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PROPERTY INFO
FACTS
- Single Family
- Built In 1985
- Price/Sqft : $181.65
- 8 Days on Market
- MLS # : 9164266
- Updated Date : 11/25/2020 at 23:56
CONSTRUCTION
- Beds : 3
- Floor Size : 1,313 sqft
- Baths : 2 full
Listing Agent
Berkshire Hathaway Tx Realty
Listing Agent's Description
Adorable home in Somerset Subdivision - NO HOA!! Updated kitchen with beautiful granite counters!! New paint, high vaulted ceilings with wood beams in living room and master bedroom. Refrigerator conveys! Recent HVAC system and water heater! Enjoy coffee on your covered patio in backyard. Home backs to greenbelt/utility easement - no homes behind you! Somerset Park and Wood Park nearby, as well as historic Chisholm Trail Crossing Park with the famous namesake “Round Rock.” Convenient to major employers such as Dell.
SEE MORE
- 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.
- 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)
PRICE & RENT TRENDS
Neighborhood: Somerset
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Somerset
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,400 |
| EXPENSES | Loan Payment | -$880 |
| Property Tax | -$485 | |
| Property Insurance | -$101 | |
| Property Management Fees | -$112 | |
|
CASH FLOW
-$178
|
||
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.
$238,500
PROJECTED PRICE
$1,400
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 6.1% |
| 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
$68,953
LOAN DETAILS
$880
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $59,625 |
| Loan Amount | $178,875 |
1
YEARS SAVED
$1,145
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,400
LIST RENT -
$1.07
LIST RENT PER SQFT
-
$1,448
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
-
1625 Peachtree Valley Drive Round Rock, TX 2
- 3 beds 2 baths ∙ 1,313 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,313 Sqft ∙ Built 1985
![property image]()
- Rent
- Rent Per SQFT
- $1,400
- $1.07
-
1404 Normeadows Cir Round Rock, TX 1
- 3 beds 2 baths ∙ 1,311 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,311 Sqft ∙ Built 1982
![property image]()
LEASED 12/18/19- Rent
- Rent Per SQFT
- $1,400
- $1.07
-
1307 Somerset Drive Round Rock, TX 3
- 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1985
![property image]()
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,500
- $1.11
-
1812 Hollow Tree Blvd Round Rock, TX 4
- 4 beds 2 baths ∙ 1,434 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,434 Sqft ∙ Built 1995
![property image]()
LEASED 04/30/20- Rent
- Rent Per SQFT
- $1,595
- $1.11
-
1510 Lantern Light Dr Round Rock, TX 5
- 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 1993
![property image]()
LEASED 09/03/20- Rent
- Rent Per SQFT
- $1,650
- $1.12
PROPERTY LISTING DETAILS
1.512.771.4309
Berkshire Hathaway Tx Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 9164266
Last Updated: 11/25/2020
