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3750 Sandy Brook Drive Round Rock, TX 78665

4 Beds 2 Baths 1,966 sqft Built 2006

$245,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $124.62
  • 3 Days on Market
  • MLS # : 2478802
  • Updated Date : 01/02/2021 at 18:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,966 sqft
  • Baths : 2 full
Listing Agent

Culhane Premier Properties

Listing Agent's Description

Great investment property or make it the perfect home for your family!

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Stoney Brook

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $117k298k

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

Neighborhood: Stoney Brook

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
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$904
Property Tax -$498
Property Insurance -$138
Property Management Fees -$99
CASH FLOW
$71

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.

$245,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 9.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% 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 $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

5.83

YEARS SAVED

$19,080

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,720

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6503$1,6674$1,7005$1,710
$1,710
RENT COMPS ANALYSIS
  • 3750 Sandy Brook Drive Round Rock, TX 5
    • 4 beds 2 baths ∙ 1,966 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,966 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.87
    •  
  • 1313 Terra St Round Rock, TX 1
    • 4 beds 2 baths ∙ 1,836 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,836 Sqft ∙ Built 1995
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.90
    •  
  • 1410 Pigeon View St Round Rock, TX 2
    • 3 beds 3 baths ∙ 1,840 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,840 Sqft ∙ Built 1996
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.90
    •  
  • 1564 Haynie Bend Round Rock, TX 3
    • 4 beds 2 baths ∙ 1,982 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,982 Sqft ∙ Built 2006
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,667
    • $0.84
    •  
  • 1309 Terra St Round Rock, TX 4
    • 3 beds 2 baths ∙ 1,981 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,981 Sqft ∙ Built 2000
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.86
    •  
PROPERTY LISTING DETAILS
Barry Mott
1.512.797.0501
Culhane Premier Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 2478802
Last Updated: 01/02/2021
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