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312 Big Sandy Creek Hutto, TX 78634

4 Beds 3 Baths 2,282 sqft Built 2021

$312,990

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $137.16
  • 2 Days on Market
  • MLS # : 7667338
  • Updated Date : 01/23/2021 at 15:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,282 sqft
  • Baths : 3 full
Listing Agent

D.r. Horton, America's Builder

Listing Agent's Description

NO INVESTOR PURCHASES AT THIS TIME. UNDER CONSTRUCTION - EST COMPLETION TBD. THE NAPLES II is a Wonderful liveble floor plan with two living areas, Spacious Main Floor Bedroom One Suite with massive walk-in closet! Bedroom Two and second full bath also on main floor. Two more bedrooms and third full bath upstairs with second living area! All this situated in easy-to-get-around Hutto, near schools, the Historic downtown area and the Co Op District! Very easy access to all main roads for convenient commutes to work for major employers.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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.

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
Hutto Elementary School Primary Regular 644 40 7
Hutto Middle School Middle Regular 708 46 6
Hutto High School High Regular 1,666 99 6

Hutto Elementary School

  • Education Level: Primary
  • # of students: 644
  • # of teachers: 40
7
GreatSchools Rating

Hutto Middle School

  • Education Level: Middle
  • # of students: 708
  • # of teachers: 46
6
GreatSchools Rating

Hutto High School

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

$281,691$344,289$312,990

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,087
Property Tax -$733
Property Insurance -$155
HOA -$28
Property Management Fees -$99
CASH FLOW
-$163

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$312,990

PROJECTED PRICE

$1,940

PROJECTED RENT

0.62%

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) 3.00%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,942

INVESTMENT

$84,942

Down Payment
$78,248
Rehab Estimate
$2,000
Closing Costs
$4,695

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,087

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,248
Loan Amount $234,743
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$3,111

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,923

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8003$1,9004$1,940
$1,940
RENT COMPS ANALYSIS
  • 312 Big Sandy Creek Hutto, TX 4
    • 4 beds 3 baths ∙ 2,282 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,282 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.85
    •  
  • 302 Cockrill Street Hutto, TX 1
    • 3 beds 2 baths ∙ 2,090 Sqft ∙ Built 2012 3 beds 2 baths ∙ 2,090 Sqft ∙ Built 2012
    property image
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.84
    •  
  • 1010 Coconut Cove Hutto, TX 2
    • 4 beds 3 baths ∙ 2,101 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,101 Sqft ∙ Built 2015
    property image
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.86
    •  
  • 1003 Honey Locust Way Hutto, TX 3
    • 4 beds 3 baths ∙ 2,356 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,356 Sqft ∙ Built 2019
    property image
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.81
    •  
PROPERTY LISTING DETAILS
Dave Clinton
1.512.270.6196
D.r. Horton, America's Builder
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 7667338
Last Updated: 01/23/2021
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