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2512 Hilltop Divide Lane Leander, TX 78641

4 Beds 2 Baths 2,398 sqft Built 2014

$425,000

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $177.23
  • 5 Days on Market
  • MLS # : 8999008
  • Updated Date : 01/15/2021 at 03:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,398 sqft
  • Baths : 2 full
Listing Agent

Compass Re Texas, Llc

Listing Agent's Description

Beautiful one story, 4 bed/2 bath home including 2 dining areas. Located in the popular Crystal Falls subdivision. The home features a bright and open floor plan with plenty of upgrades such as: open kitchen w/ Knotty Adler cabinetry, upgraded backsplash & stone fascia on kitchen island, water softener, plantation shutters, hand-scraped wood & travertine tile throughout living areas, whisper quiet exhaust fans in bathrooms & utility room, epoxy floor in the 3 car garage, and much more! The spacious master suite has a luxurious ensuite bath featuring dual vanity, separate shower and tub, and huge walk-in closet.  Immaculate backyard with covered porch and another patio in the yard with an arbor cover. This is a must see! Don't miss the drone video in virtual link tour. Offer deadline Sunday 1/17 at 6 pm

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: Crystal Falls

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $126k548k

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

Neighborhood: Crystal Falls

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9972553

* 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
Winkley Elementary School Primary Regular 782 54 7
Running Brushy Middle School Middle Regular 1,282 80 6
Leander High School High Regular 2,090 135 7

Winkley Elementary School

  • Education Level: Primary
  • # of students: 782
  • # of teachers: 54
7
GreatSchools Rating

Running Brushy Middle School

  • Education Level: Middle
  • # of students: 1,282
  • # of teachers: 80
6
GreatSchools Rating

Leander High School

  • Education Level: High
  • # of students: 2,090
  • # of teachers: 135
7
GreatSchools Rating
 

$382,500$467,500$425,000

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,476
Property Tax -$847
Property Insurance -$162
HOA -$52
Property Management Fees -$99
CASH FLOW
-$346

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.

$425,000

PROJECTED PRICE

$2,290

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 3.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.80%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$1,549

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,302

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,2903$2,3504$2,3505$2,500
$2,500
RENT COMPS ANALYSIS
  • 2512 Hilltop Divide Lane Leander, TX 2
    • 4 beds 2 baths ∙ 2,398 Sqft ∙ Built 2014 4 beds 2 baths ∙ 2,398 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $0.95
    •  
  • 2725 Coral Valley Dr Leander, TX 1
    • 4 beds 3 baths ∙ 2,220 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,220 Sqft ∙ Built 2014
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.01
    •  
  • 2833 Granite Hill Dr Leander, TX 3
    • 4 beds 3 baths ∙ 2,536 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,536 Sqft ∙ Built 2014
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.93
    •  
  • 1817 Tall Chief Leander, TX 4
    • 3 beds 3 baths ∙ 2,538 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,538 Sqft ∙ Built 2008
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.93
    •  
  • 2644 Hilltop Divide Ln Leander, TX 5
    • 4 beds 3 baths ∙ 2,581 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,581 Sqft ∙ Built 2014
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.97
    •  
PROPERTY LISTING DETAILS
Matt Holm
1.512.769.1695
Compass Re Texas, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 8999008
Last Updated: 01/15/2021
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