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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 78610
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$111,750
LOAN DETAILS
$1,389
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $100,000 |
| Loan Amount | $299,999 |
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
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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
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 8797445
Last Updated: 03/13/2021
