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3917 Shaker Lane Round Rock, TX 78681

3 Beds 3 Baths 2,271 sqft Built 1993

$325,000

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 1993
  • Price/Sqft : $143.11
  • 7 Days on Market
  • MLS # : 6103351
  • Updated Date : 10/30/2020 at 22:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,271 sqft
  • Baths : 2 full , 1 half
Listing Agent

Kuper Sotheby's Itl Rlty

Listing Agent's Description

Wonderful Vista Oaks two story offers a flexible floorplan that allows you to adjust to whatever turn your life takes. Flex space to the left as you enter(dining, homeschool space, music room?), flex space upstairs (gameroom, homeschool space, 4th bedroom?), plus a spacious main living area. You will love the island kitchen, with generous counter space and cabinet storage and corner pantry. The kitchen features granite counters, a quiet Bosch dishwasher, a built-in oven, microwave, and gas cooktop. The kitchen is open to a large living area with a beautiful wood-burning fireplace. The oversized master suite has a private sitting area and bay window, gorgeous hardwood floors, 2 walk-in closets, a double vanity, garden tub, and separate shower. Most of the home has been freshly painted w/recent updates throughout including new bathroom light fixtures, new carpet, vinyl plank flooring, and new front door. Large backyard with oversized patio, greenhouse, sprinkler system, and mature trees. Working solar panels = LOW electric bills!! Great neighborhood amenities including community pool, tennis and sport courts, firepit, a covered pavilion, two playgrounds, and hiking/walking trails. Exemplary LISD Schools and nearby shopping, restaurants, and just minutes from Williamson County Park.

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: Vista Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $133k410k

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

Neighborhood: Vista Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9972157

* 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
Akin Elementary School Primary Unknown NA
Stiles Middle School Middle Unknown 950 52 10
Rouse High School High Regular 2,336 140 7

Akin Elementary School

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

Stiles Middle School

  • Education Level: Middle
  • # of students: 950
  • # of teachers: 52
10
GreatSchools Rating

Rouse High School

  • Education Level: High
  • # of students: 2,336
  • # of teachers: 140
7
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,199
Property Tax -$621
Property Insurance -$155
HOA -$35
Property Management Fees -$148
CASH FLOW
-$308

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.

$325,000

PROJECTED PRICE

$1,850

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 7.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.80%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$462

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,896

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,845
1$1,8452$1,8503$1,8754$1,8955$1,975
$1,975
RENT COMPS ANALYSIS
  • 3917 Shaker Lane Round Rock, TX 2
    • 3 beds 3 baths ∙ 2,271 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,271 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.81
    •  
  • 3904 Kristencreek Lane Round Rock, TX 1
    • 4 beds 2 baths ∙ 2,239 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,239 Sqft ∙ Built 1993
    property image
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.82
    •  
  • 3828 Noe Lane Round Rock, TX 3
    • 3 beds 2 baths ∙ 2,262 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,262 Sqft ∙ Built 2003
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.83
    •  
  • 3910 Shaker Ln Round Rock, TX 4
    • 4 beds 3 baths ∙ 2,290 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,290 Sqft ∙ Built 1994
    property image
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.83
    •  
  • 3909 Shaker Lane Round Rock, TX 5
    • 3 beds 3 baths ∙ 2,306 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,306 Sqft ∙ Built 1994
    property image
    LEASED 11/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.86
    •  
PROPERTY LISTING DETAILS
Margaret Jolly
1.512.496.2281
Kuper Sotheby's Itl Rlty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 6103351
Last Updated: 10/30/2020
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