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213 Hendelson Lane Hutto, TX 78634

3 Beds 2 Baths 2,012 sqft Built 2012

$340,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $168.99
  • 4 Days on Market
  • MLS # : 9692978
  • Updated Date : 01/30/2021 at 17:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,012 sqft
  • Baths : 2 full
Listing Agent

Jp And Associates Realtors

Listing Agent's Description

STUNNING Open Floor Plan Home that has been beautifully updated to include wood accents throughout and custom floors. This IMMACULATE 3 Bed/2 Bath home with a spacious primary bedroom and oversized master closet boosts PRIDE IN OWNERSHIP. Phenomenal office for those needing to work from home. Entertain in your gourmet kitchen with granite countertops and center island complete with Stainless Steel appliances that opens up to the family room. Finally, enjoy Texas weather's with the OVERSIZED backyard patio and elevated garden boxes! Located less than 2 miles from State Highway 130 that leads direct to Tesla's newest factory and less than 2 miles from Hutto's up and coming "Co-Op District," development complete with shopping, entertainment, hotels and restaurants, places 213 Hendelson in an incredibly desirable location!

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: 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
Hutto Elementary School Primary Regular 644 40 7
Hutto High School High Regular 1,666 99 6

Hutto Elementary School

  • Education Level: Primary
  • # of students: 644
  • # of teachers: 40
7
GreatSchools Rating

Hutto High School

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

$306,000$374,000$340,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,181
Property Tax -$691
Property Insurance -$140
HOA -$21
Property Management Fees -$99
CASH FLOW
-$362

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.

$340,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.52%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$280

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,911

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7703$1,7754$1,8005$1,800
$1,800
RENT COMPS ANALYSIS
  • 213 Hendelson Lane Hutto, TX 2
    • 3 beds 2 baths ∙ 2,012 Sqft ∙ Built 2012 3 beds 2 baths ∙ 2,012 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.88
    •  
  • 110 Marimoor Dr Hutto, TX 1
    • 4 beds 2 baths ∙ 1,863 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,863 Sqft ∙ Built 2020
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.94
    •  
  • 303 Hibiscus Drive Hutto, TX 3
    • 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 2016
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.96
    •  
  • 211 Colthorpe Lane Hutto, TX 4
    • 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 2019
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.95
    •  
  • 211 Colthorpe Ln Hutto, TX 5
    • 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 2019
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.95
    •  
PROPERTY LISTING DETAILS
Danielle Fountain
1.214.802.7992
Jp And Associates Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 9692978
Last Updated: 01/30/2021
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