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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 78634
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$72,000
LOAN DETAILS
$922
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $62,500 |
| Loan Amount | $187,500 |
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
-
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
1.512.720.2400
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 3648663
Last Updated: 12/05/2020
