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431 Hot Spring Valley Buda, TX 78610

4 Beds 3 Baths 2,414 sqft Built 2008

$345,000

List Price

$2,070

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $142.92
  • 3 Days on Market
  • MLS # : 7771652
  • Updated Date : 02/27/2021 at 02:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,414 sqft
  • Baths : 2 full , 1 half
Listing Agent

Fathom Realty, Llc

Listing Agent's Description

Welcome Home to 431 Hot Spring Valley! This 4 bedroom home with 2 living and 2 dining areas provides flexibility for today's personal and work needs. First level features a separate dining, family/living room, breakfast dining area as well as a breakfast bar, large pantry, separate laundry room, large half bath and a separate garage entry hall. Spacious storage under the stairs. Upstairs, enter the primary bedroom through french doors with plenty of space for a king or queen. The private bath features a garden tub, separate shower, separate water closet, linen closet and large walk in closet. The extra large secondary bath has plenty of space for family and guests. Large backyard for entertaining and relaxing. Within walking distance to the neighborhood pool, pond for fishing and walking trails. Neighborhood also features plenty of social activities and caring neighbors.

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

Zip Code: 78610

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280kPrice in $126k298k

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

Zip Code: 78610

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9371840

* 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
Buda Elementary School Primary Regular 467 31 5
Barton Middle School Middle Regular 1,016 53 8
Hays High School High Regular 2,409 121 6

Buda Elementary School

  • Education Level: Primary
  • # of students: 467
  • # of teachers: 31
5
GreatSchools Rating

Barton Middle School

  • Education Level: Middle
  • # of students: 1,016
  • # of teachers: 53
8
GreatSchools Rating

Hays High School

  • Education Level: High
  • # of students: 2,409
  • # of teachers: 121
6
GreatSchools Rating
 

$310,500$379,500$345,000

PURCHASE PRICE

$1,863$2,277$2,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,070
EXPENSES Loan Payment -$1,198
Property Tax -$899
Property Insurance -$163
HOA -$36
Property Management Fees -$99
CASH FLOW
-$325

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.

$345,000

PROJECTED PRICE

$2,070

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 4.2%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,198

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$394

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,070

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,197

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,945
1$1,9452$2,0003$2,0704$2,195
$2,195
RENT COMPS ANALYSIS
  • 431 Hot Spring Valley Buda, TX 3
    • 4 beds 3 baths ∙ 2,414 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,414 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $2,070
    • $0.86
    •  
  • 163 Lone Tree Hollow Buda, TX 1
    • 4 beds 2 baths ∙ 2,068 Sqft ∙ Built 2012 4 beds 2 baths ∙ 2,068 Sqft ∙ Built 2012
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.94
    •  
  • 319 Sandstone Trail Buda, TX 2
    • 4 beds 3 baths ∙ 2,369 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,369 Sqft ∙ Built 2012
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.84
    •  
  • 301 Willow City Vly Buda, TX 4
    • 3 beds 2 baths ∙ 2,350 Sqft ∙ Built 2012 3 beds 2 baths ∙ 2,350 Sqft ∙ Built 2012
    LEASED 08/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.93
    •  
PROPERTY LISTING DETAILS
Virginia Messler
Fathom Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 7771652
Last Updated: 02/27/2021
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