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1608 Diana Drive Round Rock, TX 78664

4 Beds 3 Baths 2,384 sqft Built 2000

$295,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $123.74
  • 4 Days on Market
  • MLS # : 5295672
  • Updated Date : 01/15/2021 at 18:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,384 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Llc

Listing Agent's Description

Welcome to Diana Dr! Prime Location for this Large 4 Bedroom 3 bath home! 2 Living Spaces and 2 Dining spaces on the main level with the Kitchen opening up to the Family room and beautiful wood Fireplace. An extended Patio overlooks the large backyard! Upstairs youll find an office nook, Huge Primary Bedroom with a big ensuite and Huge walk in closet! The other 3 bedrooms are spacious and all have walk-in closets! This home is in such great location, close to amazing schools, Stone Hill Shopping Center, and Easy Commute with 45 access down the street! Did I mention NO HOA?? Don't Miss it!!

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: Spring Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280kPrice in $126k298k

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

Neighborhood: Spring Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8191828

* 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
Callison Elementary School Primary Regular 862 59 4
C.d. Fulkes Middle School Middle Regular 757 61 4
Cedar Ridge High School High Regular 2,718 178 7

Callison Elementary School

  • Education Level: Primary
  • # of students: 862
  • # of teachers: 59
4
GreatSchools Rating

C.d. Fulkes Middle School

  • Education Level: Middle
  • # of students: 757
  • # of teachers: 61
4
GreatSchools Rating

Cedar Ridge High School

  • Education Level: High
  • # of students: 2,718
  • # of teachers: 178
7
GreatSchools Rating
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,025
Property Tax -$600
Property Insurance -$161
Property Management Fees -$99
CASH FLOW
-$55

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.

$295,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 7.9%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,025

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$8,642

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,931

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,775
1$1,7752$1,7953$1,8304$1,9505$2,050
$2,050
RENT COMPS ANALYSIS
  • 1608 Diana Drive Round Rock, TX 3
    • 4 beds 3 baths ∙ 2,384 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,384 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.77
    •  
  • 2029 Charlotte Way Round Rock, TX 1
    • 3 beds 3 baths ∙ 2,448 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,448 Sqft ∙ Built 1998
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.73
    •  
  • 2017 Hat Bender Loop Round Rock, TX 2
    • 3 beds 3 baths ∙ 2,213 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,213 Sqft ∙ Built 2018
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.81
    •  
  • 2912 Harvester Ln Round Rock, TX 4
    • 3 beds 3 baths ∙ 2,414 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,414 Sqft ∙ Built 2018
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.81
    •  
  • 1614 Autumn Sage Court Round Rock, TX 5
    • 4 beds 3 baths ∙ 2,314 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,314 Sqft ∙ Built 2018
    LEASED 10/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.89
    •  
PROPERTY LISTING DETAILS
Lindey Hixson
1.512.718.7818
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 5295672
Last Updated: 01/15/2021
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