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2005 Hat Bender Loop Round Rock, TX 78664

3 Beds 3 Baths 1,808 sqft Built 2018

$289,990

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $160.39
  • 3 Days on Market
  • MLS # : 2097701
  • Updated Date : 12/20/2020 at 05:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,808 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dash Realty

Listing Agent's Description

Come home to this charming 3 bedrooms / 2 1/2 baths / two story home with stainless steel appliances. This home is conveniently located in the Northfields community near Dell Diamond, Forest Creek Golf Club, Kalahari Waterpark, and the Round Rock Premium Outlets for endless entertainment.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Round Rock

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $127k410k

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

Neighborhood: Round Rock

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
Gattis Elementary School Primary Regular 791 55 6
Ridgeview Middle School Middle Regular 1,374 89 9
Cedar Ridge High School High Regular 2,718 178 7

Gattis Elementary School

  • Education Level: Primary
  • # of students: 791
  • # of teachers: 55
6
GreatSchools Rating

Ridgeview Middle School

  • Education Level: Middle
  • # of students: 1,374
  • # of teachers: 89
9
GreatSchools Rating

Cedar Ridge High School

  • Education Level: High
  • # of students: 2,718
  • # of teachers: 178
7
GreatSchools Rating
 

$260,991$318,989$289,990

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,070
Property Tax -$590
Property Insurance -$129
HOA -$42
Property Management Fees -$99
CASH FLOW
-$209

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.

$289,990

PROJECTED PRICE

$1,720

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 6.8%
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$800k$900k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,597

INVESTMENT

$82,597

Down Payment
$72,498
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,498
Loan Amount $217,493
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,569

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,718

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,720
1$1,7202$1,7253$1,7954$1,950
$1,950
RENT COMPS ANALYSIS
  • 2005 Hat Bender Loop Round Rock, TX 1
    • 3 beds 3 baths ∙ 1,808 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,808 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.95
    •  
  • 2905 Barbed Wire St Round Rock, TX 2
    • 3 beds 3 baths ∙ 1,804 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,804 Sqft ∙ Built 2018
    property image
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.96
    •  
  • 2933 Harvester Ln Round Rock, TX 3
    • 3 beds 3 baths ∙ 1,970 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,970 Sqft ∙ Built 2017
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.91
    •  
  • 2504 Hat Bender Loop Round Rock, TX 4
    • 3 beds 2 baths ∙ 1,905 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,905 Sqft ∙ Built 2018
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.02
    •  
PROPERTY LISTING DETAILS
Debbie Tran
1.512.698.0133
Dash Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 2097701
Last Updated: 12/20/2020
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