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16024 Hampton Bliss Trace Austin, TX 78728

3 Beds 2 Baths 1,280 sqft Built 2012

$269,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $210.16
  • 4 Days on Market
  • MLS # : 9468986
  • Updated Date : 11/21/2020 at 17:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,280 sqft
  • Baths : 2 full
Listing Agent

Square Move Realty, Llc

Listing Agent's Description

OPEN HOUSE: SAT 1-4 // Pulte home in highly sought after Preston Village. Single-story, open floor plan is a wonderful starter home and/or a great investment opportunity! Great location convenient to Apple, IBM, Dell, The Domain and La Frontera with easy access to toll roads. Acclaimed RRISD schools and SUPER LOW 1.9% tax rate! Preston Village neighborhood is community-friendly with HOA sponsored activities, community pool, two playgrounds, a walking park and basketball court. This home is a 3 minute walk to pool/playground, 7 minute bike ride to the elementary school and 10 minute drive to The Domain! *Excellent Location*

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: 78728

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $126k378k

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

Zip Code: 78728

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9371966

* 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
Chisholm Trail Middle School Middle Regular 1,069 69 7
Mcneil High School High Regular 2,546 169 7

Chisholm Trail Middle School

  • Education Level: Middle
  • # of students: 1,069
  • # of teachers: 69
7
GreatSchools Rating

Mcneil High School

  • Education Level: High
  • # of students: 2,546
  • # of teachers: 169
7
GreatSchools Rating
 

$242,100$295,900$269,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$992
Property Tax -$529
Property Insurance -$89
HOA -$38
Property Management Fees -$120
CASH FLOW
-$269

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.

$269,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 7.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,035

INVESTMENT

$77,035

Down Payment
$67,250
Rehab Estimate
$5,750
Closing Costs
$4,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$992

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,250
Loan Amount $201,750
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$255

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $1.36

    LIST RENT PER SQFT
  • $1,238

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4953$1,500
$1,500
RENT COMPS ANALYSIS
  • 16024 Hampton Bliss Trace Austin, TX 3
    • 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 2012
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.36
    •  
  • 2203 Frontier Trail Round Rock, TX 1
    • 3 beds 2 baths ∙ 1,289 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,289 Sqft ∙ Built 1983
    property image
    LEASED 06/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.12
    •  
  • 2303 Silver Spur Round Rock, TX 2
    • 3 beds 2 baths ∙ 1,323 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,323 Sqft ∙ Built 1981
    property image
    LEASED 02/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.13
    •  
PROPERTY LISTING DETAILS
Michele Scott
1.512.806.0516
Square Move Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 9468986
Last Updated: 11/21/2020
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