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1707 Gnu Gap Round Rock, TX 78664

4 Beds 2 Baths 2,522 sqft Built 1994

$315,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $124.90
  • 2 Days on Market
  • MLS # : 1805210
  • Updated Date : 01/24/2021 at 01:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,522 sqft
  • Baths : 2 full
Listing Agent

Dochen, Realtors

Listing Agent's Description

Adorable open concept one-story 4 bd 2 ba 2522 sqft home on a cul-de-sac lot in Round Rock's quaint Springbrook subdivision. Boasting updated stylish kitchen with stainless steel appliances, breakfast bar and breakfast area, dedicated dining room, spacious living room with fireplace surrounded by ceiling height built-ins, secondary living space can be used as flex space. High ceilings throughout and beaming natural light. Roof replaced in 2019, HVAC replaced in 2014. Conveniently located near Ih-35, Ih-45, major shopping and grocery, Idea public school, Caldwell Elementary. HOA includes Pool access and common area maintenance. Please submit all offers by 1/24/21

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

Neighborhood: Springbrook Centre

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280kPrice in $126k298k

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

Neighborhood: Springbrook Centre

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9371828

* 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
Caldwell Elementary School Primary Regular 667 47 6
Pflugerville Middle School Middle Regular 1,031 71 6
Pflugerville High School High Regular 2,256 143 7

Caldwell Elementary School

  • Education Level: Primary
  • # of students: 667
  • # of teachers: 47
6
GreatSchools Rating

Pflugerville Middle School

  • Education Level: Middle
  • # of students: 1,031
  • # of teachers: 71
6
GreatSchools Rating

Pflugerville High School

  • Education Level: High
  • # of students: 2,256
  • # of teachers: 143
7
GreatSchools Rating
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,094
Property Tax -$703
Property Insurance -$169
HOA -$18
Property Management Fees -$99
CASH FLOW
-$83

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.

$315,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 8.1%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

2.75

YEARS SAVED

$7,102

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,093

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,925
1$1,9252$2,0003$2,0154$2,0155$2,100
$2,100
RENT COMPS ANALYSIS
  • 1707 Gnu Gap Round Rock, TX 2
    • 4 beds 2 baths ∙ 2,522 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,522 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.79
    •  
  • 2008 Ebony Dove Drive Round Rock, TX 1
    • 4 beds 3 baths ∙ 2,495 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,495 Sqft ∙ Built 2019
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.77
    •  
  • 1509 Jerusalem Drive Round Rock, TX 3
    • 4 beds 3 baths ∙ 2,407 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,407 Sqft ∙ Built 2000
    property image
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,015
    • $0.84
    •  
  • 17100 Spanish Star Drive Round Rock, TX 4
    • 3 beds 3 baths ∙ 2,412 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,412 Sqft ∙ Built 2018
    property image
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,015
    • $0.84
    •  
  • 944 Palo Duro Drive Round Rock, TX 5
    • 5 beds 3 baths ∙ 2,422 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,422 Sqft ∙ Built 2017
    property image
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.87
    •  
PROPERTY LISTING DETAILS
Joseph Taute
1.512.576.1910
Dochen, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 1805210
Last Updated: 01/24/2021
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