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216 Wild Cat Drive Bastrop, TX 78602

4 Beds 3 Baths 1,936 sqft Built 2012

$259,900

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $134.25
  • 2 Days on Market
  • MLS # : 2269694
  • Updated Date : 01/24/2021 at 01:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,936 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Bastrop Area

Listing Agent's Description

Live the easy life in this charming two-story home situated on a large lot in Hunter’s Crossing. Entertaining is a delight in this light and bright space accentuated with tile and wood-like floors. Front and back doors have storm doors. Downstairs is welcoming with its open concept living and dining space, which connect to the kitchen featuring beautiful espresso cabinetry and a large pantry. The large laundry room has a half bath. Retreat upstairs to your private get away where you will find a second living room, large master suite, 3 additional bedrooms and bathroom. Sprinkler system in place. Enjoy the benefits of master planned living including a junior Olympic pool with dressing and restroom facilities, pavilion, playscapes, fishing ponds, ball fields, basketball court and miles of hike and bike trails. All this with the convenience of shopping and restaurants just down the road.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Hunters Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $106k298k

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

Neighborhood: Hunters Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7131723

* 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
Mina Elementary School Primary Regular 592 39 5
Bastrop Middle School Middle Regular 707 48 4
Bastrop High School High Regular 1,253 87 4

Mina Elementary School

  • Education Level: Primary
  • # of students: 592
  • # of teachers: 39
5
GreatSchools Rating

Bastrop Middle School

  • Education Level: Middle
  • # of students: 707
  • # of teachers: 48
4
GreatSchools Rating

Bastrop High School

  • Education Level: High
  • # of students: 1,253
  • # of teachers: 87
4
GreatSchools Rating
 

$233,910$285,890$259,900

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$903
Property Tax -$442
Property Insurance -$136
HOA -$24
Property Management Fees -$99
CASH FLOW
$46

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.

$259,900

PROJECTED PRICE

$1,650

PROJECTED RENT

0.63%

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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$16,070

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,641

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6503$1,6504$1,6505$1,750
$1,750
RENT COMPS ANALYSIS
  • 216 Wild Cat Drive Bastrop, TX 4
    • 4 beds 3 baths ∙ 1,936 Sqft ∙ Built 2012 4 beds 3 baths ∙ 1,936 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.85
    •  
  • 109 Remington Run Bastrop, TX 1
    • 4 beds 2 baths ∙ 1,974 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,974 Sqft ∙ Built 2004
    LEASED 09/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.79
    •  
  • 304 Pack Horse Drive Bastrop, TX 2
    • 4 beds 3 baths ∙ 1,956 Sqft ∙ Built 2014 4 beds 3 baths ∙ 1,956 Sqft ∙ Built 2014
    LEASED 01/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.84
    •  
  • 307 Wild Cat Dr Bastrop, TX 3
    • 3 beds 3 baths ∙ 1,838 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,838 Sqft ∙ Built 2014
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.90
    •  
  • 101 Bowstring Bend Bastrop, TX 5
    • 4 beds 2 baths ∙ 2,044 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,044 Sqft ∙ Built 2004
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.86
    •  
PROPERTY LISTING DETAILS
Jeffrey Estes
1.325.669.9021
Re/max Bastrop Area
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 2269694
Last Updated: 01/24/2021
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