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2121 Woodston Drive Round Rock, TX 78681

3 Beds 2 Baths 2,092 sqft Built 1999

$315,000

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $150.57
  • 5 Days on Market
  • MLS # : 4534295
  • Updated Date : 11/01/2020 at 23:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,092 sqft
  • Baths : 2 full
Listing Agent

Austin Life Real Estate

Listing Agent's Description

Beautiful home in Round Rock West! This single story home has an open floorplan with plenty of room for everyone. This home features a large primary bedroom with a private bathroom, two large secondary bedrooms, a flex room, an office, and a beautiful kitchen that is open to the living area. A gas fireplace gives a cozy feeling to the living area, and all rooms have natural light pouring in. Welcome home.

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

Neighborhood: Wood Glen

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $133k432k

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

Neighborhood: Wood Glen

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9972363

* 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
Old Town Elementary School Primary Regular 736 48 6
Walsh Middle School Middle Regular 1,460 92 10
Round Rock High School High Regular 2,972 195 8

Old Town Elementary School

  • Education Level: Primary
  • # of students: 736
  • # of teachers: 48
6
GreatSchools Rating

Walsh Middle School

  • Education Level: Middle
  • # of students: 1,460
  • # of teachers: 92
10
GreatSchools Rating

Round Rock High School

  • Education Level: High
  • # of students: 2,972
  • # of teachers: 195
8
GreatSchools Rating
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,162
Property Tax -$640
Property Insurance -$145
HOA -$42
Property Management Fees -$151
CASH FLOW
-$250

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.

$315,000

PROJECTED PRICE

$1,890

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 2.9%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,057

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,893

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,8903$1,9504$2,095
$2,095
RENT COMPS ANALYSIS
  • 2121 Woodston Drive Round Rock, TX 2
    • 3 beds 2 baths ∙ 2,092 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,092 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.90
    •  
  • 2104 Grove Drive Round Rock, TX 1
    • 3 beds 3 baths ∙ 1,983 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,983 Sqft ∙ Built 1996
    property image
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.86
    •  
  • 2115 Woodston Drive Round Rock, TX 3
    • 3 beds 2 baths ∙ 2,110 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,110 Sqft ∙ Built 1999
    property image
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.92
    •  
  • 2105 Woodston Drive Round Rock, TX 4
    • 3 beds 2 baths ∙ 2,139 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,139 Sqft ∙ Built 1999
    property image
    LEASED 08/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.98
    •  
PROPERTY LISTING DETAILS
Crystal Elder
1.512.983.7756
Austin Life Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 4534295
Last Updated: 11/01/2020
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