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1708 Hidden Springs Path Round Rock, TX 78665

3 Beds 2 Baths 1,819 sqft Built 2011

$295,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $162.18
  • 3 Days on Market
  • MLS # : 1566213
  • Updated Date : 12/11/2020 at 17:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,819 sqft
  • Baths : 2 full
Listing Agent

X3 Realty

Listing Agent's Description

Lennar Onyx 3722/E3 Plan in Teravista’s Brookstone neighborhood. This one-owner, corporate property has a beautiful gourmet kitchen with granite counter tops, a deep under-mount stainless sink and upgraded GE stainless steel appliances with gas range. The single-story contemporary plan has oversized windows that fill the open plan natural light. High ceilings and ceramic tile floors in the common areas provide an expansive feel. The fully screened back patio is perfect place to enjoy a cool beverage in the evening with the ceiling fan that provides a comfortable breeze. This great home has been thoroughly prepared for market and is move-in ready!

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: Teravista

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $133k410k

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

Neighborhood: Teravista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9972192

* 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
Teravista Elementary School Primary Regular 881 58 8
Hopewell Middle School Middle Regular 967 62 8
Stony Point High School High Regular 2,463 173 6

Teravista Elementary School

  • Education Level: Primary
  • # of students: 881
  • # of teachers: 58
8
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
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,088
Property Tax -$582
Property Insurance -$129
HOA -$63
Property Management Fees -$99
CASH FLOW
-$172

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.

$295,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 4.5%
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-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$4,075

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,787

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,790
1$1,7902$1,7953$1,8504$1,9005$1,950
$1,950
RENT COMPS ANALYSIS
  • 1708 Hidden Springs Path Round Rock, TX 1
    • 3 beds 2 baths ∙ 1,819 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,819 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.98
    •  
  • 1813 Hidden Springs Path Round Rock, TX 2
    • 3 beds 2 baths ∙ 1,736 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,736 Sqft ∙ Built 2009
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.03
    •  
  • 1628 Hidden Springs Path Round Rock, TX 3
    • 3 beds 2 baths ∙ 1,968 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,968 Sqft ∙ Built 2006
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.94
    •  
  • 1803 Hidden Springs Path Round Rock, TX 4
    • 3 beds 2 baths ∙ 1,989 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,989 Sqft ∙ Built 2014
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.96
    •  
  • 1721 Stonehaven Lane Round Rock, TX 5
    • 3 beds 3 baths ∙ 1,952 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,952 Sqft ∙ Built 2008
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.00
    •  
PROPERTY LISTING DETAILS
Jarrod Weaver
1.512.818.1650
X3 Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 1566213
Last Updated: 12/11/2020
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