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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $162.95
- 4 Days on Market
- MLS # : 4301967
- Updated Date : 02/05/2021 at 14:15
CONSTRUCTION
- Beds : 3
- Floor Size : 1,706 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty-gt
Listing Agent's Description
Inviting 3 bedroom 2 bath + office in Round Rock's Settler's Crossing. With its open concept, vaulted ceilings, hardwoods, custom wainscoting, updated lightening and so much more; this home was made to relax and entertain. The calming atmosphere captures the modern chic design with natural light and flows beautifully onto the back patio complete with extension. This home offers privacy with only two neighbors, centralized location to major restaurants, grocery stores, and Round Rock Express, easy access to HWY 79 and the 130 Toll and not to mention Old Settler's Park and the Sports Capital of Texas are just across the street! 3257 Corrigan Lane effortlessly welcomes you HOME.
SEE MORE
- 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
Neighborhood: Settlers Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Settlers Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,640 |
| EXPENSES | Loan Payment | -$966 |
| Property Tax | -$565 | |
| Property Insurance | -$123 | |
| HOA | -$31 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$144
|
||
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.
$278,000
PROJECTED PRICE
$1,640
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.79% |
| Appreciation Year (1-5) | 6.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.80% |
| 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
$79,420
LOAN DETAILS
$966
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $69,500 |
| Loan Amount | $208,500 |
1.83
YEARS SAVED
$3,397
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 -
$0.96
LIST RENT PER SQFT
-
$1,672
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
3257 Corrigan Lane Round Rock, TX 1
- 3 beds 2 baths ∙ 1,706 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,706 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $1,640
- $0.96
-
3233 Clinton Pl Round Rock, TX 2
- 4 beds 2 baths ∙ 1,728 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,728 Sqft ∙ Built 2006
LEASED 06/19/20- Rent
- Rent Per SQFT
- $1,675
- $0.97
-
2614 Pearson Way Round Rock, TX 3
- 4 beds 2 baths ∙ 1,700 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,700 Sqft ∙ Built 2005
LEASED 11/19/20- Rent
- Rent Per SQFT
- $1,695
- $1.00
-
2625 Pearson Way Round Rock, TX 4
- 4 beds 2 baths ∙ 1,728 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,728 Sqft ∙ Built 2006
LEASED 08/08/20- Rent
- Rent Per SQFT
- $1,695
- $0.98
-
1033 Chad Loop Round Rock, TX 5
- 3 beds 3 baths ∙ 1,773 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,773 Sqft ∙ Built 2018
LEASED 03/25/20- Rent
- Rent Per SQFT
- $1,725
- $0.97
PROPERTY LISTING DETAILS
Keller Williams Realty-gt
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 4301967
Last Updated: 02/05/2021
