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2572 Saint James Place Round Rock, TX 78665

4 Beds 2 Baths 1,990 sqft Built 2011

$310,000

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $155.78
  • 3 Days on Market
  • MLS # : 6617040
  • Updated Date : 11/13/2020 at 19:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,990 sqft
  • Baths : 2 full
Listing Agent

Austin Real Estate Experts

Listing Agent's Description

One-level, beautifully landscaped home in Legends Village. Large front porch with seating area. Tile floor and wood flooring throughout main living areas with stunning arch details. Dining room/flex space. Kitchen with center island, LG black stainless steel appliances, and upgraded lighting opens to sunny breakfast area and family room. Owner's suite features a bay window and dual vanities, separate tub & shower and walk-in closet in bathroom. Spacious secondary bedrooms, with separation from the owner's suite. Large walk-in pantry/laundry room. Huge, level backyard with covered patio. Convenient location near Dell Diamond, Old Settler's Park & Play for All Park with quick access to I-35 or 130 Toll.

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: Legends Village

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280kPrice in $121k298k

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

Neighborhood: Legends Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9371867

* 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
Double File Trail Elementary School Primary Regular 664 46 6
Hernandez Middle School Middle Regular 831 66 4
Stony Point High School High Regular 2,463 173 6

Double File Trail Elementary School

  • Education Level: Primary
  • # of students: 664
  • # of teachers: 46
6
GreatSchools Rating

Hernandez Middle School

  • Education Level: Middle
  • # of students: 831
  • # of teachers: 66
4
GreatSchools Rating

Stony Point High School

  • Education Level: High
  • # of students: 2,463
  • # of teachers: 173
6
GreatSchools Rating
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,144
Property Tax -$630
Property Insurance -$139
HOA -$42
Property Management Fees -$142
CASH FLOW
-$317

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.

$310,000

PROJECTED PRICE

$1,780

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 3.6%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,144

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$205

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,791

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,645
1$1,6452$1,7003$1,7804$1,875
$1,875
RENT COMPS ANALYSIS
  • 2572 Saint James Place Round Rock, TX 3
    • 4 beds 2 baths ∙ 1,990 Sqft ∙ Built 2011 4 beds 2 baths ∙ 1,990 Sqft ∙ Built 2011
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.89
    •  
  • 100 Newport Landing Round Rock, TX 1
    • 4 beds 2 baths ∙ 1,819 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,819 Sqft ∙ Built 2005
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.90
    •  
  • 2717 Claremont Ct Round Rock, TX 2
    • 3 beds 2 baths ∙ 1,890 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,890 Sqft ∙ Built 2012
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.90
    •  
  • 2584 Saint James Pl Round Rock, TX 4
    • 4 beds 2 baths ∙ 2,074 Sqft ∙ Built 2011 4 beds 2 baths ∙ 2,074 Sqft ∙ Built 2011
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.90
    •  
PROPERTY LISTING DETAILS
Gregory Oleskey
1.512.779.3767
Austin Real Estate Experts
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 6617040
Last Updated: 11/13/2020
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