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170 Wildhorse Creek Buda, TX 78610

4 Beds 3 Baths 2,803 sqft Built 2006

$369,000

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $131.64
  • 3 Days on Market
  • MLS # : 9792049
  • Updated Date : 11/21/2020 at 13:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,803 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group Prosper

Listing Agent's Description

Gorgeous home in desirable Whispering Hollow! Soft gray walls, tile floors downstairs in the main areas, downstairs bonus office/playroom, and an open kitchen w/ granite countertops. Huge upstairs living area with upgraded flooring. Spacious primary suite w/ bay window, primary bath w/ separate shower/tub/double sinks, & walk in closet. Close to take a straight shot to Austin on the new 45 toll!

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: 78610

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280kPrice in $126k298k

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

Zip Code: 78610

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9371840

* 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
Elm Grove Elementary School Primary Regular 757 40 7
Dahlstrom Middle School Middle Regular 946 45 7
Hays High School High Regular 2,409 121 6

Elm Grove Elementary School

  • Education Level: Primary
  • # of students: 757
  • # of teachers: 40
7
GreatSchools Rating

Dahlstrom Middle School

  • Education Level: Middle
  • # of students: 946
  • # of teachers: 45
7
GreatSchools Rating

Hays High School

  • Education Level: High
  • # of students: 2,409
  • # of teachers: 121
6
GreatSchools Rating
 

$332,100$405,900$369,000

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,361
Property Tax -$799
Property Insurance -$185
HOA -$32
Property Management Fees -$183
CASH FLOW
-$270

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.

$369,000

PROJECTED PRICE

$2,290

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 4.2%
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-$8.0k-$6.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,535

INVESTMENT

$103,535

Down Payment
$92,250
Rehab Estimate
$5,750
Closing Costs
$5,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,361

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,250
Loan Amount $276,750
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$1,673

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,544

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,2903$2,4004$2,4955$2,700
$2,700
RENT COMPS ANALYSIS
  • 170 Wildhorse Creek Buda, TX 2
    • 4 beds 3 baths ∙ 2,803 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,803 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $0.82
    •  
  • 280 Middle Creek Drive Buda, TX 1
    • 4 beds 3 baths ∙ 2,609 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,609 Sqft ∙ Built 2006
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.86
    •  
  • 349 Nivens Dr Buda, TX 3
    • 5 beds 4 baths ∙ 2,800 Sqft ∙ Built 2014 5 beds 4 baths ∙ 2,800 Sqft ∙ Built 2014
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.86
    •  
  • 362 Clear Springs Hollow Buda, TX 4
    • 4 beds 2 baths ∙ 2,691 Sqft ∙ Built 2013 4 beds 2 baths ∙ 2,691 Sqft ∙ Built 2013
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.93
    •  
  • 110 Mystic Hollow Buda, TX 5
    • 5 beds 3 baths ∙ 2,761 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,761 Sqft ∙ Built 2005
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.98
    •  
PROPERTY LISTING DETAILS
Amanda Rickman
1.512.557.2358
Realty One Group Prosper
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 9792049
Last Updated: 11/21/2020
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