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374b Fieldwood Drive Buda, TX 78610

4 Beds 3 Baths 2,124 sqft Built 2020

$244,990

List Price

$2,030

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
FACTS
  • Built In 2020
  • Price/Sqft : $115.34
  • 70 Days on Market
  • MLS # : 5784669
  • Updated Date : 10/29/2020 at 01:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,124 sqft
  • Baths : 2 full , 1 half
Listing Agent

Gehan Homes

Listing Agent's Description

Yosemite F plan with features that include walk in master shower with seat, window seat in master and kitchen, wood patterned vinyl plank flooring, double vanity in master bath, extended covered patio, quartz kitchen counters, window seat in master bedroom and kitchen. Available January. Sprinkler Sys:Yes

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: 78610

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280kPrice in $126k298k

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

Zip Code: 78610

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9371840

* 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
Buda Elementary School Primary Regular 467 31 5
Barton Middle School Middle Regular 1,016 53 8
Hays High School High Regular 2,409 121 6

Buda Elementary School

  • Education Level: Primary
  • # of students: 467
  • # of teachers: 31
5
GreatSchools Rating

Barton Middle School

  • Education Level: Middle
  • # of students: 1,016
  • # of teachers: 53
8
GreatSchools Rating

Hays High School

  • Education Level: High
  • # of students: 2,409
  • # of teachers: 121
6
GreatSchools Rating
 

$220,491$269,489$244,990

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$904
Property Tax -$530
Property Insurance -$147
HOA -$315
Property Management Fees -$162
CASH FLOW
-$28

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$244,990

PROJECTED PRICE

$2,030

PROJECTED RENT

0.83%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 4.2%
Maintenance Year (1-5) 3.00%
Vacancy 6.72%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,922

INVESTMENT

$66,922

Down Payment
$61,248
Rehab Estimate
$2,000
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$904

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,248
Loan Amount $183,743
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$5,316

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,030

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,034

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,875
1$1,8752$1,9453$1,9454$2,0305$2,050
$2,050
RENT COMPS ANALYSIS
  • 374b Fieldwood Drive Buda, TX 4
    • 4 beds 3 baths ∙ 2,124 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,124 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $0.96
    •  
  • 342 Red Morganite Trl Buda, TX 1
    • 4 beds 2 baths ∙ 2,046 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,046 Sqft ∙ Built 2015
    property image
    LEASED 10/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.92
    •  
  • 291 Cold Spg Buda, TX 2
    • 4 beds 2 baths ∙ 1,941 Sqft ∙ Built 2009 4 beds 2 baths ∙ 1,941 Sqft ∙ Built 2009
    property image
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $1.00
    •  
  • 163 Lone Tree Holw Buda, TX 3
    • 4 beds 2 baths ∙ 2,068 Sqft ∙ Built 2012 4 beds 2 baths ∙ 2,068 Sqft ∙ Built 2012
    property image
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.94
    •  
  • 191 Shale Circle Buda, TX 5
    • 4 beds 3 baths ∙ 2,117 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,117 Sqft ∙ Built 2016
    property image
    LEASED 09/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.97
    •  
PROPERTY LISTING DETAILS
April Maki
1.512.601.6597
Gehan Homes
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 5784669
Last Updated: 10/29/2020
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