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316 Comal Run Hutto, TX 78634

3 Beds 2 Baths 1,646 sqft Built 2011

$235,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $142.77
  • 3 Days on Market
  • MLS # : 7173525
  • Updated Date : 11/13/2020 at 19:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,646 sqft
  • Baths : 2 full
Listing Agent

Currey Real Estate

Listing Agent's Description

Pride of ownership shines! Recently repainted and carpet replaced as of 10/20. The spacious kitchen opens to the living room with plenty of counter space for cooking AND entertaining. In-law plan. Enjoy the backyard with a privacy fence and covered patio. This beauty offers 3 bedrooms and 2 full baths. The owner's retreat includes a large walk-in closet, dual vanity, garden tub, and large walk-in shower.

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
Farley Middle School Primary Regular 682 44 6
Farley Middle School Middle Regular 682 44 6
Hutto High School High Regular 1,666 99 6

Farley Middle School

  • Education Level: Primary
  • # of students: 682
  • # of teachers: 44
6
GreatSchools Rating

Farley Middle School

  • Education Level: Middle
  • # of students: 682
  • # of teachers: 44
6
GreatSchools Rating

Hutto High School

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

$211,500$258,500$235,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$867
Property Tax -$554
Property Insurance -$120
HOA -$35
Property Management Fees -$130
CASH FLOW
-$85

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.

$235,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.69%

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$100k$200k$300k$400k$500k$600k$700k

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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$3,700

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,630

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6003$1,6204$1,6505$1,650
$1,650
RENT COMPS ANALYSIS
  • 316 Comal Run Hutto, TX 3
    • 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.98
    •  
  • 218 Tolcarne Dr Hutto, TX 1
    • 4 beds 2 baths ∙ 1,550 Sqft ∙ Built 2009 4 beds 2 baths ∙ 1,550 Sqft ∙ Built 2009
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.00
    •  
  • 314 E Comal Run Hutto, TX 2
    • 3 beds 2 baths ∙ 1,728 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,728 Sqft ∙ Built 2011
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.93
    •  
  • 328 Baldwin Street Hutto, TX 4
    • 3 beds 2 baths ∙ 1,635 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,635 Sqft ∙ Built 2010
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.01
    •  
  • 323 Baldwin St Hutto, TX 5
    • 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 2010
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.02
    •  
PROPERTY LISTING DETAILS
Lindsay Currey
1.512.698.8690
Currey Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 7173525
Last Updated: 11/13/2020
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