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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $182.24
- 5 Days on Market
- MLS # : 2124444
- Updated Date : 01/15/2021 at 03:38
CONSTRUCTION
- Beds : 3
- Floor Size : 1,509 sqft
- Baths : 2 full
Listing Agent
Orchard Brokerage
Listing Agent's Description
Click the Virtual Tour link to view the 3D Matterport walkthrough. The ideal move-in ready home awaits. Step into an open floor plan with many desirable finishes and space to suit everyone's needs. Family room opens to the dining area and kitchen. Enjoy plenty of natural light through the large windows and sliding glass doors. Kitchen features breakfast bar, island, granite counter tops and plenty of cabinet space. Spacious bedrooms with ceiling fans and soaking tub in the master bathroom. Lovely backyard for entertaining on the wooden deck and around the chiminea. Solar panels included!
SEE MORE
- #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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Bradford Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bradford Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,480 |
| EXPENSES | Loan Payment | -$955 |
| Property Tax | -$559 | |
| Property Insurance | -$112 | |
| HOA | -$15 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$260
|
||
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.
$275,000
PROJECTED PRICE
$1,480
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 9.3% |
| 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
$78,625
LOAN DETAILS
$955
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $68,750 |
| Loan Amount | $206,250 |
0.58
YEARS SAVED
$563
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,480
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$1,588
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
-
2936 Donnell Drive Round Rock, TX 1
- 3 beds 2 baths ∙ 1,509 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,509 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $1,480
- $0.98
-
2428 Roundabout Lane Round Rock, TX 2
- 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 1993
LEASED 09/04/20- Rent
- Rent Per SQFT
- $1,650
- $1.05
-
2880 Donnell #3502 Round Rock, TX 3
- 3 beds 3 baths ∙ 1,634 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,634 Sqft ∙ Built 2016
LEASED 11/08/20- Rent
- Rent Per SQFT
- $1,685
- $1.03
-
2605 Andres Way Round Rock, TX 4
- 3 beds 2 baths ∙ 1,559 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,559 Sqft ∙ Built 1999
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,695
- $1.09
-
2880 Donnelll Drive #2004 Round Rock, TX 5
- 3 beds 3 baths ∙ 1,707 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,707 Sqft ∙ Built 2017
LEASED 08/12/20- Rent
- Rent Per SQFT
- $1,770
- $1.04
PROPERTY LISTING DETAILS
1.737.356.2867
Orchard Brokerage
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 2124444
Last Updated: 01/15/2021
