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2700 Vinson Ct Round Rock, TX 78664

3 Beds 3 Baths 1,768 sqft Built 1999

INVESTimate

$259,900

List Price

$1,700

$1,530 - $1,870

Rent Est.

$283,967  ( +9.26%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $147.00
  • 2 Days on Market
  • MLS # : 1713476
  • Updated Date : 08/25/2020 at 12:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,768 sqft
  • Baths : 2 full , 1 half
Listing Agent

512-society, Property Mgmt

Listing Agent's Description

**Investor's Dream - Rented thru 07-31-21 @ $1625** Long Term Tenants (Leased since 2015). Lease Records available, P&L Reports Available. Managed by 512-Society PM since 2009. Well Maintained. **Water Heater Replaced in July 2020 (50gal, Electric - Professionally Installed). Corner Lot, Hard Tile in Wet Areas, All Bedrooms are upstairs. 1 Formal Dining Room that overlooks Front Yard, 1 Living Room with many windows to allow natural light to shine through. **GIVE Tenant 2-4hrs in Advance for showings**

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: Bradford Park

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280kPrice in $122k298k

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

Neighborhood: Bradford Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8091828

* 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
 

$233,910$285,890$259,900

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$959
Property Tax -$528
Property Insurance -$127
HOA -$2
Property Management Fees -$136
CASH FLOW
-$52

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.

$259,900

PROJECTED PRICE

$1,700

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 9.26%
Maintenance Year (1-5) 8.00%
Vacancy 6.72%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$8,067

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,759

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,6503$1,7004$1,7005$1,750
$1,750
RENT COMPS ANALYSIS
  • 2700 Vinson Ct Round Rock, 4
    • 3 beds 3 baths ∙ 1,768 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,768 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.96
    •  
  • 2432 Roundabout Ln Round Rock, 1
    • 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 1994
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.95
    •  
  • 2451 Roundabout Ln Round Rock, 2
    • 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1993
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.04
    •  
  • 2411 Roundabout Ln Round Rock, 3
    • 3 beds 2 baths ∙ 1,611 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,611 Sqft ∙ Built 2004
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.06
    •  
  • 2410 Roundabout Ln Round Rock, 5
    • 3 beds 3 baths ∙ 1,876 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,876 Sqft ∙ Built 1994
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.93
    •  
PROPERTY LISTING DETAILS
Loran Duncan
1.512.701.2591
512-society, Property Mgmt
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 1713476
Last Updated: 08/25/2020
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