Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3452 Francisco Way Round Rock, TX 78665

3 Beds 3 Baths 2,644 sqft Built 2017

$422,500

List Price

$2,300

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $159.80
  • 4 Days on Market
  • MLS # : 7094476
  • Updated Date : 12/12/2020 at 22:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,644 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jacobs & Mikeska, Realtors

Listing Agent's Description

Stately single-story home in coveted Paloma Lake! This gorgeous 2017 home features 11' to 13' ceilings and 8' doors throughout! Custom knotty alder front door, ceramic tile and carpeted flooring, dedicated study, second living area for playroom or entertainment room, gas log fireplace, custom kitchen with knotty alder cabinets, center island, lots of storage, large primary suite with extended bay window in bedroom, jetted garden tub, separate vanities, dual shower heads, deep linen closets and large walk-in closet. 100% brick and stone exterior, large covered patio wired for sound, 3-car tandem garage, no backing neighbors on a quarter-acre lot!

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: Paloma Lake

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $133k410k

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

Neighborhood: Paloma Lake

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9972235

* 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
Hopewell Middle School Middle Regular 967 62 8
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

Hopewell Middle School

  • Education Level: Middle
  • # of students: 967
  • # of teachers: 62
8
GreatSchools Rating

Stony Point High School

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

$380,250$464,750$422,500

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$1,559
Property Tax -$833
Property Insurance -$176
HOA -$48
Property Management Fees -$99
CASH FLOW
-$415

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.

$422,500

PROJECTED PRICE

$2,300

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 5.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.80%
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-$10k-$8.0k-$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,713

INVESTMENT

$117,713

Down Payment
$105,625
Rehab Estimate
$5,750
Closing Costs
$6,338

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,559

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $105,625
Loan Amount $316,875
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,101

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,300

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,314

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,3003$2,3004$2,600
$2,600
RENT COMPS ANALYSIS
  • 3452 Francisco Way Round Rock, TX 3
    • 3 beds 3 baths ∙ 2,644 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,644 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.87
    •  
  • 3208 Pablo Cir Round Rock, TX 1
    • 3 beds 3 baths ∙ 2,508 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,508 Sqft ∙ Built 2019
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.84
    •  
  • 3317 Cortes Place Round Rock, TX 2
    • 3 beds 3 baths ∙ 2,585 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,585 Sqft ∙ Built 2012
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.89
    •  
  • 5717 Toscana Trace Round Rock, TX 4
    • 4 beds 4 baths ∙ 2,788 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,788 Sqft ∙ Built 2018
    LEASED 11/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.93
    •  
PROPERTY LISTING DETAILS
Jeff Mikeska
1.512.462.1866
Jacobs & Mikeska, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 7094476
Last Updated: 12/12/2020
BESbswy