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228 Baron Creek Trail Bastrop, TX 78602

4 Beds 3 Baths 2,320 sqft Built 2020

$286,190

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $123.36
  • 96 Days on Market
  • MLS # : 8128467
  • Updated Date : 01/02/2021 at 22:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,320 sqft
  • Baths : 3 full
Listing Agent

D.r. Horton, America's Builder

Listing Agent's Description

UNDER CONSTRUCTION-EST. COMPLETION IN JAN 2021. The Roosevelt is a stunning new home offering 2,320 sq. ft. of living space. This 4 bedroom, 3 bathroom, two story home features a large family room and dining open to the beautiful kitchen. The kitchen features granite countertops, tile backsplash and stainless steel appliances. The large main bedroom, bedroom 1, offers a large walk in shower and spacious walk in closet. Upstairs you will find spacious game room along with a 4th bedroom and full bath. The Roosevelt comes with a professionally landscaped and irrigated yard complete with Bermuda sod. This home features raised quartz vanities, color toned cabinets, accent tiled showers in all bathrooms. The Roosevelt comes with professional landscape, full gutters, irrigation, 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.

SEE MORE

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
 

$257,571$314,809$286,190

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,056
Property Tax -$597
Property Insurance -$158
HOA -$35
Property Management Fees -$99
CASH FLOW
-$155

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.

$286,190

PROJECTED PRICE

$1,790

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 6.9%
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$8.0k

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$77,840

INVESTMENT

$77,840

Down Payment
$71,548
Rehab Estimate
$2,000
Closing Costs
$4,293

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,056

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,548
Loan Amount $214,643
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$5,222

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,746

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,6503$1,6504$1,7905$1,800
$1,800
RENT COMPS ANALYSIS
  • 228 Baron Creek Trail Bastrop, TX 4
    • 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.77
    •  
  • 605 Charles Blvd Bastrop, TX 1
    • 3 beds 3 baths ∙ 2,137 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,137 Sqft ∙ Built 2001
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.74
    •  
  • 618 Kelly Ct Bastrop, TX 2
    • 3 beds 3 baths ∙ 2,176 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,176 Sqft ∙ Built 2003
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.76
    •  
  • 106 Outfitter Dr Bastrop, TX 3
    • 4 beds 3 baths ∙ 2,168 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,168 Sqft ∙ Built 2005
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.76
    •  
  • 140 Swift Water Loop Bastrop, TX 5
    • 3 beds 2 baths ∙ 2,404 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,404 Sqft ∙ Built 2018
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.75
    •  
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 #: 8128467
Last Updated: 01/02/2021
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