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1910 Hawksbury Way Cedar Park, TX 78613

4 Beds 2 Baths 1,849 sqft Built 1998

$199,999

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $108.17
  • 2 Days on Market
  • MLS # : 7785494
  • Updated Date : 03/06/2021 at 17:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,849 sqft
  • Baths : 2 full
Listing Agent

Pure Realty

Listing Agent's Description

Hard to find single story home with four bedrooms in the coveted Carriage Hills neighborhood in Cedar Park. Hurry this will not last long! This home features a formal dining room, eat in kitchen, the kitchen is open to the living room which has a gas fireplace. The laundry room is off of the hallway, 2 car attached garage, ensuite master bathroom, full size guest bathroom. Large covered back patio with ceiling fans. Great location and award winning LISD schools!

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: Carriage Hills

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300kPrice in $126k316k

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

Neighborhood: Carriage Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9361992

* 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
Mason Elementary School Primary Regular 645 47 5
Running Brushy Middle School Middle Regular 1,282 80 6
Leander High School High Regular 2,090 135 7

Mason Elementary School

  • Education Level: Primary
  • # of students: 645
  • # of teachers: 47
5
GreatSchools Rating

Running Brushy Middle School

  • Education Level: Middle
  • # of students: 1,282
  • # of teachers: 80
6
GreatSchools Rating

Leander High School

  • Education Level: High
  • # of students: 2,090
  • # of teachers: 135
7
GreatSchools Rating
 

$179,999$219,999$199,999

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$695
Property Tax -$527
Property Insurance -$131
HOA -$10
Property Management Fees -$99
CASH FLOW
$198

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.

$199,999

PROJECTED PRICE

$1,660

PROJECTED RENT

0.83%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 7.0%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,750

INVESTMENT

$58,750

Down Payment
$50,000
Rehab Estimate
$5,750
Closing Costs
$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$695

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $50,000
Loan Amount $149,999
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$23,354

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,775

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,6503$1,6604$1,7005$1,750
$1,750
RENT COMPS ANALYSIS
  • 1910 Hawksbury Way Cedar Park, TX 3
    • 4 beds 2 baths ∙ 1,849 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,849 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.90
    •  
  • 1816 Lloydminister Way Cedar Park, TX 1
    • 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 1999
    property image
    LEASED 01/30/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.96
    •  
  • 1708 Carriage Hills Trail Cedar Park, TX 2
    • 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 1999
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.98
    •  
  • 1811 Lloydminister Way Cedar Park, TX 4
    • 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 1999
    property image
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.99
    •  
  • 2017 Parksville Way Cedar Park, TX 5
    • 4 beds 2 baths ∙ 1,919 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,919 Sqft ∙ Built 1998
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.91
    •  
PROPERTY LISTING DETAILS
Amanda Contreras
Pure Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 7785494
Last Updated: 03/06/2021
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