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2909 Hill View Cove Round Rock, TX 78664

3 Beds 2 Baths 1,561 sqft Built 1999

$264,444

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $169.41
  • 3 Days on Market
  • MLS # : 7130924
  • Updated Date : 01/16/2021 at 17:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,561 sqft
  • Baths : 2 full
Listing Agent

Walzel Properties

Listing Agent's Description

Conveniently located off of TX-45, this home has great accessibility to IH-35 or TX-130! The Flower Hill community is just minutes to local shopping, dining & entertainment. Within the community you'll find access to High Country Park, complete with a basketball court, picnic tables and BBQ grills. This property is located on a quiet cul-de-sac street with beautiful mature trees. An open concept floor plan, with the living and dining space open to the recently updated kitchen. The interior has hard surface flooring throughout, and recent paint. No carpet! Seller will be reviewing any offers on Tuesday 1/19 at 10 am. Please submit no later than 8 pm on Monday 1/18.

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: Flower Hill

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280kPrice in $126k298k

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

Neighborhood: Flower Hill

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9371828

* 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
Dearing Elementary School Primary Unknown NA
Park Crest Middle School Middle Regular 940 66 7
Hendrickson High School High Regular 2,771 160 8

Dearing Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Park Crest Middle School

  • Education Level: Middle
  • # of students: 940
  • # of teachers: 66
7
GreatSchools Rating

Hendrickson High School

  • Education Level: High
  • # of students: 2,771
  • # of teachers: 160
8
GreatSchools Rating
 

$238,000$290,888$264,444

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$919
Property Tax -$590
Property Insurance -$115
HOA -$13
Property Management Fees -$99
CASH FLOW
-$86

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.

$264,444

PROJECTED PRICE

$1,650

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 7.9%
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-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,828

INVESTMENT

$75,828

Down Payment
$66,111
Rehab Estimate
$5,750
Closing Costs
$3,967

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$919

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,111
Loan Amount $198,333
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$5,396

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,815

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6503$1,6504$1,800
$1,800
RENT COMPS ANALYSIS
  • 2909 Hill View Cove Round Rock, TX 3
    • 3 beds 2 baths ∙ 1,561 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,561 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.06
    •  
  • 2629 Eastwood Ln Round Rock, TX 1
    • 3 beds 3 baths ∙ 1,406 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,406 Sqft ∙ Built 1998
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.14
    •  
  • 3302 Winding Way Round Rock, TX 2
    • 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1997
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.13
    •  
  • 2809 High Point Cv Round Rock, TX 4
    • 3 beds 2 baths ∙ 1,507 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,507 Sqft ∙ Built 2000
    LEASED 05/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.19
    •  
PROPERTY LISTING DETAILS
Britney George
1.832.247.8624
Walzel Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 7130924
Last Updated: 01/16/2021
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