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218 Grand Isle Drive Round Rock, TX 78665

3 Beds 2 Baths 1,690 sqft Built 2002

$252,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $149.11
  • 3 Days on Market
  • MLS # : 2044665
  • Updated Date : 11/28/2020 at 15:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,690 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty-rr (wc)

Listing Agent's Description

Welcome home! Quaint 3 bed 2 bathroom home in the heart of Chandler Creek. This home has it all! Great engineered wood floors in living room, primary bedroom and dining room. Tile floors in bathrooms, kitchen and breakfast nook. The backyard boasts an extended patio and a great place to put a hanging swing. There is also a shed for extra storage. All appliances convey. Make an appointment! This won't last long!!

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: Villages of Chandler Creek

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $128k410k

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

Neighborhood: Villages of Chandler Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9932157

* 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
Double File Trail Elementary School Primary Regular 664 46 6
Hernandez Middle School Middle Regular 831 66 4
Stony Point High School High Regular 2,463 173 6

Double File Trail Elementary School

  • Education Level: Primary
  • # of students: 664
  • # of teachers: 46
6
GreatSchools Rating

Hernandez Middle School

  • Education Level: Middle
  • # of students: 831
  • # of teachers: 66
4
GreatSchools Rating

Stony Point High School

  • Education Level: High
  • # of students: 2,463
  • # of teachers: 173
6
GreatSchools Rating
 

$226,800$277,200$252,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$930
Property Tax -$497
Property Insurance -$122
HOA -$25
Property Management Fees -$128
CASH FLOW
-$101

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.

$252,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 6.3%
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

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$72,530

INVESTMENT

$72,530

Down Payment
$63,000
Rehab Estimate
$5,750
Closing Costs
$3,780

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$930

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,000
Loan Amount $189,000
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$4,482

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,622

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,6003$1,6004$1,750
$1,750
RENT COMPS ANALYSIS
  • 218 Grand Isle Drive Round Rock, TX 3
    • 3 beds 2 baths ∙ 1,690 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,690 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.95
    •  
  • 110 Chandler View Trail Round Rock, TX 1
    • 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 2002
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.96
    •  
  • 1834 White Indigo Trail Round Rock, TX 2
    • 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 2000
    LEASED 04/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.95
    •  
  • 713 Ranier Lane Round Rock, TX 4
    • 4 beds 2 baths ∙ 1,793 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,793 Sqft ∙ Built 2002
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.98
    •  
PROPERTY LISTING DETAILS
Melissa Kelley
1.512.633.0908
Keller Williams Realty-rr (wc)
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 2044665
Last Updated: 11/28/2020
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