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

500 Hendelson Lane Hutto, TX 78634

3 Beds 2 Baths 1,600 sqft Built 2016

$250,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $156.25
  • 2 Days on Market
  • MLS # : 1879764
  • Updated Date : 12/13/2020 at 03:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,600 sqft
  • Baths : 2 full
Listing Agent

Re/max Capital City

Listing Agent's Description

** multiple offers ** This adorable one story 3 bed, 2 bath home nestled on a large corner lot in Hutto Highlands. Sporting brand new carpet, this home is move-in ready! The family room is spacious and open to the kitchen - great for entertaining! The kitchen features stainless steel appliances, beautiful granite counters and dark wood cabinets. It has a center island, a breakfast bar, & is open to the bright and airy breakfast area. The master bedroom & en suite enjoy high ceilings, walk-in closet, double sinks, garden tub and separate shower. The back yard is fully fenced and fully irrigated. It has plenty of room for running and playing which can be supervised from the comfort of the covered patio. Come see it for yourself.

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

Zip Code: 78634

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $117k298k

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

Zip Code: 78634

ZipNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8471723

* 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
Hutto Elementary School Primary Regular 644 40 7
Hutto Middle School Middle Regular 708 46 6
Hutto High School High Regular 1,666 99 6

Hutto Elementary School

  • Education Level: Primary
  • # of students: 644
  • # of teachers: 40
7
GreatSchools Rating

Hutto Middle School

  • Education Level: Middle
  • # of students: 708
  • # of teachers: 46
6
GreatSchools Rating

Hutto High School

  • Education Level: High
  • # of students: 1,666
  • # of teachers: 99
6
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$922
Property Tax -$586
Property Insurance -$117
HOA -$20
Property Management Fees -$99
CASH FLOW
-$124

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.

$250,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 6.4%
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-$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$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$4,150

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,624

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,6203$1,6954$1,7255$1,750
$1,750
RENT COMPS ANALYSIS
  • 500 Hendelson Lane Hutto, TX 2
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $1.01
    •  
  • 127 Brown Street Hutto, TX 1
    • 3 beds 2 baths ∙ 1,495 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,495 Sqft ∙ Built 2003
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.00
    •  
  • 405 Baxendale Street Hutto, TX 3
    • 4 beds 2 baths ∙ 1,671 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,671 Sqft ∙ Built 2020
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.01
    •  
  • 106 Pumpkin Drive Hutto, TX 4
    • 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 2020
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $1.04
    •  
  • 117 Colthorpe Lane Hutto, TX 5
    • 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 2012
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.01
    •  
PROPERTY LISTING DETAILS
Dow Kennedy
1.512.689.0509
Re/max Capital City
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 1879764
Last Updated: 12/13/2020
BESbswy