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151 Camp Creek Court Buda, TX 78610

4 Beds 2 Baths 1,857 sqft Built 2007

$353,900

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $190.58
  • 4 Days on Market
  • MLS # : 2826189
  • Updated Date : 02/27/2021 at 15:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,857 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Immaculate one story home on just over a third of an acre oversized lot in highly sought West Buda! Strategically placed trees and landscaping throughout the property provide ultimate privacy and bloom beautifully in the spring. Enjoy the back yard from the extended covered porch or second seating area, perfect for entertaining! Desirable layout of this single story 4 bedroom, 2 bath home, boasts an oversized living area with a centralized fireplace leading to the kitchen that also offers ample storage and space. Just minutes from the new 45 toll road that allows quick access to the Austin and surrounding area!

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: 78610

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280kPrice in $126k298k

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

Zip Code: 78610

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9371840

* 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
Elm Grove Elementary School Primary Regular 757 40 7
Dahlstrom Middle School Middle Regular 946 45 7
Hays High School High Regular 2,409 121 6

Elm Grove Elementary School

  • Education Level: Primary
  • # of students: 757
  • # of teachers: 40
7
GreatSchools Rating

Dahlstrom Middle School

  • Education Level: Middle
  • # of students: 946
  • # of teachers: 45
7
GreatSchools Rating

Hays High School

  • Education Level: High
  • # of students: 2,409
  • # of teachers: 121
6
GreatSchools Rating
 

$318,510$389,290$353,900

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,229
Property Tax -$766
Property Insurance -$132
HOA -$33
Property Management Fees -$99
CASH FLOW
-$349

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.

$353,900

PROJECTED PRICE

$1,910

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 4.2%
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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$99,534

INVESTMENT

$99,534

Down Payment
$88,475
Rehab Estimate
$5,750
Closing Costs
$5,309

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,229

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $88,475
Loan Amount $265,425
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$446

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $2,001

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,910
1$1,9102$1,9253$1,9954$2,0005$2,100
$2,100
RENT COMPS ANALYSIS
  • 151 Camp Creek Court Buda, TX 1
    • 4 beds 2 baths ∙ 1,857 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,857 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $1.03
    •  
  • 240 Mystic Shadow Ln Buda, TX 2
    • 3 beds 2 baths ∙ 1,727 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,727 Sqft ∙ Built 2010
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $1.11
    •  
  • 160 Pompey Springs Court Buda, TX 3
    • 4 beds 2 baths ∙ 1,968 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,968 Sqft ∙ Built 2006
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.01
    •  
  • 1437 Heep Run Buda, TX 4
    • 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 2012
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.07
    •  
  • 641 Bayou Bend Drive Buda, TX 5
    • 3 beds 2 baths ∙ 1,881 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,881 Sqft ∙ Built 2008
    LEASED 07/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.12
    •  
PROPERTY LISTING DETAILS
Nora Puente
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 2826189
Last Updated: 02/27/2021
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