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3331 Alexander Valley Cv 
Round Rock, TX
78665
3 Beds 2 Baths 1,488 sqft
Built 2004
INVESTimate
$220,000
List Price
$64,050
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 2004
- Price/Sqft : $147.85
- 2 Days on Market
- MLS # : 6031190
- Updated Date : 08/25/2020 at 13:45
CONSTRUCTION
- Beds : 3
- Floor Size : 1,488 sqft
- Baths : 2 full
Listing Agent
Guerin Property Services, Inc
Listing Agent's Description
Fully occupied investment property. Well kept property in fast growing Round Rock, Texas. Current rent is $1495 per month and lease is in place until 10/31/20. Tenant can stay or go at end of lease, depending on buyers needs. More pictures to send if interested. DO NOT DISTURB TENANTS. Will set appointment to walk property with offer.
SEE MORE
- 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: Rolling Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rolling Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,480 |
| EXPENSES | Loan Payment | -$812 |
| Property Tax | -$483 | |
| Property Insurance | -$111 | |
| HOA | -$40 | |
| Property Management Fees | -$118 | |
|
CASH FLOW
-$83
|
||
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.
$220,000
PROJECTED PRICE
$1,480
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.79% |
| Appreciation Year (1-5) | 5.83% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.80% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$64,050
LOAN DETAILS
$812
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $55,000 |
| Loan Amount | $165,000 |
2
YEARS SAVED
$3,551
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,480
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$1,484
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
3331 Alexander Valley Cv Round Rock, 1
- 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 2004
![property image]()
- Rent
- Rent Per SQFT
- $1,480
- $0.99
-
3000 John Wilson Ln Round Rock, 2
- 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 1997
![property image]()
LEASED 10/28/19- Rent
- Rent Per SQFT
- $1,500
- $0.97
-
3205 Elizabeth Anne Ln Round Rock, 3
- 3 beds 2 baths ∙ 1,505 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,505 Sqft ∙ Built 1997
![property image]()
LEASED 10/15/19- Rent
- Rent Per SQFT
- $1,550
- $1.03
-
3313 Winding Way Round Rock, 4
- 3 beds 3 baths ∙ 1,653 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,653 Sqft ∙ Built 1996
![property image]()
LEASED 02/29/20- Rent
- Rent Per SQFT
- $1,600
- $0.97
-
1022 Leah Ln Round Rock, 5
- 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 1996
![property image]()
LEASED 06/12/20- Rent
- Rent Per SQFT
- $1,700
- $1.02
PROPERTY LISTING DETAILS
1.512.914.7872
Guerin Property Services, Inc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 6031190
Last Updated: 08/25/2020
