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5303 Western Swing Court Killeen, TX 76542

3 Beds 3 Baths 2,064 sqft Built 2003

$177,500

List Price

$1,170

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $86.00
  • 108 Days on Market
  • MLS # : 8445004
  • Updated Date : 12/24/2020 at 02:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,064 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Premier Realtors

Listing Agent's Description

Step into a new routine here and enjoy such features as a two-car garage, wood fencing, and a center island in the kitchen. 3 bedrooms, 2 and 1/2 baths. From birthdays to buffets, you have it under control with the formal dining room. Entertain or simply relax on the comfortable covered patio looking out to your very own basketball court. Also for your consideration: Ceramic tile flooring, laundry room, separate shower, and garden tub in the master bath. Great property with charm and personality.FEMA - Unknown Sprinkler Sys:Yes

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
Saegert Elementary School Primary Regular 976 61 7
Patterson Middle School Middle Regular 1,249 72 6
Ellison High School High Regular 2,638 159 3

Saegert Elementary School

  • Education Level: Primary
  • # of students: 976
  • # of teachers: 61
7
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
 

$159,750$195,250$177,500

PURCHASE PRICE

$1,053$1,287$1,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,170
EXPENSES Loan Payment -$655
Property Tax -$373
Property Insurance -$135
Property Management Fees -$99
CASH FLOW
-$92

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.

$177,500

PROJECTED PRICE

$1,170

PROJECTED RENT

0.66%

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$50k$100k$150k$200k$250k$300k$350k$400k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$52,788

INVESTMENT

$52,788

Down Payment
$44,375
Rehab Estimate
$5,750
Closing Costs
$2,663

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$655

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $44,375
Loan Amount $133,125
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$667

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,170

    LIST RENT
  • $0.57

    LIST RENT PER SQFT
  • $1,170

    COMP ESTIMATED VALUE
  • $0.57

    COMP AVG. RENT PER SQFT
Comps Range
$775
1$7752$1,1703$1,2004$1,250
$1,250
RENT COMPS ANALYSIS
  • 5303 Western Swing Court Killeen, TX 2
    • 3 beds 3 baths ∙ 2,064 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,064 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,170
    • $0.57
    •  
  • 202 Castellon Ct Killeen, TX 1
    • 3 beds 2 baths ∙ 1,954 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,954 Sqft ∙ Built 2005
    property image
    LEASED 01/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $775
    • $0.40
    •  
  • 2401 Napier Dr Killeen, TX 3
    • 3 beds 2 baths ∙ 2,002 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,002 Sqft ∙ Built 2004
    property image
    LEASED 06/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.60
    •  
  • 2201 Price Dr Killeen, TX 4
    • 3 beds 3 baths ∙ 1,786 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,786 Sqft ∙ Built 2006
    property image
    LEASED 08/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.70
    •  
PROPERTY LISTING DETAILS
Robert Herrings
1.254.394.6800
Century 21 Premier Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 8445004
Last Updated: 12/24/2020
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