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PROPERTY INFO
FACTS
- Single Family
- Built In 2010
- Price/Sqft : $99.94
- 3 Days on Market
- MLS # : 9168271
- Updated Date : 12/18/2020 at 15:41
CONSTRUCTION
- Beds : 3
- Floor Size : 1,650 sqft
- Baths : 2 full
Listing Agent
The Salas Team, Ltd
Listing Agent's Description
Gorgeous single-family home in an amazing neighborhood near Fort Hood and Killeen-Fort Hood Regional Airport. Upon entry you are welcomed to a modern complete kitchen that is equipped with stainless steel appliances, granite countertops, breakfast bar, and tile flooring. Formal dining room has a chandelier, and arched cutouts to see into the living room. Amazing spacious living room has a wood burning fireplace and plush carpet. Master bedroom has its own ensuite that includes a double vanity and shower/ tub combo. Do not miss out on this great home, so schedule your private tour today!
SEE MORE
- #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: Bridgewood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bridgewood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,140 |
| EXPENSES | Loan Payment | -$608 |
| Property Tax | -$347 | |
| Property Insurance | -$114 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$28
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.
$164,900
PROJECTED PRICE
$1,140
PROJECTED RENT
0.69%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.50% |
| Appreciation Year (1-5) | 1.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.48% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$49,449
LOAN DETAILS
$608
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $41,225 |
| Loan Amount | $123,675 |
1.83
YEARS SAVED
$2,148
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,140
LIST RENT -
$0.69
LIST RENT PER SQFT
-
$1,163
COMP ESTIMATED VALUE -
$0.71
COMP AVG. RENT PER SQFT
Comps Range
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5013 Lions Gate Lane Killeen, TX 3
- 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 2010
![property image]()
- Rent
- Rent Per SQFT
- $1,140
- $0.69
-
4001 Roundrock Drive Killeen, TX 1
- 3 beds 2 baths ∙ 1,626 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,626 Sqft ∙ Built 2000
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LEASED 01/02/20- Rent
- Rent Per SQFT
- $1,000
- $0.62
-
5108 Bridle Drive Killeen, TX 2
- 4 beds 2 baths ∙ 1,717 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,717 Sqft ∙ Built 2006
![property image]()
LEASED 10/29/19- Rent
- Rent Per SQFT
- $1,125
- $0.66
-
6506 Cool Creek Drive Killeen, TX 4
- 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2015
![property image]()
LEASED 12/17/19- Rent
- Rent Per SQFT
- $1,250
- $0.78
-
2507 Hector Drive Killeen, TX 5
- 4 beds 2 baths ∙ 1,910 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,910 Sqft ∙ Built 2013
![property image]()
LEASED 06/05/20- Rent
- Rent Per SQFT
- $1,450
- $0.76
PROPERTY LISTING DETAILS
1.254.616.0356
The Salas Team, Ltd
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 9168271
Last Updated: 12/18/2020
