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3520 Esperanza Drive Round Rock, TX 78665

4 Beds 3 Baths 2,818 sqft Built 2014

$375,000

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2014
  • Price/Sqft : $133.07
  • 3 Days on Market
  • MLS # : 2813739
  • Updated Date : 11/07/2020 at 02:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,818 sqft
  • Baths : 3 full
Listing Agent

All City Real Estate Ltd. Co

Listing Agent's Description

Great 4 Bedroom 3 bath home that features include a truly open floor-plan an island & built-in double ovens. The primary bedroom has a bay window and a bathroom that offers dual vanity, soaker tub, shower, & huge closet. Upstairs offers a huge game room, has a guest suite bedroom & bathroom and downstairs 2 bedrooms and bath is separated from the Owners Suite, dining, & huge backyard with covered patio.

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
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,384
Property Tax -$739
Property Insurance -$186
HOA -$48
Property Management Fees -$176
CASH FLOW
-$333

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.

$375,000

PROJECTED PRICE

$2,200

PROJECTED RENT

0.59%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$772

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,226

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,1993$2,2004$2,2505$2,600
$2,600
RENT COMPS ANALYSIS
  • 3520 Esperanza Drive Round Rock, TX 3
    • 4 beds 3 baths ∙ 2,818 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,818 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.78
    •  
  • 3616 Rosalina Loop Round Rock, TX 1
    • 3 beds 3 baths ∙ 2,673 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,673 Sqft ∙ Built 2013
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.71
    •  
  • 7311 Leonardo Drive Round Rock, TX 2
    • 4 beds 3 baths ∙ 2,718 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,718 Sqft ∙ Built 2019
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,199
    • $0.81
    •  
  • 5804 Othello Pl Round Rock, TX 4
    • 4 beds 3 baths ∙ 2,923 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,923 Sqft ∙ Built 2016
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.77
    •  
  • 3033 Columbus Loop Round Rock, TX 5
    • 4 beds 4 baths ∙ 2,993 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,993 Sqft ∙ Built 2015
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.87
    •  
PROPERTY LISTING DETAILS
Kevin Mccarthy
1.512.587.4050
All City Real Estate Ltd. Co
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 2813739
Last Updated: 11/07/2020
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