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209 Mossy Rock Drive Hutto, TX 78634

3 Beds 2 Baths 1,457 sqft Built 2007

$227,500

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $156.14
  • 2 Days on Market
  • MLS # : 1136669
  • Updated Date : 12/05/2020 at 16:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,457 sqft
  • Baths : 2 full
Listing Agent

Great Home Realty, Llc

Listing Agent's Description

Cute 3 bedroom two bath home located in quiet Creek Bend neighborhood. Open living room to kitchen with large center island. Large main bedroom with over sized walk in closet. Second and third bedrooms are separate from main bedroom. Big back yard with cute covered patio for entertaining. Easy access to 130 toll and shopping.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Zip Code: 78634

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $117k298k

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

Zip Code: 78634

ZipNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8471723

* 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
Ray Elementary School Primary Regular 770 47 7
Farley Middle School Middle Regular 682 44 6
Hutto High School High Regular 1,666 99 6

Ray Elementary School

  • Education Level: Primary
  • # of students: 770
  • # of teachers: 47
7
GreatSchools Rating

Farley Middle School

  • Education Level: Middle
  • # of students: 682
  • # of teachers: 44
6
GreatSchools Rating

Hutto High School

  • Education Level: High
  • # of students: 1,666
  • # of teachers: 99
6
GreatSchools Rating
 

$204,750$250,250$227,500

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$839
Property Tax -$533
Property Insurance -$109
HOA -$33
Property Management Fees -$99
CASH FLOW
-$193

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.

$227,500

PROJECTED PRICE

$1,420

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 6.4%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,038

INVESTMENT

$66,038

Down Payment
$56,875
Rehab Estimate
$5,750
Closing Costs
$3,413

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$839

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,875
Loan Amount $170,625
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$1,077

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,432

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,420
1$1,4202$1,4253$1,4754$1,5005$1,595
$1,595
RENT COMPS ANALYSIS
  • 209 Mossy Rock Drive Hutto, TX 1
    • 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.97
    •  
  • 430 Luna Vista Hutto, TX 2
    • 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 2016
    LEASED 01/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.97
    •  
  • 106 Adamae Lane Hutto, TX 3
    • 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 2006
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.95
    •  
  • 215 Peaceful Haven Way Hutto, TX 4
    • 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 2002
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.01
    •  
  • 100 Hersee Court Hutto, TX 5
    • 4 beds 2 baths ∙ 1,598 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,598 Sqft ∙ Built 2007
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.00
    •  
PROPERTY LISTING DETAILS
Brenda Renfrew
1.512.917.8016
Great Home Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 1136669
Last Updated: 12/05/2020
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