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5108 Screaming Eagle Circle Killeen, TX 76542

4 Beds 3 Baths 2,294 sqft Built 2014

$218,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $95.03
  • 108 Days on Market
  • MLS # : 9897169
  • Updated Date : 12/24/2020 at 02:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,294 sqft
  • Baths : 2 full , 1 half
Listing Agent

Empryal Group

Listing Agent's Description

This Beautiful well kept Gem won't last long. It has NEW PAINT through out & the Seller is offering a $2500 Flooring Allowance. This GREAT Floor Plan has a Kitchen that's every Chef's Dream...Plenty of Cabinet Space & a Walk in Pantry. Upstairs you will find 4 NICE Sized Bedrooms & a Huge Master Suite with everything you've ever DREAMED OF!!! The Master Suite is fit for a King with an Over-sized Room, 2 Walk In Closets, Two Linen Closets with Double Vanities & so Much More...CALL TODAY!!!FEMA - Unknown

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: 76542

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170kPrice in $102k179k

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

Zip Code: 76542

ZipNIR Market*CityMarket2015Year2009 Q32019 Q21020104010601080110011201140116011801200122012401260Rent in $10111262

* 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
Haynes Elementary School Primary Regular 1,040 61 5
Patterson Middle School Middle Regular 1,249 72 6
Ellison High School High Regular 2,638 159 3

Haynes Elementary School

  • Education Level: Primary
  • # of students: 1,040
  • # of teachers: 61
5
GreatSchools Rating

Patterson Middle School

  • Education Level: Middle
  • # of students: 1,249
  • # of teachers: 72
6
GreatSchools Rating

Ellison High School

  • Education Level: High
  • # of students: 2,638
  • # of teachers: 159
3
GreatSchools Rating
 

$196,200$239,800$218,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$804
Property Tax -$453
Property Insurance -$147
Property Management Fees -$99
CASH FLOW
-$84

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.

$218,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 1.7%
Maintenance Year (1-5) 8.00%
Vacancy 8.48%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$63,520

INVESTMENT

$63,520

Down Payment
$54,500
Rehab Estimate
$5,750
Closing Costs
$3,270

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$804

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $54,500
Loan Amount $163,500
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,469

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.62

    LIST RENT PER SQFT
  • $1,468

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,3503$1,420
$1,420
RENT COMPS ANALYSIS
  • 5108 Screaming Eagle Circle Killeen, TX 3
    • 4 beds 3 baths ∙ 2,294 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,294 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.62
    •  
  • 4512 Lori Dr Killeen, TX 1
    • 5 beds 3 baths ∙ 2,024 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,024 Sqft ∙ Built 2001
    property image
    LEASED 05/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.59
    •  
  • 2505 Tara Dr Killeen, TX 2
    • 3 beds 2 baths ∙ 1,948 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,948 Sqft ∙ Built 2014
    property image
    LEASED 04/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.69
    •  
PROPERTY LISTING DETAILS
Anthony Rodriguez
1.254.702.3165
Empryal Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 9897169
Last Updated: 12/24/2020
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