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2926 Diego Drive Round Rock, TX 78665

4 Beds 3 Baths 2,199 sqft Built 2017

$410,000

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $186.45
  • 4 Days on Market
  • MLS # : 4271204
  • Updated Date : 02/13/2021 at 18:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,199 sqft
  • Baths : 2 full , 1 half
Listing Agent

Creekview Realty

Listing Agent's Description

Single Floor home in Paloma Lake with 4 bedrooms (or 3BR+1 Study); 2 full baths and 1 half bath, 2 Car Garage. Oversized Master with bay window. Open floor plan. Beautiful granite countertops cover the massive island in this chef's kitchen. Formal dining room. Gourmet kitchen with granite countertops, massive island, gas range, stainless steel appliances, and ample cabinetry for storage. Covered Patio with huge backyard. Walking distance to 10-rated Herrington elementary in highly desired Round Rock ISD.

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: Paloma Lake

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $133k410k

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

Neighborhood: Paloma Lake

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9972235

* 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
Herrington Elementary School Primary Unknown NA
Hopewell Middle School Middle Regular 967 62 8
Stony Point High School High Regular 2,463 173 6

Herrington Elementary School

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

Hopewell Middle School

  • Education Level: Middle
  • # of students: 967
  • # of teachers: 62
8
GreatSchools Rating

Stony Point High School

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

$369,000$451,000$410,000

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,424
Property Tax -$808
Property Insurance -$151
HOA -$48
Property Management Fees -$99
CASH FLOW
-$421

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.

$410,000

PROJECTED PRICE

$2,110

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 5.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.80%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,400

INVESTMENT

$114,400

Down Payment
$102,500
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,424

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $102,500
Loan Amount $307,500
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$445

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,177

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,1103$2,1504$2,4005$2,400
$2,400
RENT COMPS ANALYSIS
  • 2926 Diego Drive Round Rock, TX 2
    • 4 beds 3 baths ∙ 2,199 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,199 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $0.96
    •  
  • 2913 Consuelo Way Round Rock, TX 1
    • 4 beds 3 baths ∙ 2,290 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,290 Sqft ∙ Built 2017
    property image
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.90
    •  
  • 2705 Madelena Ct Round Rock, TX 3
    • 3 beds 3 baths ∙ 2,153 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,153 Sqft ∙ Built 2014
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.00
    •  
  • 2720 Diego Dr Round Rock, TX 4
    • 4 beds 3 baths ∙ 2,362 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,362 Sqft ∙ Built 2013
    property image
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.02
    •  
  • 2969 Diego Drive Round Rock, TX 5
    • 4 beds 3 baths ∙ 2,303 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,303 Sqft ∙ Built 2018
    property image
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.04
    •  
PROPERTY LISTING DETAILS
John Prell
Creekview Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 4271204
Last Updated: 02/13/2021
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