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3865 Willie Mays Lane Round Rock, TX 78665

3 Beds 2 Baths 1,849 sqft Built 2001

$275,000

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $148.73
  • 6 Days on Market
  • MLS # : 9251439
  • Updated Date : 11/01/2020 at 16:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,849 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Excellent, flexible floor plan; All major mechanicals, ie, roof (2020), water heater (2017), HVAC (2019) replaced/upgraded! Recent appliances, counter tops, backsplash, paint, flooring, doors and broken window replaced/upgraded or updated. Move-in ready. Property faces west so you can enjoy summer evenings in your private, shaded backyard. Front yard faces greenbelt!!! Convenient to community pool, Old Settler Park, Dell Diamond, Soon-to-open Kalahari Resort; quick access to I35, 130, or 45 to get to wherever you're heading easily.

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

Neighborhood: Ryans Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $107k298k

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

Neighborhood: Ryans Crossing

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
Herrington Elementary School Primary Unknown 847 57 NA
Hernandez Middle School Middle Regular 831 66 4
Stony Point High School High Regular 2,463 173 6

Herrington Elementary School

  • Education Level: Primary
  • # of students: 847
  • # of teachers: 57
NA
GreatSchools Rating

Hernandez Middle School

  • Education Level: Middle
  • # of students: 831
  • # of teachers: 66
4
GreatSchools Rating

Stony Point High School

  • Education Level: High
  • # of students: 2,463
  • # of teachers: 173
6
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,015
Property Tax -$559
Property Insurance -$131
HOA -$45
Property Management Fees -$136
CASH FLOW
-$186

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.

$275,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 7.1%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$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$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,646

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,696

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,6953$1,6954$1,700
$1,700
RENT COMPS ANALYSIS
  • 3865 Willie Mays Lane Round Rock, TX 4
    • 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.92
    •  
  • 912 Fenway Park Ct Round Rock, TX 1
    • 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 2001
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.87
    •  
  • 3845 Willie Mays Ln Round Rock, TX 2
    • 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 2001
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.94
    •  
  • 3855 Willie Mays Lane Round Rock, TX 3
    • 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 2002
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.92
    •  
PROPERTY LISTING DETAILS
Maureen Parker
1.512.751.3718
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 9251439
Last Updated: 11/01/2020
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