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191 Ghost Creek Buda, TX 78610

3 Beds 2 Baths 1,644 sqft Built 2010

$309,309

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $188.14
  • 3 Days on Market
  • MLS # : 8282900
  • Updated Date : 11/15/2020 at 05:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,644 sqft
  • Baths : 2 full
Listing Agent

Team Price Real Estate

Listing Agent's Description

The House That Started It All in Whispering Hollow!! The Originator!! This 3 bedroom WITH a study is On its own private peninsula and surrounded by landscaped HOA property. An exceptional home, the builders impeccable model, so it's upgraded to the max; including Gourmet Kitchen, Stainless Appliances, Built In Microwave, Upgraded 20" Tile Laid With Broken Joint Pattern, bay window in main bedroom en suite with, separate shower and Garden Tub, Double Vanity. Also includes Tank-Less Water Heater, Covered Back Patio, Irrigation System, 3 rooms wired for stereo AND the Hot Tub is negotiable!! Imagine soaking with a tasty beverage while enjoying the backyard sunset. This could be you every evening. Priced well considering all the features and upgrades dazzling you at every turn. Nest Thermostat, privacy shrubs, closets and ceiling fans...... oh my!! Walk to Elm Grove Elementary in under 5 minutes.....p.s......all 4 sides are stone or masonry, SOLID!! Includes Additional room that could be a study, bedroom, office.

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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

Zip Code: 78610

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280kPrice in $126k298k

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

Zip Code: 78610

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9371840

* 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
Elm Grove Elementary School Primary Regular 757 40 7
Dahlstrom Middle School Middle Regular 946 45 7
Hays High School High Regular 2,409 121 6

Elm Grove Elementary School

  • Education Level: Primary
  • # of students: 757
  • # of teachers: 40
7
GreatSchools Rating

Dahlstrom Middle School

  • Education Level: Middle
  • # of students: 946
  • # of teachers: 45
7
GreatSchools Rating

Hays High School

  • Education Level: High
  • # of students: 2,409
  • # of teachers: 121
6
GreatSchools Rating
 

$278,378$340,240$309,309

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,141
Property Tax -$669
Property Insurance -$120
HOA -$33
Property Management Fees -$146
CASH FLOW
-$280

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.

$309,309

PROJECTED PRICE

$1,830

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 4.2%
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$87,717

INVESTMENT

$87,717

Down Payment
$77,327
Rehab Estimate
$5,750
Closing Costs
$4,640

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,141

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,327
Loan Amount $231,982
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$489

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,821

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7953$1,8304$1,8505$1,925
$1,925
RENT COMPS ANALYSIS
  • 191 Ghost Creek Buda, TX 3
    • 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 2010
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $1.11
    •  
  • 471 Bayou Bend Drive Buda, TX 1
    • 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 2009
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.11
    •  
  • 170 Birdwell Ln Buda, TX 2
    • 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 2010
    property image
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.09
    •  
  • 236 Carrington Drive Buda, TX 4
    • 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 2012
    property image
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.12
    •  
  • 240 Mystic Shadow Lane Buda, TX 5
    • 3 beds 2 baths ∙ 1,727 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,727 Sqft ∙ Built 2010
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $1.11
    •  
PROPERTY LISTING DETAILS
Blake Jackson
1.512.481.2801
Team Price Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 8282900
Last Updated: 11/15/2020
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