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1805 Buckeye Lane Round Rock, TX 78664

3 Beds 2 Baths 1,415 sqft Built 1987

$235,000

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $166.08
  • 4 Days on Market
  • MLS # : 3748074
  • Updated Date : 01/30/2021 at 20:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,415 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Fabulous well-maintained home in a great Round Rock location, near Stony Point HS. Spacious living area featuring high ceilings, cozy corner fireplace & laminate flooring. Large eat-in kitchen; tons of cabinet space & refrigerator included! Office/Flex Room in garage can easily be converted back! Window seats in bedrooms & walk-in closets. Lots of shade trees around the home help keep energy costs low & allow you to enjoy relaxing outdoors.

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

Neighborhood: Meadows at Chandler Creek

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k298k

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

Neighborhood: Meadows at Chandler Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8781828

* 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
Double File Trail Elementary School Primary Regular 664 46 6
Hernandez Middle School Middle Regular 831 66 4
Stony Point High School High Regular 2,463 173 6

Double File Trail Elementary School

  • Education Level: Primary
  • # of students: 664
  • # of teachers: 46
6
GreatSchools Rating

Hernandez Middle School

  • Education Level: Middle
  • # of students: 831
  • # of teachers: 66
4
GreatSchools Rating

Stony Point High School

  • Education Level: High
  • # of students: 2,463
  • # of teachers: 173
6
GreatSchools Rating
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$816
Property Tax -$463
Property Insurance -$107
HOA -$25
Property Management Fees -$99
CASH FLOW
$130

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.

$235,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 6.8%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$816

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$20,652

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $1,634

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$1,475
1$1,4752$1,4953$1,4954$1,5005$1,640
$1,640
RENT COMPS ANALYSIS
  • 1805 Buckeye Lane Round Rock, TX 5
    • 3 beds 2 baths ∙ 1,415 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,415 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $1.16
    •  
  • 1704 Laurel Path Round Rock, TX 1
    • 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 1987
    property image
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.16
    •  
  • 1702 Laurel Path Round Rock, TX 2
    • 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 2001
    property image
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.10
    •  
  • 1501 Lantana Drive Round Rock, TX 3
    • 3 beds 2 baths ∙ 1,270 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,270 Sqft ∙ Built 1987
    property image
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.18
    •  
  • 1710 Honeysuckle Round Rock, TX 4
    • 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 1986
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.18
    •  
PROPERTY LISTING DETAILS
Kimberly Perez
1.512.535.8444
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 3748074
Last Updated: 01/30/2021
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