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208 Euclid Lane Uhland, TX 78640

3 Beds 3 Baths 1,696 sqft Built 2020

$241,990

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $142.68
  • 3 Days on Market
  • MLS # : 7757509
  • Updated Date : 11/06/2020 at 21:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,696 sqft
  • Baths : 2 full , 1 half
Listing Agent

D.r. Horton, America's Builder

Listing Agent's Description

UNDER CONSTRUCTION - EST. COMPLETION IN DEC 2020. New Construction Emma Plan-The Emma has a quaint covered front porch that enters into a foyer area with a window and coat closet. The hallway has a half bath and ushers into a spacious living and island kitchen area. The upstairs loft, primary and two additional bedrooms are spacious and well-designed. The backyard covered porch will allow for hours of relaxation and backyard fun. Home Is Connected smart home technology package included. This home is near walking path that leads to the green belt. The Mill Creek Community is only six miles from IH-35. Estimated completion January 2021. Low tax rate and USDA eligible.

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

Zip Code: 78640

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $116k298k

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

Zip Code: 78640

ZipNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7011723

* 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
Hemphill Elementary School Primary Regular 833 54 2
Simon Middle School Middle Regular 615 44 3
Lehman High School High Regular 2,303 116 4

Hemphill Elementary School

  • Education Level: Primary
  • # of students: 833
  • # of teachers: 54
2
GreatSchools Rating

Simon Middle School

  • Education Level: Middle
  • # of students: 615
  • # of teachers: 44
3
GreatSchools Rating

Lehman High School

  • Education Level: High
  • # of students: 2,303
  • # of teachers: 116
4
GreatSchools Rating
 

$217,791$266,189$241,990

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 -$893
Property Tax -$557
Property Insurance -$123
HOA -$30
Property Management Fees -$138
CASH FLOW
-$20

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$241,990

PROJECTED PRICE

$1,720

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 6.3%
Maintenance Year (1-5) 3.00%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$66,127

INVESTMENT

$66,127

Down Payment
$60,498
Rehab Estimate
$2,000
Closing Costs
$3,630

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$893

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $60,498
Loan Amount $181,493
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$8,386

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
  • $1.01

    LIST RENT PER SQFT
  • $1,730

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,6753$1,7204$1,7505$1,800
$1,800
RENT COMPS ANALYSIS
  • 208 Euclid Lane Uhland, TX 3
    • 3 beds 3 baths ∙ 1,696 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,696 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $1.01
    •  
  • 181 Beech Drive Kyle, TX 1
    • 3 beds 3 baths ∙ 1,483 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,483 Sqft ∙ Built 2004
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.98
    •  
  • 534 Apricot Dr Kyle, TX 2
    • 3 beds 2 baths ∙ 1,690 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,690 Sqft ∙ Built 2009
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.99
    •  
  • 791 New Bridge Drive Kyle, TX 4
    • 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 2006
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.04
    •  
  • 770 New Bridge Drive Kyle, TX 5
    • 4 beds 2 baths ∙ 1,690 Sqft ∙ Built 2009 4 beds 2 baths ∙ 1,690 Sqft ∙ Built 2009
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.07
    •  
PROPERTY LISTING DETAILS
Dave Clinton
1.512.270.6196
D.r. Horton, America's Builder
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 7757509
Last Updated: 11/06/2020
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