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3008 Peacemaker Street Round Rock, TX 78681

3 Beds 2 Baths 1,657 sqft Built 1985

$310,000

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $187.09
  • 3 Days on Market
  • MLS # : 9195676
  • Updated Date : 01/29/2021 at 20:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,657 sqft
  • Baths : 2 full
Listing Agent

Austin Real Estate Experts

Listing Agent's Description

Cozy one-level home in the heart of Brushy Creek. Front porch with seating area. High, vaulted ceilings and beautiful wood plank laminate flooring throughout main living spaces. Dining room/flex space with large windows. Stone corner fireplace in family room. Sunny breakfast area with bay window leads to the spacious kitchen with white cabinets, granite countertops, and stainless steel appliances. Owner's suite features a vaulted ceiling, two closets, and dual vanity & a walk-in shower in the bathroom. Large covered patio with great space for entertaining. Fully fenced backyard. Convenient to I-35 and 45 Toll.

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: Brushy Creek

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $133k410k

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

Neighborhood: Brushy Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800190020002100Rent in $8432157

* 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
Brushy Creek Elementary School Primary Regular 790 50 8
Cedar Valley Middle School Middle Regular 1,314 82 10
Mcneil High School High Regular 2,546 169 7

Brushy Creek Elementary School

  • Education Level: Primary
  • # of students: 790
  • # of teachers: 50
8
GreatSchools Rating

Cedar Valley Middle School

  • Education Level: Middle
  • # of students: 1,314
  • # of teachers: 82
10
GreatSchools Rating

Mcneil High School

  • Education Level: High
  • # of students: 2,546
  • # of teachers: 169
7
GreatSchools Rating
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,077
Property Tax -$611
Property Insurance -$120
Property Management Fees -$99
CASH FLOW
-$267

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.

$310,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 8.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,077

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

0.75

YEARS SAVED

$1,031

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,719

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,640
1$1,6402$1,6803$1,7254$1,7255$1,795
$1,795
RENT COMPS ANALYSIS
  • 3008 Peacemaker Street Round Rock, TX 1
    • 3 beds 2 baths ∙ 1,657 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,657 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.99
    •  
  • 203 Valona Loop Round Rock, TX 2
    • 3 beds 2 baths ∙ 1,619 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,619 Sqft ∙ Built 2005
    property image
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $1.04
    •  
  • 3015 Overland Street Round Rock, TX 3
    • 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1985
    property image
    LEASED 09/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $1.10
    •  
  • 2977 Overland Street Round Rock, TX 4
    • 3 beds 2 baths ∙ 1,701 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,701 Sqft ∙ Built 2005
    property image
    LEASED 05/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $1.01
    •  
  • 2993 Freemont Street Round Rock, TX 5
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 2007
    property image
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.00
    •  
PROPERTY LISTING DETAILS
Robin Patino
1.936.208.6808
Austin Real Estate Experts
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 9195676
Last Updated: 01/29/2021
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