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

225 Euclid Lane Uhland, TX 78640

4 Beds 3 Baths 2,473 sqft Built 2020

$270,990

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $109.58
  • 3 Days on Market
  • MLS # : 7463411
  • Updated Date : 11/06/2020 at 22:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,473 sqft
  • Baths : 3 full
Listing Agent

D.r. Horton, America's Builder

Listing Agent's Description

New Construction Nicole Plan-The Nicole has a quaint covered front porch that enters into a foyer area with a window and coat closet. A downstairs bedroom and full bathroom are at the front of the home and perfect for guests and family members. The hallway ushers into a spacious living area and island kitchen area with a dining nook. The upstairs loft, primary bedroom with en-suite, two additional bedrooms and full bathroom are spacious and well-designed. The backyard covered porch will allow for hours of relaxation and backyard fun. Home Is Connected smart home technology package included. Amazing opportunity to own a home on an oversized lot with an overlook of a green belt area. Home is near path that leads to the green belt. The Mill Creek Community is six miles from IH-35. Estimated completion December 2020. Low tax rate and USDA eligible.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Zip Code: 78640

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $116k298k

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

Zip Code: 78640

ZipNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7011723

* 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
Hemphill Elementary School Primary Regular 833 54 2
Simon Middle School Middle Regular 615 44 3
Lehman High School High Regular 2,303 116 4

Hemphill Elementary School

  • Education Level: Primary
  • # of students: 833
  • # of teachers: 54
2
GreatSchools Rating

Simon Middle School

  • Education Level: Middle
  • # of students: 615
  • # of teachers: 44
3
GreatSchools Rating

Lehman High School

  • Education Level: High
  • # of students: 2,303
  • # of teachers: 116
4
GreatSchools Rating
 

$243,891$298,089$270,990

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,000
Property Tax -$624
Property Insurance -$166
HOA -$30
Property Management Fees -$149
CASH FLOW
-$109

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$270,990

PROJECTED PRICE

$1,860

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 6.3%
Maintenance Year (1-5) 3.00%
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$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$73,812

INVESTMENT

$73,812

Down Payment
$67,748
Rehab Estimate
$2,000
Closing Costs
$4,065

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,000

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,748
Loan Amount $203,243
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$3,806

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,836

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,6253$1,7504$1,8255$1,860
$1,860
RENT COMPS ANALYSIS
  • 225 Euclid Lane Uhland, TX 5
    • 4 beds 3 baths ∙ 2,473 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,473 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.75
    •  
  • 130 Peach Tree Pass Kyle, TX 1
    • 3 beds 3 baths ∙ 2,198 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,198 Sqft ∙ Built 2005
    property image
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.72
    •  
  • 891 New Bridge Drive Kyle, TX 2
    • 3 beds 3 baths ∙ 2,225 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,225 Sqft ∙ Built 2005
    property image
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.73
    •  
  • 441 Holly Grove Street Kyle, TX 3
    • 4 beds 3 baths ∙ 2,225 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,225 Sqft ∙ Built 2005
    property image
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.79
    •  
  • 751 New Bridge Drive Kyle, TX 4
    • 4 beds 3 baths ∙ 2,516 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,516 Sqft ∙ Built 2006
    property image
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.73
    •  
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 #: 7463411
Last Updated: 11/06/2020
BESbswy