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2114 Zephyr Lane Round Rock, TX 78664

3 Beds 3 Baths 1,328 sqft Built 1985

$195,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $146.84
  • 3 Days on Market
  • MLS # : 6639594
  • Updated Date : 12/04/2020 at 21:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,328 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Cute house in Round Rock, Windy Terrace neighborhood. Home has some updates throughout including updated wood laminate flooring, fixtures, fans, recent paint. Grey & white color scheme in living, kitchen & throughout. Stainless appliances in the kitchen. Open floor plan, great location in the RR area with easy access to major shopping & hotspots. Please note seller provided engineer report for foundation work to be done by buyer (see attached documentation) House has not been occupied by owner and buyer to verify condition. FEMA Unknown. Easy to show. All offers received will be presented Monday Dec 7th.

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

Neighborhood: Windy Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $102k298k

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

Neighborhood: Windy Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500160017001800Rent in $7681828

* 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
Xenia Voigt Elementary School Primary Regular 578 44 3
C.d. Fulkes Middle School Middle Regular 757 61 4
Cedar Ridge High School High Regular 2,718 178 7

Xenia Voigt Elementary School

  • Education Level: Primary
  • # of students: 578
  • # of teachers: 44
3
GreatSchools Rating

C.d. Fulkes Middle School

  • Education Level: Middle
  • # of students: 757
  • # of teachers: 61
4
GreatSchools Rating

Cedar Ridge High School

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

$175,500$214,500$195,000

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$719
Property Tax -$396
Property Insurance -$102
Property Management Fees -$99
CASH FLOW
$233

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$195,000

PROJECTED PRICE

$1,550

PROJECTED RENT

0.79%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 7.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.13%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$57,425

INVESTMENT

$57,425

Down Payment
$48,750
Rehab Estimate
$5,750
Closing Costs
$2,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$719

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $48,750
Loan Amount $146,250
See What Happens When You Reinvest Cash Flow

10.58

YEARS SAVED

$35,217

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $1,554

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5503$1,5984$1,5995$1,650
$1,650
RENT COMPS ANALYSIS
  • 2114 Zephyr Lane Round Rock, TX 2
    • 3 beds 3 baths ∙ 1,328 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,328 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.17
    •  
  • 2116 Zephyr Lane Round Rock, TX 1
    • 3 beds 2 baths ∙ 1,208 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,208 Sqft ∙ Built 1985
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.20
    •  
  • 2004 Windsong Trail Round Rock, TX 3
    • 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1987
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,598
    • $1.21
    •  
  • 1903 Zephyr Ln Round Rock, TX 4
    • 3 beds 2 baths ∙ 1,355 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,355 Sqft ∙ Built 2002
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $1.18
    •  
  • 2302 Windrift Way Round Rock, TX 5
    • 4 beds 2 baths ∙ 1,510 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,510 Sqft ∙ Built 1984
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.09
    •  
PROPERTY LISTING DETAILS
Kristen Williams
1.512.699.2984
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 6639594
Last Updated: 12/04/2020
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