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4325 S Summercrest Loop Round Rock, TX 78681

4 Beds 3 Baths 2,732 sqft Built 2000

$370,900

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $135.76
  • 4 Days on Market
  • MLS # : 4570763
  • Updated Date : 01/02/2021 at 14:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,732 sqft
  • Baths : 2 full , 1 half
Listing Agent

Levi Rodgers Real Estate Group

Listing Agent's Description

In the desirable Vista Oaks community of Round Rock is this stunning 4 bedroom, 2.5 bathroom home. Living is made easy in this expansive open layout that includes a spacious dining room, a chef-grade kitchen, a breakfast area overlooking the outdoor patio, and a welcoming living room, complete with a cozy brick fireplace. The kitchen is a chef’s dream come true with stainless steel GE appliances, a gas stove-top, a walk-in pantry, granite countertops, a middle island, and ample counter space. The upstairs features a bonus living room, a sizable primary bedroom with a spa-like en-suite bathroom, a laundry room, 3 additional bedrooms, and a bathroom. Neighborhood amenities include a pool, Greenbelt walking trails, sports courts, parks, a covered Pavilion, a meeting room, and a kitchen. Enjoy easy access to I35 and 183.

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

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
 

$333,810$407,990$370,900

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$1,368
Property Tax -$731
Property Insurance -$181
HOA -$35
Property Management Fees -$99
CASH FLOW
-$295

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.

$370,900

PROJECTED PRICE

$2,120

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$6.0k

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$104,039

INVESTMENT

$104,039

Down Payment
$92,725
Rehab Estimate
$5,750
Closing Costs
$5,564

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,368

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,725
Loan Amount $278,175
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,415

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,138

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,0503$2,1204$2,1505$2,200
$2,200
RENT COMPS ANALYSIS
  • 4325 S Summercrest Loop Round Rock, TX 3
    • 4 beds 3 baths ∙ 2,732 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,732 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $0.78
    •  
  • 4413 Hunters Lodge Drive Round Rock, TX 1
    • 4 beds 3 baths ∙ 2,833 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,833 Sqft ∙ Built 2002
    LEASED 04/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.72
    •  
  • 3331 Pine Needle Cir Round Rock, TX 2
    • 4 beds 3 baths ∙ 2,743 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,743 Sqft ∙ Built 2007
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.75
    •  
  • 3700 Laurel Bay Loop Round Rock, TX 4
    • 3 beds 3 baths ∙ 2,722 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,722 Sqft ∙ Built 2002
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.79
    •  
  • 3840 Newland Ct Round Rock, TX 5
    • 4 beds 3 baths ∙ 2,534 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,534 Sqft ∙ Built 1993
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.87
    •  
PROPERTY LISTING DETAILS
Levi Rodgers
1.210.331.7000
Levi Rodgers Real Estate Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 4570763
Last Updated: 01/02/2021
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