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290 Wildhorse Creek Buda, TX 78610

5 Beds 3 Baths 2,507 sqft Built 2005

$399,999

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $159.55
  • 2 Days on Market
  • MLS # : 8797445
  • Updated Date : 03/13/2021 at 18:19
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,507 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

There are high ceilings, tons of recessed lights, tall windows for natural light and an open flow throughout the first floor. The kitchen recently received a makeover with painted cabinets, new white beveled subway tile, granite tops and stainless (no fingerprint) appliances. The Butler's Pantry is a bonus, adding loads of cabinets & counter space and don't miss the walk-in pantry! Dining Room can accommodate seating for 10 or it can be a private office with double doors to foyer and single door from Butlers Pantry. The downstairs is great for entertaining or just every day living. Master suite is beyond ample with good natural light, high ceilings, large bathroom (separate shower) and HUGE walk-in closet. The 5th bedroom can be used as 2nd living/game room/media room/office/home school...it is a BONUS with soaring ceilings and natural light! All other secondary bedrooms are a nice size and have good closets. The hall bath has been converted to a shower. Current owner has extended the patio to 500+/- ft for outdoor living/entertainment with it being mostly covered. Complete HVAC system was replaced in 2020. Neighborhood is conveniently located and offers two parks, elementary school in neighborhood, pool and great community spirit. It also feeds into the new Johnson HS. Seller may need two week leaseback.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Zip Code: 78610

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280kPrice in $126k298k

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

Zip Code: 78610

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9371840

* 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
Elm Grove Elementary School Primary Regular 757 40 7
Dahlstrom Middle School Middle Regular 946 45 7
Hays High School High Regular 2,409 121 6

Elm Grove Elementary School

  • Education Level: Primary
  • # of students: 757
  • # of teachers: 40
7
GreatSchools Rating

Dahlstrom Middle School

  • Education Level: Middle
  • # of students: 946
  • # of teachers: 45
7
GreatSchools Rating

Hays High School

  • Education Level: High
  • # of students: 2,409
  • # of teachers: 121
6
GreatSchools Rating
 

$359,999$439,999$399,999

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,389
Property Tax -$866
Property Insurance -$168
HOA -$42
Property Management Fees -$99
CASH FLOW
-$324

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.

$399,999

PROJECTED PRICE

$2,240

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 4.2%
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$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$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $299,999
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,285

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,369

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,240
1$2,2402$2,2503$2,3004$2,4955$2,495
$2,495
RENT COMPS ANALYSIS
  • 290 Wildhorse Creek Buda, TX 1
    • 5 beds 3 baths ∙ 2,507 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,507 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $0.89
    •  
  • 280 Middle Creek Dr Buda, TX 2
    • 4 beds 3 baths ∙ 2,609 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,609 Sqft ∙ Built 2006
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.86
    •  
  • 1480 Coldwater Holw Buda, TX 3
    • 4 beds 2 baths ∙ 2,400 Sqft ∙ Built 2011 4 beds 2 baths ∙ 2,400 Sqft ∙ Built 2011
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.96
    •  
  • 362 Clear Springs Hollow Buda, TX 4
    • 4 beds 2 baths ∙ 2,691 Sqft ∙ Built 2013 4 beds 2 baths ∙ 2,691 Sqft ∙ Built 2013
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.93
    •  
  • 209 Still Hollow Crk Buda, TX 5
    • 4 beds 4 baths ∙ 2,426 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,426 Sqft ∙ Built 2013
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.03
    •  
PROPERTY LISTING DETAILS
Amy Jennings
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 8797445
Last Updated: 03/13/2021
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