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1625 Peachtree Valley Drive Round Rock, TX 78681

3 Beds 2 Baths 1,313 sqft Built 1985

$238,500

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

November 22, 2020 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • 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

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $95k298k

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

Neighborhood: Somerset

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500160017001800Rent in $7631828

* 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
Old Town Elementary School Primary Regular 736 48 6
Walsh Middle School Middle Regular 1,460 92 10
Round Rock High School High Regular 2,972 195 8

Old Town Elementary School

  • Education Level: Primary
  • # of students: 736
  • # of teachers: 48
6
GreatSchools Rating

Walsh Middle School

  • Education Level: Middle
  • # of students: 1,460
  • # of teachers: 92
10
GreatSchools Rating

Round Rock High School

  • Education Level: High
  • # of students: 2,972
  • # of teachers: 195
8
GreatSchools Rating
 

$214,650$262,350$238,500

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,953

INVESTMENT

$68,953

Down Payment
$59,625
Rehab Estimate
$5,750
Closing Costs
$3,578

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$880

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,625
Loan Amount $178,875
See What Happens When You Reinvest Cash Flow

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
$1,400
1$1,4002$1,4003$1,5004$1,5955$1,650
$1,650
RENT COMPS ANALYSIS
  • 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
Paula Fiedler
1.512.771.4309
Berkshire Hathaway Tx Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 9164266
Last Updated: 11/25/2020
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