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3353 Rod Carew Drive Round Rock, TX 78665

3 Beds 2 Baths 1,915 sqft Built 2003

$285,000

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $148.83
  • 3 Days on Market
  • MLS # : 1111144
  • Updated Date : 02/26/2021 at 22:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,915 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Gt (wc)

Listing Agent's Description

Home conveniently located near the Dell Diamond & Kalahari Resort with easy access to Hwy 79 & 130 Toll Road. Located just a block from community swimming pool. Old Settlers Park nearby. Three bedrooms plus a study. Covered back patio. Small, shady front patio. Fenced back yard. Roof shingles replaced in 2020, water heater replaced in 2020, exterior painted in 2019, AC and Heater replaced summer of 2020, front patio added in 2020, partial fence replacement in 2020. The right side fence in back yard is scheduled to be replaced on March 9th. Refrigerator conveys, washer & dryer do not. Seller will paint interior prior to closing. See documents for Engineering Report on the foundation.

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: Ryans Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $107k298k

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

Neighborhood: Ryans Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9371828

* 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
Herrington Elementary School Primary Unknown 847 57 NA
Hernandez Middle School Middle Regular 831 66 4
Stony Point High School High Regular 2,463 173 6

Herrington Elementary School

  • Education Level: Primary
  • # of students: 847
  • # of teachers: 57
NA
GreatSchools Rating

Hernandez Middle School

  • Education Level: Middle
  • # of students: 831
  • # of teachers: 66
4
GreatSchools Rating

Stony Point High School

  • Education Level: High
  • # of students: 2,463
  • # of teachers: 173
6
GreatSchools Rating
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$990
Property Tax -$579
Property Insurance -$135
HOA -$35
Property Management Fees -$99
CASH FLOW
-$138

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.

$285,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 7.1%
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$800k$900k

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$3,774

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,767

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7003$1,7454$1,795
$1,795
RENT COMPS ANALYSIS
  • 3353 Rod Carew Drive Round Rock, TX 2
    • 3 beds 2 baths ∙ 1,915 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,915 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.89
    •  
  • 3845 Willie Mays Lane Round Rock, TX 1
    • 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 2001
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.94
    •  
  • 3416 Sandy Koufax Lane Round Rock, TX 3
    • 3 beds 2 baths ∙ 1,892 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,892 Sqft ∙ Built 2003
    property image
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.92
    •  
  • 1307 Lou Gehrig Lane Round Rock, TX 4
    • 3 beds 2 baths ∙ 2,012 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,012 Sqft ∙ Built 2002
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.89
    •  
PROPERTY LISTING DETAILS
Gail Buquoi
Keller Williams Realty Gt (wc)
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 1111144
Last Updated: 02/26/2021
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