Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

217 Hendelson Lane Hutto, TX 78634

3 Beds 2 Baths 1,671 sqft Built 2009

$250,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $149.61
  • 6 Days on Market
  • MLS # : 3648663
  • Updated Date : 12/05/2020 at 18:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,671 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Welcome to this charming home in Hutto, Texas! Great curb appeal with upgraded and detailed landscaping in the front and backyard! Easy access to 130 & 45 tolls. Only 30 miles to downtown Austin! There are tile floors and high ceilings throughout the home. The living room flows into the kitchen and dining space. Large kitchen with a breakfast bar, loads of storage and plenty of counter space. Spacious primary bedroom and bathroom which includes a walk in shower, soaking tub and double vanity. 2 additional bedrooms on the opposite side of the house with their own bathroom. The backyard has a covered patio for those hot days and ample space for your outdoor activities. Great for entertaining! This home has been The backyard has a covered patio for those hot days and ample space for your outdoor activities. Great for entertaining! This home has been well maintained and is move in ready! Too many extras to list but here is a start: brand new a/c unit, 1.5 year kitchen appliances, 1.5 year interior and exterior paint and gutters, new backyard fencing, new garage door plus opener, new fans, lights and awnings, California cabinets, custom blinds and curtains, outdoor lighting in the landscaping, extra electrical outlets outside, automatic lawn sprinklers, bay window in master bedroom, roof inspection done less than 1 year ago and custom cabinets in garage. This home is a MUST SEE!!

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
Hutto Elementary School Primary Regular 644 40 7
Hutto Middle School Middle Regular 708 46 6
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 Middle School

  • Education Level: Middle
  • # of students: 708
  • # of teachers: 46
6
GreatSchools Rating

Hutto High School

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

$225,000$275,000$250,000

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 -$922
Property Tax -$586
Property Insurance -$121
HOA -$20
Property Management Fees -$99
CASH FLOW
-$98

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.

$250,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.66%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$5,485

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
  • $0.99

    LIST RENT PER SQFT
  • $1,663

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6953$1,7504$1,7755$1,850
$1,850
RENT COMPS ANALYSIS
  • 217 Hendelson Lane Hutto, TX 1
    • 3 beds 2 baths ∙ 1,671 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,671 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.99
    •  
  • 405 Baxendale Street Hutto, TX 2
    • 4 beds 2 baths ∙ 1,671 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,671 Sqft ∙ Built 2020
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.01
    •  
  • 117 Colthorpe Lane Hutto, TX 3
    • 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 2012
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.01
    •  
  • 303 Hibiscus Dr Hutto, TX 4
    • 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
    •  
  • 100 Colthorpe Hutto, TX 5
    • 4 beds 2 baths ∙ 1,849 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,849 Sqft ∙ Built 2013
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.00
    •  
PROPERTY LISTING DETAILS
Andi May
1.512.720.2400
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 3648663
Last Updated: 12/05/2020
BESbswy