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4215 Kingsburg Drive Round Rock, TX 78681

3 Beds 2 Baths 1,840 sqft Built 1999

$349,900

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $190.16
  • 3 Days on Market
  • MLS # : 1376852
  • Updated Date : 02/27/2021 at 03:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,840 sqft
  • Baths : 2 full
Listing Agent

Pure Realty

Listing Agent's Description

Beautiful Home in Vista Oaks! Features 3 Bedrooms, 2 Baths with a Study. Kitchen Open to Family, Formal Dining, Breakfast Bar, Granite Counters & Tile Backsplash. This home is move in ready with Fresh paint throughout. HVAC 1 year old, Leander ISD zoned.

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
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,215
Property Tax -$690
Property Insurance -$131
HOA -$35
Property Management Fees -$99
CASH FLOW
-$400

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.

$349,900

PROJECTED PRICE

$1,770

PROJECTED RENT

0.51%

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-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k

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$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$166

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,808

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7703$1,8004$1,9955$2,050
$2,050
RENT COMPS ANALYSIS
  • 4215 Kingsburg Drive Round Rock, TX 2
    • 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.96
    •  
  • 4237 Kingsburg Dr Round Rock, TX 1
    • 3 beds 2 baths ∙ 2,012 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,012 Sqft ∙ Built 1998
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.87
    •  
  • 3936 Grayling Lane Round Rock, TX 3
    • 3 beds 2 baths ∙ 1,773 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,773 Sqft ∙ Built 1993
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.02
    •  
  • 4011 Galena Hills Drive Round Rock, TX 4
    • 4 beds 2 baths ∙ 2,022 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,022 Sqft ∙ Built 2000
    LEASED 02/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.99
    •  
  • 3904 Tavarez St Round Rock, TX 5
    • 4 beds 2 baths ∙ 1,953 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,953 Sqft ∙ Built 2020
    LEASED 03/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.05
    •  
PROPERTY LISTING DETAILS
Tim Kress
Pure Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 1376852
Last Updated: 02/27/2021
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