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456 East Ridge Road Niederwald, TX 78640

3 Beds 2 Baths 1,550 sqft Built 2020

$295,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $190.32
  • 2 Days on Market
  • MLS # : 1537617
  • Updated Date : 11/21/2020 at 21:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,550 sqft
  • Baths : 2 full
Listing Agent

Floyd Real Estate, L.l.c.

Listing Agent's Description

Beautiful 2020 Tilson, Rio model home in Niederwald. This home gives you all the space you need on a large lot (.869 Acres) with scenic, country views but still is only a few minutes to Buda with all its shops and restaurants. Home offers 3 bedroom and 2 full bathrooms on large lot. Granite countertops and stainless steel appliances in spacious kitchen with breakfast bar that opens to living room and dining area. Tile bathroom floors and double vanity in master. Utility room with wash and dryer hook ups in home. Brick exterior home with no carpet. Home sits on large lot.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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.

PRICE & RENT TRENDS

Zip Code: 78640

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $99k298k

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

Zip Code: 78640

ZipNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7011723

* 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
Camino Real Elementary School Primary Regular 769 52 3
Mccormick Middle School Middle Regular NA
Hays High School High Regular 2,409 121 6

Camino Real Elementary School

  • Education Level: Primary
  • # of students: 769
  • # of teachers: 52
3
GreatSchools Rating

Mccormick Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Hays High School

  • Education Level: High
  • # of students: 2,409
  • # of teachers: 121
6
GreatSchools Rating
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,088
Property Tax -$679
Property Insurance -$114
Property Management Fees -$138
CASH FLOW
-$290

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$295,000

PROJECTED PRICE

$1,730

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 6.3%
Maintenance Year (1-5) 3.00%
Vacancy 6.72%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$80,175

INVESTMENT

$80,175

Down Payment
$73,750
Rehab Estimate
$2,000
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$251

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,731

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4503$1,6904$1,730
$1,730
RENT COMPS ANALYSIS
  • 456 East Ridge Road Niederwald, TX 4
    • 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $1.12
    •  
  • 700 Engelke Road #b Niederwald, TX 1
    • 3 beds 2 baths ∙ 1,290 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,290 Sqft ∙ Built 2006
    property image
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.05
    •  
  • 1098 Engelke Buda, TX 2
    • 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 2019
    property image
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.00
    •  
  • 801 Petras Way Kyle, TX 3
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1992
    property image
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $1.30
    •  
PROPERTY LISTING DETAILS
Christine Kempff
1.512.413.1167
Floyd Real Estate, L.l.c.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 1537617
Last Updated: 11/21/2020
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