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518 Luna Vista Drive Hutto, TX 78634

4 Beds 3 Baths 2,327 sqft Built 2016

$315,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $135.37
  • 2 Days on Market
  • MLS # : 1767133
  • Updated Date : 02/20/2021 at 19:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,327 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Posh Properties

Listing Agent's Description

PLEASE TXT 512-545-8694 FOR SHOWING OR USE SHOWING SERVICE. PLEASE SUBMIT OFFERS TO DANIELA@REMAXPOSH.COM. NO OFFER DEADLINE SET YET. LOVELY 2 STORY WITH GRANITE COUNTERTOPS, NATURAL GAS, FULL GUTTERS, A COMMUNITY POOL & SPLASH PARK. FRIDGE DOES NOT CONVEY.

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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: 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
Ray Elementary School Primary Regular 770 47 7
Hutto High School High Regular 1,666 99 6

Ray Elementary School

  • Education Level: Primary
  • # of students: 770
  • # of teachers: 47
7
GreatSchools Rating

Hutto High School

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

$283,500$346,500$315,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,094
Property Tax -$738
Property Insurance -$158
HOA -$25
Property Management Fees -$99
CASH FLOW
-$314

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.

$315,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.57%

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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$319

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,850

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,8003$1,8004$1,8255$1,850
$1,850
RENT COMPS ANALYSIS
  • 518 Luna Vista Drive Hutto, TX 3
    • 4 beds 3 baths ∙ 2,327 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,327 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.77
    •  
  • 603 Luna Vista Drive Hutto, TX 1
    • 4 beds 3 baths ∙ 2,194 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,194 Sqft ∙ Built 2016
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.72
    •  
  • 300 Bubbling Brook Drive Hutto, TX 2
    • 3 beds 2 baths ∙ 2,154 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,154 Sqft ∙ Built 2006
    LEASED 02/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.84
    •  
  • 210 Mossy Rock Drive Hutto, TX 4
    • 4 beds 3 baths ∙ 2,355 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,355 Sqft ∙ Built 2007
    LEASED 01/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.77
    •  
  • 227 Mossy Rock Drive Hutto, TX 5
    • 3 beds 3 baths ∙ 2,172 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,172 Sqft ∙ Built 2006
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.85
    •  
PROPERTY LISTING DETAILS
Daniela Crowley
Re/max Posh Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 1767133
Last Updated: 02/20/2021
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