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176 Limerick Road Buda, TX 78610

4 Beds 2 Baths 1,680 sqft Built 2017

$269,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $160.12
  • 4 Days on Market
  • MLS # : 1131146
  • Updated Date : 01/29/2021 at 15:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,680 sqft
  • Baths : 2 full
Listing Agent

Realty Austin

Listing Agent's Description

You will immediately fall in love with this charming 1-story home in Shadow Creek! The spacious, open concept floor plan will be the center of many fun get-togethers with family and friends with a seamless flow from the living into the kitchen and dining. Wood look luxury vinyl flooring spans throughout the common areas, making clean up easy. Prepare to be impressed by the beautiful kitchen that features dual colored cabinetry, granite countertops, stainless appliances and subway tile backsplash. The owner's room provides a comfortable retreat for you at the end of a long day and has an ensuite bath and walk-in closet. 3 wonderful guest bedrooms, or 2 rooms and a study, that you can personalize to make your own. Relax and alfresco dine on the extended back patio while enjoying the many fun times in your private backyard. Zoned for highly rated schools and only minutes from I35!

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

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
Ralph Pfluger Elementary School Primary Regular 655 40 8
Mccormick Middle School Middle Regular NA
Hays High School High Regular 2,409 121 6

Ralph Pfluger Elementary School

  • Education Level: Primary
  • # of students: 655
  • # of teachers: 40
8
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
 

$242,100$295,900$269,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$934
Property Tax -$706
Property Insurance -$122
HOA -$33
Property Management Fees -$99
CASH FLOW
-$185

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.

$269,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.64%

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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,035

INVESTMENT

$77,035

Down Payment
$67,250
Rehab Estimate
$5,750
Closing Costs
$4,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$934

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,250
Loan Amount $201,750
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$1,327

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,730

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7103$1,7504$1,7505$1,800
$1,800
RENT COMPS ANALYSIS
  • 176 Limerick Road Buda, TX 2
    • 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $1.02
    •  
  • 224 Wapiti Road Buda, TX 1
    • 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 2017
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.98
    •  
  • 162 Wapiti Road Buda, TX 3
    • 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 2018
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.04
    •  
  • 398 Wapiti Road Buda, TX 4
    • 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 2017
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.04
    •  
  • 240 Noddy Road Buda, TX 5
    • 4 beds 2 baths ∙ 1,693 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,693 Sqft ∙ Built 2016
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.06
    •  
PROPERTY LISTING DETAILS
Darcy Newton
1.512.997.8886
Realty Austin
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 1131146
Last Updated: 01/29/2021
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