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1708 Wild Horse Lane Round Rock, TX 78681

3 Beds 2 Baths 1,750 sqft Built 1985

$310,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $177.14
  • 4 Days on Market
  • MLS # : 8056124
  • Updated Date : 01/15/2021 at 18:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,750 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Lovely 3 bedroom plus office, 2 bath single story home in Creekbend Subdivision! Bright open floor plan with granite countertops and accented backsplash in Kitchen with coffee bar nitch & large pantry! Silestone counters in bathrooms! Quiet, private backyard with large shade trees perfect for entertaining. Recent improvements include:2018: Gutters, Interior Paint and carpet, Water heater, Scrapped popcorn from ceilings. 2020:HVAC condenser,Full irrigation. 2021:Siding repair. Please note: Agent/Owner

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Creekbend

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $113k410k

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

Neighborhood: Creekbend

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800190020002100Rent in $8042157

* 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
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,077
Property Tax -$630
Property Insurance -$126
Property Management Fees -$99
CASH FLOW
-$282

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.

$310,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 9.4%
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$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

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$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,077

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$782

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,663

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6503$1,6704$1,6755$1,695
$1,695
RENT COMPS ANALYSIS
  • 1708 Wild Horse Lane Round Rock, TX 2
    • 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.94
    •  
  • 1601 White Oak Loop Round Rock, TX 1
    • 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 1985
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.94
    •  
  • 1717 Brokenshoe Drive Round Rock, TX 3
    • 3 beds 3 baths ∙ 1,759 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,759 Sqft ∙ Built 1984
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.95
    •  
  • 1800 Zimmerman Cove Round Rock, TX 4
    • 3 beds 3 baths ∙ 1,865 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,865 Sqft ∙ Built 1984
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.90
    •  
  • 1704 Brokenshoe Drive Round Rock, TX 5
    • 3 beds 3 baths ∙ 1,679 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,679 Sqft ∙ Built 1985
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.01
    •  
PROPERTY LISTING DETAILS
David Marvin
1.512.963.3076
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 8056124
Last Updated: 01/15/2021
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