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174 Breccia Cv Buda, TX 78610

4 Beds 3 Baths 2,423 sqft Built 2008

INVESTimate

$275,000

List Price

$1,900

$1,710 - $2,090

Rent Est.

$286,578  ( +4.21%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 2008
  • Price/Sqft : $113.50
  • 8 Days on Market
  • MLS # : 1305761
  • Updated Date : 08/20/2020 at 13:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,423 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Green-mills

Listing Agent's Description

Lovely 2 story, 4BR/3BA home in Stonefield sub. on a cul-d-sac with a privacy fenced backyard. 2423 SF per HCAD, 1 bedroom and 1 bath downstairs. Two dining areas, formal dining could be used as an office. Large living rooms on both floors with abundant natural lighting. Spacious master suite on 2nd floor, double vanity and walk in closet. Community pool, playground, walking trails and dog park for year round enjoyment. In Buda, TX, close to large hospital, great shopping, convenient to Austin and ABIA.

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
Tom Green Elementary School Primary Regular 607 44 3
Mccormick Middle School Middle Regular NA
Hays High School High Regular 2,409 121 6

Tom Green Elementary School

  • Education Level: Primary
  • # of students: 607
  • # of teachers: 44
3
GreatSchools Rating

Mccormick Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Hays High School

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

$247,500$302,500$275,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,015
Property Tax -$716
Property Insurance -$163
HOA -$60
Property Management Fees -$152
CASH FLOW
-$206

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.

$275,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 4.21%
Maintenance Year (1-5) 8.00%
Vacancy 6.72%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$620

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,011

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9003$1,9904$2,0955$2,100
$2,100
RENT COMPS ANALYSIS
  • 174 Breccia Cv Buda, 2
    • 4 beds 3 baths ∙ 2,423 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,423 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.78
    •  
  • 1661 Stone Rim Loop Buda, 1
    • 3 beds 3 baths ∙ 2,332 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,332 Sqft ∙ Built 2006
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.81
    •  
  • 188 Shale Cir Buda, 3
    • 5 beds 3 baths ∙ 2,330 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,330 Sqft ∙ Built 2016
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.85
    •  
  • 319 Andesite Trl Buda, 4
    • 4 beds 3 baths ∙ 2,521 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,521 Sqft ∙ Built 2019
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.83
    •  
  • 161 Andesite Trl Buda, 5
    • 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 2019
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.83
    •  
PROPERTY LISTING DETAILS
Tammy Reed
1.512.754.4656
Coldwell Banker Green-mills
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 1305761
Last Updated: 08/20/2020
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