Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1901 Nelson Ranch Loop Cedar Park, TX 78613

3 Beds 2 Baths 2,272 sqft Built 2009

$399,000

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $175.62
  • 3 Days on Market
  • MLS # : 8447102
  • Updated Date : 03/20/2021 at 16:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,272 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Beautiful home is situated on a great large corner homesite and is just down the road from Westside Elementary part of Leander ISD. Great location, spacious single story home features 3 bedrooms, 2 baths, office and children's retreat. Drapes in the Formal dining room, Family room, and blue room will stay. Large kitchen that is open to the family room and breakfast area. Walking trails throughout Westside Preserve, excellent family community swimming pool and facilities. This home is a must-see in a very popular area of Cedar Park.

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: Buttercup Creek

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $136k410k

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

Neighborhood: Buttercup Creek

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
Westside Elementary School Primary Regular 562 39 8
Henry Middle School Middle Regular 1,242 70 8
Vista Ridge High School High Regular 2,114 128 8

Westside Elementary School

  • Education Level: Primary
  • # of students: 562
  • # of teachers: 39
8
GreatSchools Rating

Henry Middle School

  • Education Level: Middle
  • # of students: 1,242
  • # of teachers: 70
8
GreatSchools Rating

Vista Ridge High School

  • Education Level: High
  • # of students: 2,114
  • # of teachers: 128
8
GreatSchools Rating
 

$359,100$438,900$399,000

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,386
Property Tax -$878
Property Insurance -$155
HOA -$30
Property Management Fees -$99
CASH FLOW
-$438

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.

$399,000

PROJECTED PRICE

$2,110

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 6.2%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,386

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$200

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,124

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,1003$2,1104$2,1505$2,400
$2,400
RENT COMPS ANALYSIS
  • 1901 Nelson Ranch Loop Cedar Park, TX 3
    • 3 beds 2 baths ∙ 2,272 Sqft ∙ Built 2009 3 beds 2 baths ∙ 2,272 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $0.93
    •  
  • 1800 Nelson Ranch Loop Cedar Park, TX 1
    • 3 beds 2 baths ∙ 2,323 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,323 Sqft ∙ Built 2001
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.86
    •  
  • 1109 Del Roy Drive Cedar Park, TX 2
    • 3 beds 2 baths ∙ 2,178 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,178 Sqft ∙ Built 2000
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.96
    •  
  • 812 Zappa Drive Cedar Park, TX 4
    • 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 2005
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.87
    •  
  • 2114 Burnie Bishop Place Cedar Park, TX 5
    • 3 beds 2 baths ∙ 2,293 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,293 Sqft ∙ Built 2003
    LEASED 02/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.05
    •  
PROPERTY LISTING DETAILS
Richard Hayden
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 8447102
Last Updated: 03/20/2021
BESbswy