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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 78681
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$91,875
LOAN DETAILS
$1,199
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
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
-
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
1.512.460.0160
Realty Austin
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 8332440
Last Updated: 11/08/2020
