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1506 Sundance Drive Round Rock, TX 78665

4 Beds 3 Baths 1,890 sqft Built 1995

$270,000

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $142.86
  • 2 Days on Market
  • MLS # : 5837436
  • Updated Date : 11/14/2020 at 16:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,890 sqft
  • Baths : 2 full , 1 half
Listing Agent

Paknia Real Estate Team Llc

Listing Agent's Description

Beautiful 2 story White Stone Home with 4 Bedrooms, 2.5 Bath. Open Kitchen with 42" Cabinets, Quartz Counter Tops, Subway Backsplash & Recessed Lightings. Master Bath with Double Vanity & Walk-in Shower in 2018. 2nd Bathroom with Double Vanity as well. Laminate floors throughout the 1st floor. Carpet in 2nd floor and bedrooms (in 2020). AC 2014; Water Heater 2020; Dishwasher 2016; Microwave 2020. Great Patio & Cottage Style Backyard. Great Schools and close to all Shoppings

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

Neighborhood: Round Rock

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $127k410k

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

Neighborhood: Round Rock

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9972157

* 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
Union Hill Elementary School Primary Regular 853 58 5
Hopewell Middle School Middle Regular 967 62 8
Stony Point High School High Regular 2,463 173 6

Union Hill Elementary School

  • Education Level: Primary
  • # of students: 853
  • # of teachers: 58
5
GreatSchools Rating

Hopewell Middle School

  • Education Level: Middle
  • # of students: 967
  • # of teachers: 62
8
GreatSchools Rating

Stony Point High School

  • Education Level: High
  • # of students: 2,463
  • # of teachers: 173
6
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$996
Property Tax -$549
Property Insurance -$133
Property Management Fees -$122
CASH FLOW
-$271

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.

$270,000

PROJECTED PRICE

$1,530

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 6.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.80%
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$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$230

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,621

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,530
1$1,5302$1,6253$1,6954$1,695
$1,695
RENT COMPS ANALYSIS
  • 1506 Sundance Drive Round Rock, TX 1
    • 4 beds 3 baths ∙ 1,890 Sqft ∙ Built 1995 4 beds 3 baths ∙ 1,890 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.81
    •  
  • 917 Wilderness Path Round Rock, TX 2
    • 3 beds 3 baths ∙ 1,964 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,964 Sqft ∙ Built 1996
    property image
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.83
    •  
  • 1458 David Curry Dr Round Rock, TX 3
    • 3 beds 3 baths ∙ 1,923 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,923 Sqft ∙ Built 2000
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.88
    •  
  • 1010 Double File Trl Round Rock, TX 4
    • 4 beds 2 baths ∙ 2,019 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,019 Sqft ∙ Built 1994
    property image
    LEASED 06/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.84
    •  
PROPERTY LISTING DETAILS
Moe Paknia
1.512.468.8788
Paknia Real Estate Team Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 5837436
Last Updated: 11/14/2020
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