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1810 White Oak Loop Round Rock, TX 78681

3 Beds 2 Baths 1,497 sqft Built 1992

$245,000

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $163.66
  • 2 Days on Market
  • MLS # : 8718389
  • Updated Date : 12/12/2020 at 22:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,497 sqft
  • Baths : 2 full
Listing Agent

Culhane Premier Properties

Listing Agent's Description

Well taken care of home. Roof recently replaced. Home needs some updating but has great bones and will make wonderful home for a family or your next investment property. All offers will be reviewed on Wednesday 12/16 after 5pm.

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: The Woods

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $133k410k

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

Neighborhood: The Woods

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9972157

* 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
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$904
Property Tax -$498
Property Insurance -$111
HOA -$30
Property Management Fees -$99
CASH FLOW
-$172

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.

$245,000

PROJECTED PRICE

$1,470

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 5.0%
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

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$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$904

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$2,413

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,478

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,470
1$1,4702$1,5503$1,5754$1,6505$1,695
$1,695
RENT COMPS ANALYSIS
  • 1810 White Oak Loop Round Rock, TX 1
    • 3 beds 2 baths ∙ 1,497 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,497 Sqft ∙ Built 1992
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.98
    •  
  • 1815 White Oak Loop Round Rock, TX 2
    • 3 beds 3 baths ∙ 1,594 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,594 Sqft ∙ Built 1996
    property image
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.97
    •  
  • 1518 White Oak Loop Round Rock, TX 3
    • 3 beds 3 baths ∙ 1,602 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,602 Sqft ∙ Built 1985
    property image
    LEASED 11/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.98
    •  
  • 1807 Overcup Drive Round Rock, TX 4
    • 3 beds 2 baths ∙ 1,671 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,671 Sqft ∙ Built 1993
    property image
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.99
    •  
  • 1704 Brokenshoe Drive Round Rock, TX 5
    • 3 beds 3 baths ∙ 1,679 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,679 Sqft ∙ Built 1985
    property image
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.01
    •  
PROPERTY LISTING DETAILS
Barry Mott
1.512.797.0501
Culhane Premier Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 8718389
Last Updated: 12/12/2020
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