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PROPERTY INFO
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
- #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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Vista Oaks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$104,039
LOAN DETAILS
$1,368
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $92,725 |
| Loan Amount | $278,175 |
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
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- $2,050
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- $2,050
- $0.75
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- 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
1.210.331.7000
Levi Rodgers Real Estate Group
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 4570763
Last Updated: 01/02/2021
