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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $175.16
- 3 Days on Market
- MLS # : 6132466
- Updated Date : 03/19/2021 at 19:40
CONSTRUCTION
- Beds : 3
- Floor Size : 1,570 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
Great location w/ easy access to shopping, dining & entertainment. Just a short drive to Old Settlers Park & the home backs to the hike/bike trail. This beautiful single story home features 3 sided stone exterior & a cozy covered porch sitting area. Inside off the entry is a flex area great for an additional office/dining space. Easy maintenance laminate & tile flooring throughout the main & wet areas. Open concept w/ kitchen looking out to the living room. Convenient layout w/ primary bedroom separate from secondary rooms. Enjoy time sitting out back on the expansive patio area w/ covered pergola. A must see!!!
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: Pioneer Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pioneer Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,480 |
| EXPENSES | Loan Payment | -$955 |
| Property Tax | -$559 | |
| Property Insurance | -$115 | |
| HOA | -$33 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$282
|
||
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.
$275,000
PROJECTED PRICE
$1,480
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.79% |
| Appreciation Year (1-5) | 5.8% |
| 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
$78,625
LOAN DETAILS
$955
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $68,750 |
| Loan Amount | $206,250 |
0.42
YEARS SAVED
$327
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 -
$0.94
LIST RENT PER SQFT
-
$1,523
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
3354 Pioneer Crossing Drive Round Rock, TX 1
- 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $1,480
- $0.94
-
3444 Covered Wagon Trail Round Rock, TX 2
- 4 beds 2 baths ∙ 1,565 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,565 Sqft ∙ Built 2005
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,495
- $0.96
-
1012 Kenneys Way Round Rock, TX 3
- 4 beds 2 baths ∙ 1,563 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,563 Sqft ∙ Built 2006
LEASED 06/15/20- Rent
- Rent Per SQFT
- $1,500
- $0.96
-
3361 Pioneer Crossing Drive Round Rock, TX 4
- 3 beds 2 baths ∙ 1,607 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,607 Sqft ∙ Built 2003
LEASED 01/02/21- Rent
- Rent Per SQFT
- $1,600
- $1.00
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 6132466
Last Updated: 03/19/2021
