/14/2020
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