Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

457 Dragon Ridge Road Buda, TX 78610

4 Beds 2 Baths 1,679 sqft Built 2013

$264,500

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $157.53
  • 3 Days on Market
  • MLS # : 9305840
  • Updated Date : 01/22/2021 at 19:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,679 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Welcome to this beautiful property in Buda! This spacious 4 bed / 2 bath home is perfect for those looking to be in a great school district with tons of convenience and security. Less than a mile from Pfluger Elementary, enjoy quick commutes while simultaneously feeling safe with this property's Vivint Smarthome Security System. Featuring a video system along with a doorbell camera, an automated front door lock/garage door control, you will find no shortage of convenience, security, and modern features with this home. You will also experience better internet, as Grande outperforms Spectrum with faster internet speeds and quality! Perfect for indoor entertaining with it's modern, open kitchen with beautiful granite countertops, stainless steel appliances (upgraded dishwasher), pantry, and more! When you're ready to take the entertainment outside, enjoy the outdoor covered patio with a sunshade curtain and fan on those hot, Texas summers. For nature lovers, the private backyard also features 2 live oak trees. On top of this, the master bathroom features a 5 sprayer shower! Overall, the open floor plan along with the home's close proximity to schools and I35 makes it a perfect home for those looking for convenience, safety, and a space that will create memories for years to come.

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: 78610

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280kPrice in $126k298k

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

Zip Code: 78610

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9371840

* 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
Ralph Pfluger Elementary School Primary Regular 655 40 8
Mccormick Middle School Middle Regular NA
Hays High School High Regular 2,409 121 6

Ralph Pfluger Elementary School

  • Education Level: Primary
  • # of students: 655
  • # of teachers: 40
8
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
 

$238,050$290,950$264,500

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$919
Property Tax -$694
Property Insurance -$122
HOA -$31
Property Management Fees -$99
CASH FLOW
-$184

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.

$264,500

PROJECTED PRICE

$1,680

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 4.2%
Maintenance Year (1-5) 8.00%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,843

INVESTMENT

$75,843

Down Payment
$66,125
Rehab Estimate
$5,750
Closing Costs
$3,968

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$919

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,125
Loan Amount $198,375
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$1,261

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,637

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,6253$1,6804$1,7005$1,750
$1,750
RENT COMPS ANALYSIS
  • 457 Dragon Ridge Road Buda, TX 3
    • 4 beds 2 baths ∙ 1,679 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,679 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $1.00
    •  
  • 232 Brandons Way Buda, TX 1
    • 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 2006
    property image
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.94
    •  
  • 854 Shadow Creek Blvd Buda, TX 2
    • 3 beds 2 baths ∙ 1,658 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,658 Sqft ∙ Built 2005
    property image
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.98
    •  
  • 144 Sandy Path Buda, TX 4
    • 3 beds 3 baths ∙ 1,667 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,667 Sqft ∙ Built 2017
    property image
    LEASED 12/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.02
    •  
  • 795 Shadow Creek Boulevard Buda, TX 5
    • 4 beds 2 baths ∙ 1,820 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,820 Sqft ∙ Built 2005
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.96
    •  
PROPERTY LISTING DETAILS
Allison Pflaum
1.512.434.0630
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 9305840
Last Updated: 01/22/2021
BESbswy