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

3606 Longhorn Trail Round Rock, TX 78665

4 Beds 3 Baths 2,939 sqft Built 2006

$350,000

List Price

$2,130

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $119.09
  • 4 Days on Market
  • MLS # : 9401772
  • Updated Date : 02/27/2021 at 23:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,939 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty-rr (wc)

Listing Agent's Description

FRESH & READY! Look at the renovated bathrooms -- tons of space for everyone!

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: Eagle Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280kPrice in $121k298k

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

Neighborhood: Eagle Ridge

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
Caldwell Heights Elementary School Primary Regular 646 47 6
Hopewell Middle School Middle Regular 967 62 8
Stony Point High School High Regular 2,463 173 6

Caldwell Heights Elementary School

  • Education Level: Primary
  • # of students: 646
  • # of teachers: 47
6
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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$1,216
Property Tax -$712
Property Insurance -$192
HOA -$27
Property Management Fees -$99
CASH FLOW
-$115

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.

$350,000

PROJECTED PRICE

$2,130

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 8.0%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$6,996

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,130

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,204

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1303$2,1504$2,1955$2,295
$2,295
RENT COMPS ANALYSIS
  • 3606 Longhorn Trail Round Rock, TX 2
    • 4 beds 3 baths ∙ 2,939 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,939 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,130
    • $0.72
    •  
  • 3803 Concord Dr Round Rock, TX 1
    • 4 beds 4 baths ∙ 3,002 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,002 Sqft ∙ Built 2001
    property image
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.70
    •  
  • 3444 Longhorn Trail Round Rock, TX 3
    • 4 beds 3 baths ∙ 2,953 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,953 Sqft ∙ Built 2004
    property image
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.73
    •  
  • 1332 Bull Horn Loop Round Rock, TX 4
    • 4 beds 3 baths ∙ 2,881 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,881 Sqft ∙ Built 2003
    property image
    LEASED 11/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.76
    •  
  • 1095 Zeus Circle Round Rock, TX 5
    • 4 beds 3 baths ∙ 2,850 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,850 Sqft ∙ Built 2003
    property image
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.81
    •  
PROPERTY LISTING DETAILS
Stacy Mansoor
Keller Williams Realty-rr (wc)
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 9401772
Last Updated: 02/27/2021
BESbswy