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2409 Redwood Trace Round Rock, TX 78664

3 Beds 2 Baths 1,743 sqft Built 1997

$270,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $154.91
  • 5 Days on Market
  • MLS # : 6133697
  • Updated Date : 12/05/2020 at 23:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,743 sqft
  • Baths : 2 full
Listing Agent

Realty Austin

Listing Agent's Description

This tastefully updated 3/2, 1743sqft, single-story home in South Creek is impressive! Nestled in a convenient location with close proximity to shopping/restaurants & major highways. Its eye-catching curb appeal will draw you in as it features fresh landscaping, recent interior paint & laminate wood flooring throughout the living & bedrooms. The home is beautifully designed for entertaining, the home's floorplan showcases an open-concept living room, cook's kitchen, & dining area that are all open to one another. The inviting living room will make you & your guests feel right at home with its warm & cozy gas-log fireplace with updated tile surround & mantel, LED recessed lighting with smart switches, new baseboards/trim throughout, complete the home's stylish look. The huge kitchen is perfect for gatherings as it boasts a large center island with sleek counters, tons of cabinetry/storage, & all SS appliances. Replaced water heater & HVAC in 2017. The home offers an abundance of natural light in the living room. Owners can retreat to your primary suite that is complete with a large walk-in closet with built-ins & a spacious ensuite bath that offers a dual vanity & an updated free standing shower & a separate garden tub. Make the backyard your own. Schedule a showing to tour this beautiful home in Round Rock.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

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
Gattis Elementary School Primary Regular 791 55 6
Ridgeview Middle School Middle Regular 1,374 89 9
Cedar Ridge High School High Regular 2,718 178 7

Gattis Elementary School

  • Education Level: Primary
  • # of students: 791
  • # of teachers: 55
6
GreatSchools Rating

Ridgeview Middle School

  • Education Level: Middle
  • # of students: 1,374
  • # of teachers: 89
9
GreatSchools Rating

Cedar Ridge High School

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

$243,000$297,000$270,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$996
Property Tax -$532
Property Insurance -$125
Property Management Fees -$99
CASH FLOW
-$43

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.

$270,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.63%

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$11,247

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,708

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,645
1$1,6452$1,6503$1,7104$1,795
$1,795
RENT COMPS ANALYSIS
  • 2409 Redwood Trace Round Rock, TX 3
    • 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.98
    •  
  • 2305 Mimosa Trl Round Rock, TX 1
    • 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1998
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.96
    •  
  • 507 Sweetgum Cove Round Rock, TX 2
    • 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 2002
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.00
    •  
  • 2315 Chestnut Path Round Rock, TX 4
    • 3 beds 2 baths ∙ 1,801 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,801 Sqft ∙ Built 1998
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.00
    •  
PROPERTY LISTING DETAILS
Kimberly Fry
1.512.851.3021
Realty Austin
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 6133697
Last Updated: 12/05/2020
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