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

5403 Causeway Court Killeen, TX 76549

3 Beds 2 Baths 1,307 sqft Built 2005

$147,000

List Price

$1,030

$927 - $1.1K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $112.47
  • 3 Days on Market
  • MLS # : 6435333
  • Updated Date : 12/04/2020 at 21:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,307 sqft
  • Baths : 2 full
Listing Agent

The Salas Team, Ltd

Listing Agent's Description

Beautiful single-family home in a cul-de-sac in a wonderful neighborhood. Upon entry you will see the stunning formal dining room that has large windows, crown molding, chandelier, vinyl flooring, and is open to the kitchen. Complete kitchen has electric stove, dishwasher, and ample cabinets. Large living room has a lighted ceiling fan, custom crown molding, lots of windows, door to the exterior, and laminate flooring. Master bedroom has its own ensuite that includes a double vanity and shower tub combo. Amazing backyard has wood privacy fence, covered patio, and large shed. Do not miss out on this great home, so schedule your private tour today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Bridgewood

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170kPrice in $102k179k

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

Neighborhood: Bridgewood

NeighborhoodNIR Market*CityMarket2015Year2009 Q32019 Q2102010401060108011001120114011601180120012201240Rent in $10111255

* 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
Dr Joseph A Fowler Elementary School Primary Regular NA
Roy J Smith Middle Middle Regular NA
Shoemaker High School High Regular 2,152 140 3

Dr Joseph A Fowler Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Roy J Smith Middle

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Shoemaker High School

  • Education Level: High
  • # of students: 2,152
  • # of teachers: 140
3
GreatSchools Rating
 

$132,300$161,700$147,000

PURCHASE PRICE

$927$1,133$1,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,030
EXPENSES Loan Payment -$542
Property Tax -$305
Property Insurance -$96
Property Management Fees -$99
CASH FLOW
-$12

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.

$147,000

PROJECTED PRICE

$1,030

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$50k$100k$150k$200k$250k$300k$350k

PROJECTED ANNUAL CASH FLOW

11530-$3.0k-$2.0k-$1.0k$0.0$1.0k$2.0k$3.0k$4.0k$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$44,705

INVESTMENT

$44,705

Down Payment
$36,750
Rehab Estimate
$5,750
Closing Costs
$2,205

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$542

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $36,750
Loan Amount $110,250
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$2,544

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,030

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,019

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,030
1$1,0302$1,250
$1,250
RENT COMPS ANALYSIS
  • 5403 Causeway Court Killeen, TX 1
    • 3 beds 2 baths ∙ 1,307 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,307 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,030
    • $0.79
    •  
  • 6506 Cool Creek Drive Killeen, TX 2
    • 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2015
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.78
    •  
PROPERTY LISTING DETAILS
Shelly Salas
1.254.616.0356
The Salas Team, Ltd
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 6435333
Last Updated: 12/04/2020
BESbswy