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1531 Coldwater Hollow Buda, TX 78610

3 Beds 2 Baths 2,047 sqft Built 2012

$330,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $161.21
  • 4 Days on Market
  • MLS # : 9463677
  • Updated Date : 02/04/2021 at 17:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,047 sqft
  • Baths : 2 full
Listing Agent

Pure Gold Realty

Listing Agent's Description

All Offers Responded To Monday By 4PM. Immaculate single-story home situated on nearly 1/4 acre, semi cul-de-sac lot on quiet street across from neighborhood park and pool. Beautiful brick façade with ornamental wrought iron front door. Nicely landscaped in front with brick edging. Open floor plan with high ceilings, arched walkways, lots of windows, neutral color palette and abundance of natural lighting throughout. Upgraded Cheyenne shaker plank interior doors and beautiful wood-like tile flooring. Great island kitchen with Travertine tile backsplash, stainless appliances, Corian countertops and a breakfast bar overlooking the expansive living area with corner fireplace. Primary suite features dual vanities, his/her walk-in closets, soaking tub and separate shower. Spacious secondary bedrooms. Texas-sized backyard with large covered patio and extended flagstone patio with firepit—ideal for relaxing or entertaining guests.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

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
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,146
Property Tax -$714
Property Insurance -$142
HOA -$33
Property Management Fees -$99
CASH FLOW
-$174

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.

$330,000

PROJECTED PRICE

$1,960

PROJECTED RENT

0.59%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$3,539

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,037

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,960
1$1,9602$1,9753$1,9954$1,9955$2,150
$2,150
RENT COMPS ANALYSIS
  • 1531 Coldwater Hollow Buda, TX 1
    • 3 beds 2 baths ∙ 2,047 Sqft ∙ Built 2012 3 beds 2 baths ∙ 2,047 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.96
    •  
  • 160 Pompey Springs Ct Buda, TX 2
    • 4 beds 2 baths ∙ 1,968 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,968 Sqft ∙ Built 2006
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.00
    •  
  • 151 Clear Springs Holw Buda, TX 3
    • 4 beds 2 baths ∙ 2,107 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,107 Sqft ∙ Built 2007
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.95
    •  
  • 160 Pompey Springs Court Buda, TX 4
    • 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
    •  
  • 131 Fresno Springs Buda, TX 5
    • 4 beds 2 baths ∙ 2,107 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,107 Sqft ∙ Built 2005
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.02
    •  
PROPERTY LISTING DETAILS
Chad Goldwasser
Pure Gold Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 9463677
Last Updated: 02/04/2021
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