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4404 S Summercrest Loop Round Rock, TX 78681

4 Beds 3 Baths 2,531 sqft Built 2000

$360,000

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $142.24
  • 6 Days on Market
  • MLS # : 9011900
  • Updated Date : 10/30/2020 at 17:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,531 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty-rr (wc)

Listing Agent's Description

Meticulously maintained one-story home in the highly desired Vista Oaks community of Round Rock! This gorgeous home features a great open floor plan that includes both a home office and a formal dining room, walk-in closets in every room, a large master suite with his/hers separate walk-in closets, and updated flooring (no carpet), and plenty of upgrades throughout. To top it off, the spacious, private backyard features a recent outdoor deck offering the perfect spot for relaxing or hosting the next backyard gathering! All of this in an established tree-lined neighborhood that is zoned to top rated Leander ISD schools. Come see for yourself and fall in love!

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
 

$324,000$396,000$360,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,328
Property Tax -$710
Property Insurance -$169
HOA -$35
Property Management Fees -$163
CASH FLOW
-$366

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.

$360,000

PROJECTED PRICE

$2,040

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

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$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$299

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,215

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,0003$2,0404$2,300
$2,300
RENT COMPS ANALYSIS
  • 4404 S Summercrest Loop Round Rock, TX 3
    • 4 beds 3 baths ∙ 2,531 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,531 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.81
    •  
  • 4417 S Summercrest Loop Round Rock, TX 1
    • 4 beds 3 baths ∙ 2,466 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,466 Sqft ∙ Built 2000
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.77
    •  
  • 4025 Honey Bear Loop Round Rock, TX 2
    • 4 beds 2 baths ∙ 2,405 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,405 Sqft ∙ Built 1993
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.83
    •  
  • 4520 Katherine Drive Round Rock, TX 4
    • 4 beds 3 baths ∙ 2,415 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,415 Sqft ∙ Built 2016
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.95
    •  
PROPERTY LISTING DETAILS
Kasey Jorgenson
1.512.439.3698
Keller Williams Realty-rr (wc)
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 9011900
Last Updated: 10/30/2020
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