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1804 Stagecoach Trail Round Rock, TX 78681

3 Beds 2 Baths 1,625 sqft Built 1984

$289,900

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
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

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: The Hermitage

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $116k298k

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

Neighborhood: The Hermitage

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8041828

* 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
 

$260,910$318,890$289,900

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 -$1,070
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

ASSUMPTIONS

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
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

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$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

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
$1,500
1$1,5002$1,6503$1,6504$1,6955$1,975
$1,975
RENT COMPS ANALYSIS
  • 1804 Stagecoach Trail Round Rock, TX 3
    • 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.02
    •  
  • 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
    •  
  • 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
Kasey Jorgenson
1.512.439.3698
Keller Williams Realty-rr (wc)
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 8763313
Last Updated: 11/19/2020
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