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3717 Bainbridge Street Round Rock, TX 78681

4 Beds 2 Baths 1,966 sqft Built 2014

$325,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2014
  • Price/Sqft : $165.31
  • 4 Days on Market
  • MLS # : 8332440
  • Updated Date : 11/08/2020 at 01:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,966 sqft
  • Baths : 2 full
Listing Agent

Realty Austin

Listing Agent's Description

Excellent Opportunity In Desirable Mayfield Ranch! This warm and inviting single-story home draws you in with a breezy front porch and is ideally located in Round Rock's picturesque Mayfield Ranch with enchanting mature oaks shading the park-like backyard. Nicely upgraded featuring a seamless open floor plan with high ceilings, neutral colors & crown molding throughout. The well-equipped chef’s kitchen impresses with upgraded tile flooring and backsplash, gorgeous granite counters, stainless-steel appliances, ample storage cabinetry, and expansive breakfast bar that overlooks the spacious living. The formal dining room easily flexes as a home office or play area. The sizable primary suite is calling your name with soaring ceilings and a spa-like bath with deep soaking tub, separate shower, double vanities and giant walk-in closet. The secondary bedrooms share a Jack & Jill bath, ideal for siblings. You will love spending time on the extended covered patio overlooking the incredible private backyard with large tree canopies and no neighbors behind. Enjoy great community amenities including; hike and bike trails, pools, playground, and sport courts.

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
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,199
Property Tax -$641
Property Insurance -$138
HOA -$50
Property Management Fees -$150
CASH FLOW
-$307

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.

$325,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.58%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$447

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,927

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,8503$1,8704$2,0155$2,100
$2,100
RENT COMPS ANALYSIS
  • 3717 Bainbridge Street Round Rock, TX 3
    • 4 beds 2 baths ∙ 1,966 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,966 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.95
    •  
  • 3759 Castle Rock Drive Round Rock, TX 1
    • 3 beds 3 baths ∙ 1,768 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,768 Sqft ∙ Built 2003
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.93
    •  
  • 4047 Flowstone Ln Round Rock, TX 2
    • 4 beds 2 baths ∙ 1,846 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,846 Sqft ∙ Built 2017
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.00
    •  
  • 4046 Geary St Round Rock, TX 4
    • 4 beds 2 baths ∙ 2,006 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,006 Sqft ∙ Built 2015
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,015
    • $1.00
    •  
  • 3644 Bainbridge St Round Rock, TX 5
    • 3 beds 3 baths ∙ 2,122 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,122 Sqft ∙ Built 2016
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.99
    •  
PROPERTY LISTING DETAILS
Sherri Farias
1.512.460.0160
Realty Austin
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 8332440
Last Updated: 11/08/2020
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