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3906 Ozark Killeen, TX 76549

4 Beds 2 Baths 2,015 sqft Built 2017

$229,000

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $113.65
  • 2 Days on Market
  • MLS # : 3193262
  • Updated Date : 01/09/2021 at 06:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,015 sqft
  • Baths : 2 full
Listing Agent

The Agents Premiere Realty

Listing Agent's Description

IMMACULATELY KEPT!!! Does 4 bedrooms, 2 baths, 2015 SF, with an open concept , split floorplan, and an office sound like things that you're looking for in a home? Well from the landscaping to the grand entry, with high ceiling, spacious rooms , walkin closets, an updated gourmet kitchen /living combo (great for entertaining and family functions ),and large windows for natural sunlight. The primary suite is also a special place to relax after a long hard day, features to include a double vanity and great soaking tub. Invite the family out on the covered back patio for a barbecue or just a little peace away from it all.

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

Zip Code: 76549

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170kPrice in $102k179k

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

Zip Code: 76549

ZipNIR Market*CityMarket2015Year2009 Q32019 Q2100010201040106010801100112011401160Rent in $9971171

* 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
Haynes Elementary School Primary Regular 1,040 61 5
Roy J Smith Middle Middle Regular NA
Ellison High School High Regular 2,638 159 3

Haynes Elementary School

  • Education Level: Primary
  • # of students: 1,040
  • # of teachers: 61
5
GreatSchools Rating

Roy J Smith Middle

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Ellison High School

  • Education Level: High
  • # of students: 2,638
  • # of teachers: 159
3
GreatSchools Rating
 

$206,100$251,900$229,000

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$795
Property Tax -$476
Property Insurance -$133
Property Management Fees -$99
CASH FLOW
-$153

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$229,000

PROJECTED PRICE

$1,350

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 0.8%
Maintenance Year (1-5) 8.00%
Vacancy 8.48%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

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$100k$200k$300k$400k$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,435

INVESTMENT

$66,435

Down Payment
$57,250
Rehab Estimate
$5,750
Closing Costs
$3,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$795

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,250
Loan Amount $171,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$259

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,350

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,216

    COMP ESTIMATED VALUE
  • $0.6

    COMP AVG. RENT PER SQFT
Comps Range
$895
1$8952$1,1253$1,3504$1,450
$1,450
RENT COMPS ANALYSIS
  • 3906 Ozark Killeen, TX 3
    • 4 beds 2 baths ∙ 2,015 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,015 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.67
    •  
  • 2606 Lucille Dr Killeen, TX 1
    • 3 beds 2 baths ∙ 2,304 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,304 Sqft ∙ Built 2001
    LEASED 08/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $895
    • $0.39
    •  
  • 5108 Bridle Dr Killeen, TX 2
    • 4 beds 2 baths ∙ 1,717 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,717 Sqft ∙ Built 2006
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,125
    • $0.66
    •  
  • 2507 Hector Drive Killeen, TX 4
    • 4 beds 2 baths ∙ 1,910 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,910 Sqft ∙ Built 2013
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.76
    •  
PROPERTY LISTING DETAILS
Marilyn Joyce
1.254.702.3134
The Agents Premiere Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 3193262
Last Updated: 01/09/2021
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