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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $178.40
- 4 Days on Market
- MLS # : 8763313
- Updated Date : 11/19/2020 at 21:50
CONSTRUCTION
- Beds : 3
- Floor Size : 1,625 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty-rr (wc)
Listing Agent's Description
What a rare find! This one story home located on an oversized cul-de-sac lot in the charming Hermitage neighborhood offers a 2 car attached garage, and an additional 3rd detached mechanic's garage complete with an engine hoist and cabinetry for storage. Inside, you'll find all tile and laminate wood flooring throughout (no carpet), skylights in the kitchen, living room, and master bathroom, gorgeous wood beams, vaulted ceilings, and upgrades including concrete countertops and marble backsplash in the kitchen, and recent updated tile surround and flooring in the master bath. Outside is a true backyard oasis shaded by plentiful trees and an impressive flagstone covered patio - the perfect spot for entertaining. Best of all, NO HOA and zoned to sought after RRISD schools! This one won't last long, so book your showing today!
SEE MORE
- 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: The Hermitage
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Hermitage
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,650 |
| EXPENSES | Loan Payment | -$1,070 |
| Property Tax | -$589 | |
| Property Insurance | -$119 | |
| Property Management Fees | -$132 | |
|
CASH FLOW
-$260
|
||
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.
$289,900
PROJECTED PRICE
$1,650
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 6.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.72% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$82,574
LOAN DETAILS
$1,070
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $72,475 |
| Loan Amount | $217,425 |
0.5
YEARS SAVED
$601
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 -
$1.02
LIST RENT PER SQFT
-
$1,649
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
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1804 Stagecoach Trail Round Rock, TX 3
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- Rent Per SQFT
- $1,650
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1413 Hollow Tree Round Rock, TX 1
- 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 1995
LEASED 07/11/20- Rent
- Rent Per SQFT
- $1,500
- $0.99
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1807 Overcup Drive Round Rock, TX 2
- 3 beds 2 baths ∙ 1,671 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,671 Sqft ∙ Built 1993
LEASED 10/07/20- Rent
- Rent Per SQFT
- $1,650
- $0.99
-
1917 White Oak Circle Round Rock, TX 4
- 3 beds 3 baths ∙ 1,708 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,708 Sqft ∙ Built 1996
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,695
- $0.99
-
1709 Hermitage Drive Round Rock, TX 5
- 3 beds 3 baths ∙ 1,816 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,816 Sqft ∙ Built 1984
LEASED 09/17/20- Rent
- Rent Per SQFT
- $1,975
- $1.09
PROPERTY LISTING DETAILS
1.512.439.3698
Keller Williams Realty-rr (wc)
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 8763313
Last Updated: 11/19/2020
