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249 Euclid Lane Uhland, TX 78640

3 Beds 3 Baths 1,696 sqft Built 2020

$239,990

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $141.50
  • 3 Days on Market
  • MLS # : 3440792
  • Updated Date : 11/06/2020 at 21:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,696 sqft
  • Baths : 2 full , 1 half
Listing Agent

D.r. Horton, America's Builder

Listing Agent's Description

UNDER CONSTRUCTION - EST. COMPLETION IN DEC 2020. New Construction Emma Plan-The Emma has a quaint covered front porch that enters into a foyer area with a window and coat closet. The hallway has a half bath and ushers into a spacious living and island kitchen area. The upstairs loft, primary and two additional bedrooms are spacious and well-designed. The backyard covered porch will allow for hours of relaxations and backyard fun. Home Is Connected smart home technology package included. This home is near a walking path that leads to the green belt. The Mill Creek Community is only 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
 

$215,991$263,989$239,990

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$885
Property Tax -$552
Property Insurance -$123
HOA -$30
Property Management Fees -$138
CASH FLOW
-$8

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.

$239,990

PROJECTED PRICE

$1,720

PROJECTED RENT

0.72%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,597

INVESTMENT

$65,597

Down Payment
$59,998
Rehab Estimate
$2,000
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$885

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,998
Loan Amount $179,993
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$9,166

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,730

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,6753$1,7204$1,7505$1,800
$1,800
RENT COMPS ANALYSIS
  • 249 Euclid Lane Uhland, TX 3
    • 3 beds 3 baths ∙ 1,696 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,696 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $1.01
    •  
  • 181 Beech Drive Kyle, TX 1
    • 3 beds 3 baths ∙ 1,483 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,483 Sqft ∙ Built 2004
    property image
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.98
    •  
  • 534 Apricot Drive Kyle, TX 2
    • 3 beds 2 baths ∙ 1,690 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,690 Sqft ∙ Built 2009
    property image
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.99
    •  
  • 791 New Bridge Drive Kyle, TX 4
    • 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 2006
    property image
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.04
    •  
  • 770 New Bridge Drive Kyle, TX 5
    • 4 beds 2 baths ∙ 1,690 Sqft ∙ Built 2009 4 beds 2 baths ∙ 1,690 Sqft ∙ Built 2009
    property image
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.07
    •  
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 #: 3440792
Last Updated: 11/06/2020
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