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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $107.14
- 2 Days on Market
- MLS # : 4271269
- Updated Date : 01/02/2021 at 19:37
CONSTRUCTION
- Beds : 4
- Floor Size : 2,800 sqft
- Baths : 2 full , 1 half
Listing Agent
Cheryl Tucker Realty
Listing Agent's Description
Large 4 bedroom home in Round Rock. Entire interior, walls, ceiling, trim and doors have been freshly painted Agreeable Gray. NO HOA!! No carpet downstairs, new flooring in master and flex room. Tile in rest of main floor. Master suite is downstairs, oversized and has huge walk in closet. Flex space downstairs can be another dining area, office, playroom, schoolroom.....you choose. Open floor plan with kitchen opening to living and dining area with view of private backyard. Refrigerator, washer and dryer convey to buyer. Massive game room upstairs with storage closet and walk out closet. All 3 secondary bedrooms are extra large with walk in closets. Large backyard is very private and has patio. Easy access to IH35 just off University- close to HEB, IKEA, RR outlet mall, restaurants, Scott & White hospital, ACC
SEE MORE
- #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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Stoney Brook
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Stoney Brook
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,860 |
| EXPENSES | Loan Payment | -$1,107 |
| Property Tax | -$610 | |
| Property Insurance | -$185 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$140
|
||
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.
$300,000
PROJECTED PRICE
$1,860
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 9.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.72% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$85,250
LOAN DETAILS
$1,107
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $75,000 |
| Loan Amount | $225,000 |
2.25
YEARS SAVED
$5,810
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,860
LIST RENT -
$0.66
LIST RENT PER SQFT
-
$1,939
COMP ESTIMATED VALUE -
$0.69
COMP AVG. RENT PER SQFT
Comps Range
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1572 Haynie Bend Round Rock, TX 1
- 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 2007
- Rent
- Rent Per SQFT
- $1,860
- $0.66
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1532 Lorson Loop Round Rock, TX 2
- 4 beds 3 baths ∙ 2,848 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,848 Sqft ∙ Built 2003
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,925
- $0.68
-
3627 Hawk View St Round Rock, TX 3
- 4 beds 3 baths ∙ 2,931 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,931 Sqft ∙ Built 2004
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,949
- $0.66
-
1703 Hidden Springs Path Round Rock, TX 4
- 4 beds 3 baths ∙ 2,736 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,736 Sqft ∙ Built 2011
LEASED 03/30/20- Rent
- Rent Per SQFT
- $2,095
- $0.77
PROPERTY LISTING DETAILS
1.512.705.9010
Cheryl Tucker Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 4271269
Last Updated: 01/02/2021
