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222 Baron Creek Trail Bastrop, TX 78602

3 Beds 2 Baths 1,673 sqft Built 2020

$265,990

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $158.99
  • 96 Days on Market
  • MLS # : 3253431
  • Updated Date : 01/02/2021 at 22:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,673 sqft
  • Baths : 2 full
Listing Agent

D.r. Horton, America's Builder

Listing Agent's Description

UNDER CONSTRUCTION-EST. COMPLETION IN FEB 2021. The Anthem is a newly designed 1,673 sq. ft. floorplan offering 3 bedrooms, 2 baths and a study that’s perfect for a flex space. Whether you’re looking for a home office, exercise room or additional bedroom, the study is sure to suit your family’s needs. The beautiful kitchen features granite countertops, breakfast bar and stainless steel appliances. The kitchen is towards the back of the home and is open to the dining and large family room. The main bedroom, bedroom 1, is on the opposite side of the home featuring a large walk in shower and spacious closet. This home features raised quartz vanities, color toned cabinets, accent tiled showers in all bathrooms. The Anthem comes with professional landscape, full gutters, irrigation and Bermuda sod and 2 garage door transmitters. This home includes our HOME IS CONNECTED base package which includes the Alexa Voice control, Front Door Bell, Front Door Deadbolt Lock, Home Hub, Light Switch, and Thermostat.

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MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Pecan Park

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $106k298k

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

Neighborhood: Pecan Park

ZipNIR 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
 

$239,391$292,589$265,990

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$981
Property Tax -$555
Property Insurance -$121
HOA -$35
Property Management Fees -$99
CASH FLOW
-$162

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$265,990

PROJECTED PRICE

$1,630

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 6.9%
Maintenance Year (1-5) 3.00%
Vacancy 6.13%
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$800k

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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,487

INVESTMENT

$72,487

Down Payment
$66,498
Rehab Estimate
$2,000
Closing Costs
$3,990

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$981

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,498
Loan Amount $199,493
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$4,139

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,631

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5503$1,6304$1,6955$1,700
$1,700
RENT COMPS ANALYSIS
  • 222 Baron Creek Trail Bastrop, TX 3
    • 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.97
    •  
  • 119 Calm Water Loop Bastrop, TX 1
    • 3 beds 3 baths ∙ 1,400 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,400 Sqft ∙ Built 2017
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.07
    •  
  • 203 Trailside Ln Bastrop, TX 2
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 2019
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.03
    •  
  • 110 Jones St Bastrop, TX 4
    • 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 1972
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.91
    •  
  • 165 Haliimaile Ln Bastrop, TX 5
    • 3 beds 3 baths ∙ 1,911 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,911 Sqft ∙ Built 2001
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.89
    •  
PROPERTY LISTING DETAILS
Dave Clinton
1.512.270.6196
D.r. Horton, America's Builder
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 3253431
Last Updated: 01/02/2021
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