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336 Chisholm Trail Bastrop, TX 78602

4 Beds 3 Baths 2,829 sqft Built 2020

$514,780

List Price

$2,730

$2.5K - $3K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $181.97
  • 84 Days on Market
  • MLS # : 2632506
  • Updated Date : 01/08/2021 at 21:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,829 sqft
  • Baths : 3 full
Listing Agent

Team Price Real Estate

Listing Agent's Description

Enjoy your privacy without giving up the perks of a city — this one-story home is being built on a quiet street in The Colony neighborhood, just two blocks from shopping, dining, parks and golf course. The spacious open kitchen has been upgraded with granite counters and stainless steel appliances, and dining and living areas have brand-new hardwood tile flooring. The living room will open up to a fully fenced backyard with large covered patio, mature oak trees, and a lush lawn with an underground sprinkler system. Master bedroom features a private five-piece bathroom with seamless surround shower, large bathtub and a large walk-in closet. Convenient off the garage laundry room with high-efficiency washer and dryer connections. Ample off-street parking, driveway, and an attached 3 car garage. Easy commute to downtown Austin or nearby Bastrop via car or bus.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: The Colony

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $117k453k

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

Neighborhood: The Colony

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500160017001800190020002100Rent in $7132119

* 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
Bluebonnet Elementary School Primary Regular 811 47 4
Cedar Creek Middle School Middle Regular 767 50 4
Cedar Creek High School High Regular 1,424 101 4

Bluebonnet Elementary School

  • Education Level: Primary
  • # of students: 811
  • # of teachers: 47
4
GreatSchools Rating

Cedar Creek Middle School

  • Education Level: Middle
  • # of students: 767
  • # of teachers: 50
4
GreatSchools Rating

Cedar Creek High School

  • Education Level: High
  • # of students: 1,424
  • # of teachers: 101
4
GreatSchools Rating
 

$463,302$566,258$514,780

PURCHASE PRICE

$2,457$3,003$2,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,730
EXPENSES Loan Payment -$1,788
Property Tax -$1,075
Property Insurance -$186
HOA -$105
Property Management Fees -$99
CASH FLOW
-$523

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$514,780

PROJECTED PRICE

$2,730

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 3.3%
Maintenance Year (1-5) 3.00%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,417

INVESTMENT

$138,417

Down Payment
$128,695
Rehab Estimate
$2,000
Closing Costs
$7,722

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,788

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $128,695
Loan Amount $386,085
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$451

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,730

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,716

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,730
$2,730
RENT COMPS ANALYSIS
  • 336 Chisholm Trail Bastrop, TX 2
    • 4 beds 3 baths ∙ 2,829 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,829 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,730
    • $0.97
    •  
  • 323 Chisholm Trail Bastrop, TX 1
    • 4 beds 3 baths ∙ 2,806 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,806 Sqft ∙ Built 2013
    property image
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.96
    •  
PROPERTY LISTING DETAILS
Earl Price
1.512.963.4092
Team Price Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 2632506
Last Updated: 01/08/2021
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