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1628 Sundance Drive Round Rock, TX 78665

3 Beds 3 Baths 2,083 sqft Built 1995

$260,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $124.82
  • 4 Days on Market
  • MLS # : 6911895
  • Updated Date : 11/06/2020 at 19:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,083 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty-rr (wc)

Listing Agent's Description

Constructed over two levels, this home enjoys abundant natural light and a layout designed for easy living and entertaining. This home has had only one owner and has been well maintained. The main floor features a kitchen and dining room combo, welcoming living, guest powder room, and laundry. The living room’s fireplace provides comfort and warmth in the wintertime. Upstairs, you will find three bedrooms, a den, and a bathroom. The master bedroom suite features unique parquet wood flooring, a walk-in closet, and private ensuite bathroom. With transport, schools, shops, dining & leisure facilities within easy reach, this is the ideal place to call home.

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: Round Rock

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $127k410k

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

Neighborhood: Round Rock

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9972157

* 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
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$959
Property Tax -$529
Property Insurance -$144
Property Management Fees -$130
CASH FLOW
-$142

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.

$260,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 6.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.80%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$2,777

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,739

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,620
1$1,6202$1,6753$1,6954$1,7005$1,750
$1,750
RENT COMPS ANALYSIS
  • 1628 Sundance Drive Round Rock, TX 1
    • 3 beds 3 baths ∙ 2,083 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,083 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.78
    •  
  • 2471 Sunrise Rd Round Rock, TX 2
    • 4 beds 2 baths ∙ 1,892 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,892 Sqft ∙ Built 2019
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.89
    •  
  • 1010 Double File Trl Round Rock, TX 3
    • 4 beds 2 baths ∙ 2,019 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,019 Sqft ∙ Built 1994
    LEASED 06/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.84
    •  
  • 1514 Sundance Dr Round Rock, TX 4
    • 4 beds 3 baths ∙ 2,151 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,151 Sqft ∙ Built 1995
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.79
    •  
  • 2803 Pioneer Way Round Rock, TX 5
    • 4 beds 3 baths ∙ 2,122 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,122 Sqft ∙ Built 1996
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.82
    •  
PROPERTY LISTING DETAILS
Dustin Sartoris
1.512.520.0455
Keller Williams Realty-rr (wc)
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 6911895
Last Updated: 11/06/2020
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