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156 Triumph Road Buda, TX 78610

3 Beds 3 Baths 1,688 sqft Built 2015

$252,500

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $149.59
  • 6 Days on Market
  • MLS # : 5246898
  • Updated Date : 01/20/2021 at 23:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,688 sqft
  • Baths : 2 full , 1 half
Listing Agent

Austin Central Realty

Listing Agent's Description

Beautiful 2 story home features with 3 bedrooms and 2.5 bathrooms. Welcome front porch leads to high ceiling hall way and large living room. Open concept floorplan from large living room to kitchen and dining room. Kitchen has granite countertop, 42” wood cabinets, microwave, and drinking water softener. Master suite features wall of windows, siting area, enormous walk-in closet and shower. Like new home with fresh paint interior, still under 10 years structural warrant. Recent $3k. water softeners. The attach garage is extra deep for storage area. Relax in huge private back yard that has covered patio and convenient gas drop for BBQ grill. Enjoying fruit trees surround the backyard. Close to shopping, restaurant, and airport. Short drive to Austin and San Antonio.

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
Ralph Pfluger Elementary School Primary Regular 655 40 8
Mccormick Middle School Middle Regular NA
Hays High School High Regular 2,409 121 6

Ralph Pfluger Elementary School

  • Education Level: Primary
  • # of students: 655
  • # of teachers: 40
8
GreatSchools Rating

Mccormick Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Hays High School

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

$227,250$277,750$252,500

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$877
Property Tax -$663
Property Insurance -$122
HOA -$33
Property Management Fees -$99
CASH FLOW
-$74

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.

$252,500

PROJECTED PRICE

$1,720

PROJECTED RENT

0.68%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,663

INVESTMENT

$72,663

Down Payment
$63,125
Rehab Estimate
$5,750
Closing Costs
$3,788

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$877

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $63,125
Loan Amount $189,375
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$4,649

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,718

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,7003$1,7204$1,7505$1,775
$1,775
RENT COMPS ANALYSIS
  • 156 Triumph Road Buda, TX 3
    • 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $1.02
    •  
  • 372 Eagle Brook Ln Buda, TX 1
    • 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 2017
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.96
    •  
  • 144 Sandy Path Buda, TX 2
    • 3 beds 3 baths ∙ 1,667 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,667 Sqft ∙ Built 2017
    LEASED 12/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.02
    •  
  • 212 Twisted Oaks Lane Buda, TX 4
    • 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 2015
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.04
    •  
  • 176 Pearl Way Buda, TX 5
    • 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 2016
    LEASED 01/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.05
    •  
PROPERTY LISTING DETAILS
Celine Chhay
1.512.560.5595
Austin Central Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 5246898
Last Updated: 01/20/2021
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