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1801 Apache Trail Round Rock, TX 78665

3 Beds 2 Baths 1,897 sqft Built 1997

$280,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $147.60
  • 4 Days on Market
  • MLS # : 6199511
  • Updated Date : 02/06/2021 at 01:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,897 sqft
  • Baths : 2 full
Listing Agent

Pure Realty

Listing Agent's Description

Stunning one story home located in the heart of Round Rock is officially available. With three bedrooms, two bathrooms, two dining areas, a large kitchen with plenty of counter space and stainless steel appliances, and large extended back patio, this home has it all and is move-in ready. Featuring dark laminate wood floors, gorgeous wood burning fireplace, and amazing natural light throughout.

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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: Round Rock Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $116k410k

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

Neighborhood: Round Rock Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9942157

* 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
Gattis Elementary School Primary Regular 791 55 6
Ridgeview Middle School Middle Regular 1,374 89 9
Cedar Ridge High School High Regular 2,718 178 7

Gattis Elementary School

  • Education Level: Primary
  • # of students: 791
  • # of teachers: 55
6
GreatSchools Rating

Ridgeview Middle School

  • Education Level: Middle
  • # of students: 1,374
  • # of teachers: 89
9
GreatSchools Rating

Cedar Ridge High School

  • Education Level: High
  • # of students: 2,718
  • # of teachers: 178
7
GreatSchools Rating
 

$252,000$308,000$280,000

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 -$973
Property Tax -$569
Property Insurance -$134
HOA -$35
Property Management Fees -$99
CASH FLOW
-$160

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.

$280,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 6.7%
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$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$973

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$2,773

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
  • $0.87

    LIST RENT PER SQFT
  • $1,774

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7253$1,7504$1,7505$1,895
$1,895
RENT COMPS ANALYSIS
  • 1801 Apache Trail Round Rock, TX 1
    • 3 beds 2 baths ∙ 1,897 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,897 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.87
    •  
  • 1313 Clary Sage Loop Round Rock, TX 2
    • 3 beds 2 baths ∙ 1,826 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,826 Sqft ∙ Built 2007
    property image
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.94
    •  
  • 1503 Plume Grass Place Round Rock, TX 3
    • 3 beds 3 baths ∙ 1,802 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,802 Sqft ∙ Built 2003
    property image
    LEASED 01/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.97
    •  
  • 1816 Briarton Lane N Round Rock, TX 4
    • 3 beds 2 baths ∙ 1,948 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,948 Sqft ∙ Built 2001
    property image
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.90
    •  
  • 1529 Clary Sage Loop Round Rock, TX 5
    • 3 beds 2 baths ∙ 2,045 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,045 Sqft ∙ Built 2006
    property image
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.93
    •  
PROPERTY LISTING DETAILS
Rebekah Cummings
Pure Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 6199511
Last Updated: 02/06/2021
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