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3806 Vonnegut Court Round Rock, TX 78665

3 Beds 3 Baths 2,436 sqft Built 2006

$289,000

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $118.64
  • 3 Days on Market
  • MLS # : 5090082
  • Updated Date : 12/05/2020 at 23:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,436 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Conveniently located close to shopping centers, outlet mall, major employees, health care, I-35 & 1431. Wide, private Cul-de-sac setting with Kimball Hill 2-story family home. Combined Formal living & Dining areas with soaring 2-story ceiling. Open Family room to kitchen with breakfast/serving bar creates flowing, entertaining plan. Open patio in terraced backyard expands entertaining needs and would be ideal for the garden enthusiast. Upstairs flex living space is ideal for Game room, Media room or Home office. Owner's suite overlooks the backyard and is situated for privacy from the secondary bedrooms. Lots of storage- pantry, walk in-closets, linen closet. Tiled indoor utility adjacent to deep 2- car garage with water softener loop.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Eagle Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280kPrice in $121k298k

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

Neighborhood: Eagle Ridge

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
 

$260,100$317,900$289,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,066
Property Tax -$588
Property Insurance -$164
HOA -$15
Property Management Fees -$99
CASH FLOW
-$262

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.

$289,000

PROJECTED PRICE

$1,670

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 8.0%
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-$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$82,335

INVESTMENT

$82,335

Down Payment
$72,250
Rehab Estimate
$5,750
Closing Costs
$4,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,250
Loan Amount $216,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,096

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,699

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,6703$1,6954$1,7505$1,800
$1,800
RENT COMPS ANALYSIS
  • 3806 Vonnegut Court Round Rock, TX 2
    • 3 beds 3 baths ∙ 2,436 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,436 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.69
    •  
  • 1559 Haynie Bend Round Rock, TX 1
    • 4 beds 3 baths ∙ 2,496 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,496 Sqft ∙ Built 2006
    LEASED 03/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.65
    •  
  • 3712 Hawk View St Round Rock, TX 3
    • 3 beds 3 baths ∙ 2,309 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,309 Sqft ∙ Built 2006
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.73
    •  
  • 3710 Sandy Brook Dr Round Rock, TX 4
    • 4 beds 3 baths ∙ 2,496 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,496 Sqft ∙ Built 2006
    LEASED 12/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.70
    •  
  • 3705 Haleys Way Round Rock, TX 5
    • 4 beds 2 baths ∙ 2,526 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,526 Sqft ∙ Built 1999
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.71
    •  
PROPERTY LISTING DETAILS
Prita Gujare
1.512.736.0973
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 5090082
Last Updated: 12/05/2020
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