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3710 Hermann Street Round Rock, TX 78681

4 Beds 4 Baths 2,904 sqft Built 2013

$445,000

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $153.24
  • 5 Days on Market
  • MLS # : 6932075
  • Updated Date : 02/13/2021 at 18:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,904 sqft
  • Baths : 3 full , 1 half
Listing Agent

Casa Grande Realty

Listing Agent's Description

ELEGANT EXECUTIVE HOME WT NUMEROUS UPGRADES IN SUPERB COMMUNITY*HIGH CEILINGS*EXTENSIVE CROWN MOLDING ALL OVER*ROOM TO SPREAD OUT*VERSATILE FLOOR PLAN WT OWNER'S SUITE & STUDY DN*IN-LAW/GUEST STE WTH PVT BATH UP*FLEX GAME ROOM*LARGE PVT BACKYARD WITH GORGEOUS OAK TREES AND COVERED PATIO*RAISED VEGETABLE BEDS FOR THE AVID GARDENER*ZONED TO THE BRAND NEW WOLF RANCH ELEMENTARY* WALKING DISTANCE TO AMENITY CENTER AND COMMUNITY POOL*Current lease expires 04/22/21.

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

Zip Code: 78681

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $133k410k

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

Zip Code: 78681

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9972157

* 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
Carver Elementary School Primary Regular 429 29 3
James Tippit Middle School Middle Regular 840 54 3
East View High School High Regular 1,418 110 4

Carver Elementary School

  • Education Level: Primary
  • # of students: 429
  • # of teachers: 29
3
GreatSchools Rating

James Tippit Middle School

  • Education Level: Middle
  • # of students: 840
  • # of teachers: 54
3
GreatSchools Rating

East View High School

  • Education Level: High
  • # of students: 1,418
  • # of teachers: 110
4
GreatSchools Rating
 

$400,500$489,500$445,000

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$1,546
Property Tax -$878
Property Insurance -$190
HOA -$50
Property Management Fees -$99
CASH FLOW
-$413

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.

$445,000

PROJECTED PRICE

$2,350

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 6.1%
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$123,675

INVESTMENT

$123,675

Down Payment
$111,250
Rehab Estimate
$5,750
Closing Costs
$6,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,546

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $111,250
Loan Amount $333,750
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$846

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,350

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,454

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2953$2,3504$2,3955$2,450
$2,450
RENT COMPS ANALYSIS
  • 3710 Hermann Street Round Rock, TX 3
    • 4 beds 4 baths ∙ 2,904 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,904 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.81
    •  
  • 3451 Mayfield Ranch #701 Boulevard Austin, TX 1
    • 4 beds 3 baths ∙ 2,704 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,704 Sqft ∙ Built 2015
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.78
    •  
  • 4160 Van Ness Avenue Round Rock, TX 2
    • 4 beds 4 baths ∙ 2,746 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,746 Sqft ∙ Built 2018
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.84
    •  
  • 4014 Flowstone Ln Round Rock, TX 4
    • 4 beds 4 baths ∙ 2,752 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,752 Sqft ∙ Built 2016
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.87
    •  
  • 3664 Bainbridge St Round Rock, TX 5
    • 4 beds 4 baths ∙ 2,752 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,752 Sqft ∙ Built 2016
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.89
    •  
PROPERTY LISTING DETAILS
Swati Kapoor
Casa Grande Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 6932075
Last Updated: 02/13/2021
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