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1572 Haynie Bend Round Rock, TX 78665

4 Beds 3 Baths 2,800 sqft Built 2007

$300,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • #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

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $117k298k

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

Neighborhood: Stoney Brook

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9371828

* 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
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

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
$1,860
1$1,8602$1,9253$1,9494$2,095
$2,095
RENT COMPS ANALYSIS
  • 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
    •  
  • 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
Cheryl Tucker
1.512.705.9010
Cheryl Tucker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 4271269
Last Updated: 01/02/2021
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