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4401 Mildred Avenue Killeen, TX 76549

4 Beds 2 Baths 1,621 sqft Built 2004

$162,000

List Price

$1,130

$1K - $1.2K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $99.94
  • 3 Days on Market
  • MLS # : 6870696
  • Updated Date : 12/19/2020 at 00:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,621 sqft
  • Baths : 2 full
Listing Agent

Centex Sunshine Realty

Listing Agent's Description

Beautiful fully brick home in great area. Nearby Fort Hood gates, hospitals, schools and shopping. Quiet area are a with little traffic. Extended large covered patio with ceiling fan and roll down sunshades. Very clean and well maintained. Ceiling fans in all bedroom and garden tub in the master bathroom. School information is current 2020-2021 and all room sizes are approximate, buyer need to verify them.

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: Clear Creek Estates

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170kPrice in $102k179k

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

Neighborhood: Clear Creek Estates

NeighborhoodNIR Market*CityMarket2015Year2009 Q32019 Q21020104010601080110011201140116011801200Rent in $10111215

* 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
Iduma Elementary School Primary Regular 970 62 3
Live Oak Ridge Middle School Middle Regular 829 47 4
Shoemaker High School High Regular 2,152 140 3

Iduma Elementary School

  • Education Level: Primary
  • # of students: 970
  • # of teachers: 62
3
GreatSchools Rating

Live Oak Ridge Middle School

  • Education Level: Middle
  • # of students: 829
  • # of teachers: 47
4
GreatSchools Rating

Shoemaker High School

  • Education Level: High
  • # of students: 2,152
  • # of teachers: 140
3
GreatSchools Rating
 

$145,800$178,200$162,000

PURCHASE PRICE

$1,017$1,243$1,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,130
EXPENSES Loan Payment -$598
Property Tax -$340
Property Insurance -$112
Property Management Fees -$99
CASH FLOW
-$19

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$162,000

PROJECTED PRICE

$1,130

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 3.4%
Maintenance Year (1-5) 8.00%
Vacancy 8.48%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$50k$100k$150k$200k$250k$300k$350k$400k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$48,680

INVESTMENT

$48,680

Down Payment
$40,500
Rehab Estimate
$5,750
Closing Costs
$2,430

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$598

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $40,500
Loan Amount $121,500
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$2,438

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,130

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,037

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$1,000
1$1,0002$1,1253$1,130
$1,130
RENT COMPS ANALYSIS
  • 4401 Mildred Avenue Killeen, TX 3
    • 4 beds 2 baths ∙ 1,621 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,621 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,130
    • $0.70
    •  
  • 4001 Roundrock Drive Killeen, TX 1
    • 3 beds 2 baths ∙ 1,626 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,626 Sqft ∙ Built 2000
    property image
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $0.62
    •  
  • 5108 Bridle Drive Killeen, TX 2
    • 4 beds 2 baths ∙ 1,717 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,717 Sqft ∙ Built 2006
    property image
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,125
    • $0.66
    •  
PROPERTY LISTING DETAILS
Hyon Suk Simms
1.254.432.1140
Centex Sunshine Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 6870696
Last Updated: 12/19/2020
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