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4537 Wandering Vine Trail Round Rock, TX 78665

4 Beds 3 Baths 2,662 sqft Built 2007

$388,900

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $146.09
  • 3 Days on Market
  • MLS # : 1836549
  • Updated Date : 01/15/2021 at 14:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,662 sqft
  • Baths : 3 full
Listing Agent

Realagent

Listing Agent's Description

Lovely Teravista home in Round Rock ISD, featuring oodles of extra design touches inside and out. Lives like a one story with Owner's Suite and two secondary bedrooms down and a spacious Bonus Room with full bath up. The gorgeous stone exterior wraps all four sides. Maintain the manicured lawn and maturing trees with underground sprinkler system. Open design, ample natural light, and tiled common and wet areas make this home well suited for gathering friends and family. Kitchen features oversized island perfect for small bites or buffets. Gorgeous stone alcove surrounds the built-in oven and cooktop. Crown molding, vaulted ceilings, art niches, and decor paint add that extra touch. Nicely appointed Owner's Suite with full bath and walk in closet. Upstairs Bonus Room with privacy door, full bath, and walk-in closet gives you flexible living choices - work or learn from home, secondary family space, or even a second Owners Suite. Enjoy outdoor living on the oversized patio - one side covered and the other under a pergola. Added storage with outdoor shed. Golf course community and a host of amenities.

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: Teravista

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $133k410k

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

Neighborhood: Teravista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9972192

* 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
Teravista Elementary School Primary Regular 881 58 8
Hopewell Middle School Middle Regular 967 62 8
Stony Point High School High Regular 2,463 173 6

Teravista Elementary School

  • Education Level: Primary
  • # of students: 881
  • # of teachers: 58
8
GreatSchools Rating

Hopewell Middle School

  • Education Level: Middle
  • # of students: 967
  • # of teachers: 62
8
GreatSchools Rating

Stony Point High School

  • Education Level: High
  • # of students: 2,463
  • # of teachers: 173
6
GreatSchools Rating
 

$350,010$427,790$388,900

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 -$1,351
Property Tax -$767
Property Insurance -$177
HOA -$64
Property Management Fees -$99
CASH FLOW
-$337

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.

$388,900

PROJECTED PRICE

$2,120

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 4.5%
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-$10k-$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$108,809

INVESTMENT

$108,809

Down Payment
$97,225
Rehab Estimate
$5,750
Closing Costs
$5,834

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,351

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,225
Loan Amount $291,675
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,013

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
  • $0.8

    LIST RENT PER SQFT
  • $2,110

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,1203$2,1754$2,2705$2,300
$2,300
RENT COMPS ANALYSIS
  • 4537 Wandering Vine Trail Round Rock, TX 2
    • 4 beds 3 baths ∙ 2,662 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,662 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $0.80
    •  
  • 1582 Monterosa Loop Round Rock, TX 1
    • 4 beds 2 baths ∙ 2,562 Sqft ∙ Built 2010 4 beds 2 baths ∙ 2,562 Sqft ∙ Built 2010
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.80
    •  
  • 4201 Windberry Court Round Rock, TX 3
    • 4 beds 3 baths ∙ 2,818 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,818 Sqft ∙ Built 2008
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.77
    •  
  • 1897 Windberry Path Round Rock, TX 4
    • 4 beds 3 baths ∙ 2,857 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,857 Sqft ∙ Built 2007
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $0.79
    •  
  • 2108 Asbury Park Drive Round Rock, TX 5
    • 4 beds 3 baths ∙ 2,856 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,856 Sqft ∙ Built 2012
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.81
    •  
PROPERTY LISTING DETAILS
Eliseo Morales
1.512.931.1474
Realagent
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 1836549
Last Updated: 01/15/2021
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