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4811 Sapphire Drive Killeen, TX 76542

4 Beds 3 Baths 2,199 sqft Built 2006

$242,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $110.05
  • 3 Days on Market
  • MLS # : 6549047
  • Updated Date : 11/14/2020 at 15:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,199 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Rosewood, R on Graphite, L on Sapphire

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: White Rock Estates

NeighborhoodNIR Market*CityMarket20102015Year2006 Q22019110k120k130k140k150k160k170k180k190k200k210k220k230kPrice in $102k235k

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

Neighborhood: White Rock Estates

NeighborhoodNIR Market*CityMarket2015Year2009 Q32019 Q210501100115012001250130013501400145015001550Rent in $10111569

* 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
Timber Ridge Elementary School Primary Regular 1,089 64 5
Liberty Hill Middle School Middle Regular 898 53 6
Harker Heights High School High Regular 2,354 146 5

Timber Ridge Elementary School

  • Education Level: Primary
  • # of students: 1,089
  • # of teachers: 64
5
GreatSchools Rating

Liberty Hill Middle School

  • Education Level: Middle
  • # of students: 898
  • # of teachers: 53
6
GreatSchools Rating

Harker Heights High School

  • Education Level: High
  • # of students: 2,354
  • # of teachers: 146
5
GreatSchools Rating
 

$217,800$266,200$242,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$893
Property Tax -$536
Property Insurance -$143
Property Management Fees -$129
CASH FLOW
-$90

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$242,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 2.0%
Maintenance Year (1-5) 8.00%
Vacancy 8.62%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,880

INVESTMENT

$69,880

Down Payment
$60,500
Rehab Estimate
$5,750
Closing Costs
$3,630

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$893

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $60,500
Loan Amount $181,500
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$768

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,693

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,610
1$1,6102$1,855
$1,855
RENT COMPS ANALYSIS
  • 4811 Sapphire Drive Killeen, TX 1
    • 4 beds 3 baths ∙ 2,199 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,199 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.73
    •  
  • 202 E Cherokee Dr Harker Heights, TX 2
    • 5 beds 2 baths ∙ 2,397 Sqft ∙ Built 1973 5 beds 2 baths ∙ 2,397 Sqft ∙ Built 1973
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,855
    • $0.77
    •  
PROPERTY LISTING DETAILS
Gabriele Zehr
1.254.371.7737
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 6549047
Last Updated: 11/14/2020
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