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304 Cassandra Drive Hutto, TX 78634

4 Beds 2 Baths 1,956 sqft Built 2018

$285,500

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $145.96
  • 3 Days on Market
  • MLS # : 6306328
  • Updated Date : 02/12/2021 at 21:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,956 sqft
  • Baths : 2 full
Listing Agent

Realty Austin

Listing Agent's Description

Completed in April 2019, this barely lived in, single story Liberty Plan will take your breath away. As you step inside the spacious foyer, you are welcomed by a spacious bedroom/office. This flexible room features barn doors that can be opened or closed, allowing the room to be used as a bedroom/study/game room/media room/man cave/formal dining...whatever you desire. 3 other secondary bedrooms allow you many options for guests or extra office space. As you enter the open great room you are greeted by wide open kitchen with granite countertops, espresso cabinets and recessed lighting. Past the kitchen is the private primary suite with views of the back yard and custom deck, a large walk in closet, double vanities, HUGE walk-in shower and tons of storage space. Being convenient to 130 Toll, Hwy79, HEB, Costco and Walmart, makes Riverwalk the ideal suburban oasis. Other amenities include 2 community pools, Howard Normal Elementary School located within neighborhood, close to Hutto Lake Park and the new Co-Op.

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

Zip Code: 78634

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $117k298k

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

Zip Code: 78634

ZipNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8471723

* 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
Howard Norman Elementary School Primary Regular NA
Hutto High School High Regular 1,666 99 6

Howard Norman Elementary School

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

Hutto High School

  • Education Level: High
  • # of students: 1,666
  • # of teachers: 99
6
GreatSchools Rating
 

$256,950$314,050$285,500

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$992
Property Tax -$673
Property Insurance -$137
HOA -$35
Property Management Fees -$99
CASH FLOW
$14

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.

$285,500

PROJECTED PRICE

$1,950

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 6.4%
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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$81,408

INVESTMENT

$81,408

Down Payment
$71,375
Rehab Estimate
$5,750
Closing Costs
$4,283

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$992

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,375
Loan Amount $214,125
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$11,717

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,951

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,865
1$1,8652$1,8753$1,9504$1,9505$1,970
$1,970
RENT COMPS ANALYSIS
  • 304 Cassandra Drive Hutto, TX 4
    • 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.00
    •  
  • 708 Comal Run Hutto, TX 1
    • 4 beds 2 baths ∙ 1,857 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,857 Sqft ∙ Built 2018
    LEASED 01/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,865
    • $1.00
    •  
  • 137 San Bernard Trail Hutto, TX 2
    • 4 beds 2 baths ∙ 1,869 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,869 Sqft ∙ Built 2018
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.00
    •  
  • 103 San Bernard Trail Hutto, TX 3
    • 4 beds 2 baths ∙ 1,948 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,948 Sqft ∙ Built 2018
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.00
    •  
  • 401 Cassandra Drive Hutto, TX 5
    • 4 beds 2 baths ∙ 1,988 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,988 Sqft ∙ Built 2018
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.99
    •  
PROPERTY LISTING DETAILS
Gina Nyland
Realty Austin
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 6306328
Last Updated: 02/12/2021
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