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3305 Winding Way Round Rock, TX 78664

4 Beds 3 Baths 2,263 sqft Built 1997

$300,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $132.57
  • 2 Days on Market
  • MLS # : 9130078
  • Updated Date : 12/12/2020 at 22:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,263 sqft
  • Baths : 2 full , 1 half
Listing Agent

Pure Realty

Listing Agent's Description

Recently renovated & move-in ready! 4 Bed 2.5 Bath with tons of living space! Big backyard, covered patio & extended deck.

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: High Country

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280kPrice in $124k298k

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

Neighborhood: High Country

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8151828

* 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
Gattis Elementary School Primary Regular 791 55 6
Ridgeview Middle School Middle Regular 1,374 89 9
Cedar Ridge High School High Regular 2,718 178 7

Gattis Elementary School

  • Education Level: Primary
  • # of students: 791
  • # of teachers: 55
6
GreatSchools Rating

Ridgeview Middle School

  • Education Level: Middle
  • # of students: 1,374
  • # of teachers: 89
9
GreatSchools Rating

Cedar Ridge High School

  • Education Level: High
  • # of students: 2,718
  • # of teachers: 178
7
GreatSchools Rating
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,107
Property Tax -$610
Property Insurance -$154
Property Management Fees -$99
CASH FLOW
-$220

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.

$300,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 9.5%
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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,563

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,505

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,5453$1,7504$1,750
$1,750
RENT COMPS ANALYSIS
  • 3305 Winding Way Round Rock, TX 4
    • 4 beds 3 baths ∙ 2,263 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,263 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.77
    •  
  • 2805 Southampton Way Round Rock, TX 1
    • 3 beds 2 baths ∙ 2,299 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,299 Sqft ∙ Built 1999
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.61
    •  
  • 2623 Andres Way Round Rock, TX 2
    • 3 beds 3 baths ∙ 2,152 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,152 Sqft ∙ Built 1999
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.72
    •  
  • 2415 Roundabout Lane Round Rock, TX 3
    • 3 beds 3 baths ∙ 2,414 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,414 Sqft ∙ Built 1994
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.72
    •  
PROPERTY LISTING DETAILS
Tim Kress
1.512.791.7355
Pure Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 9130078
Last Updated: 12/12/2020
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