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2300 Sycamore Trail Round Rock, TX 78664

3 Beds 2 Baths 1,679 sqft Built 1992

$280,000

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $166.77
  • 3 Days on Market
  • MLS # : 2777239
  • Updated Date : 01/16/2021 at 18:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,679 sqft
  • Baths : 2 full
Listing Agent

Hippo Realty, Llc

Listing Agent's Description

A great 1 story 3 sided brick home in South Creek. Home has tile floors throughout living areas and AC was replaced in 2020, with upgraded counters and backsplash in the kitchen. Come see the really comfortable floor plan with a 2-sided fireplace open to the living and dining area. Large covered patio in backyard. Recessed lighting and a skylight in the kitchen give it a great open feel. No popcorn ceilings. Move in ready and convenient to shopping, dining, entertainment, I-35, and Toll 45. Playscape will convey.

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

Neighborhood: South Creek

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $113k298k

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

Neighborhood: South Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500160017001800Rent in $7941828

* 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
Callison Elementary School Primary Regular 862 59 4
C.d. Fulkes Middle School Middle Regular 757 61 4
Cedar Ridge High School High Regular 2,718 178 7

Callison Elementary School

  • Education Level: Primary
  • # of students: 862
  • # of teachers: 59
4
GreatSchools Rating

C.d. Fulkes Middle School

  • Education Level: Middle
  • # of students: 757
  • # of teachers: 61
4
GreatSchools Rating

Cedar Ridge High School

  • Education Level: High
  • # of students: 2,718
  • # of teachers: 178
7
GreatSchools Rating
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$973
Property Tax -$569
Property Insurance -$122
Property Management Fees -$99
CASH FLOW
-$272

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.

$280,000

PROJECTED PRICE

$1,490

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 8.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.72%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$973

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$487

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,587

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,490
1$1,4902$1,5753$1,5754$1,7005$1,700
$1,700
RENT COMPS ANALYSIS
  • 2300 Sycamore Trail Round Rock, TX 1
    • 3 beds 2 baths ∙ 1,679 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,679 Sqft ∙ Built 1992
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.89
    •  
  • 2404 Willow Way Round Rock, TX 2
    • 3 beds 2 baths ∙ 1,724 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,724 Sqft ∙ Built 1999
    property image
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.91
    •  
  • 427 Maple Run Round Rock, TX 3
    • 3 beds 2 baths ∙ 1,526 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,526 Sqft ∙ Built 1986
    property image
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.03
    •  
  • 2418 Willow Way Round Rock, TX 4
    • 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 1998
    property image
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.93
    •  
  • 2304 Willow Way Round Rock, TX 5
    • 3 beds 3 baths ∙ 1,860 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,860 Sqft ∙ Built 1992
    property image
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.91
    •  
PROPERTY LISTING DETAILS
Brooke Daniel
1.214.232.6840
Hippo Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 2777239
Last Updated: 01/16/2021
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