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5641 Sacco Street Round Rock, TX 78665

3 Beds 2 Baths 1,385 sqft Built 2017

$265,300

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $191.55
  • 2 Days on Market
  • MLS # : 4748035
  • Updated Date : 12/12/2020 at 18:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,385 sqft
  • Baths : 2 full
Listing Agent

Re/max Military City

Listing Agent's Description

You will fall in love with this stunning 3 bedroom 2 bathroom Saratoga home that greets you with a breathtaking stone exterior and excellent curb appeal. This home features arched entryways into the open living room that overlooks a gourmet kitchen, with updated cabinetry, granite countertops, and a beautiful tiled backsplash. Enjoy the attractive adjoining dining room with bay windows and double doors that lead outside to the large private backyard oasis. The primary bedroom includes a private bathroom, complete with double vanity sinks and a beautifully tiled walk-in glass shower stall. All additional bedrooms have high angled ceilings! Enjoy an easy commute to The Domain, Downtown, and Dell Diamond!

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

Neighborhood: Siena

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $119k410k

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

Neighborhood: Siena

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9972157

* 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
Hutto Middle School Primary Regular 708 46 6
Hutto Middle School Middle Regular 708 46 6
Hutto High School High Regular 1,666 99 6

Hutto Middle School

  • Education Level: Primary
  • # of students: 708
  • # of teachers: 46
6
GreatSchools Rating

Hutto Middle School

  • Education Level: Middle
  • # of students: 708
  • # of teachers: 46
6
GreatSchools Rating

Hutto High School

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

$238,770$291,830$265,300

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$979
Property Tax -$523
Property Insurance -$105
HOA -$25
Property Management Fees -$99
CASH FLOW
-$181

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.

$265,300

PROJECTED PRICE

$1,550

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 5.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.80%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$76,055

INVESTMENT

$76,055

Down Payment
$66,325
Rehab Estimate
$5,750
Closing Costs
$3,980

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$979

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,325
Loan Amount $198,975
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$2,916

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,337

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5003$1,5504$1,550
$1,550
RENT COMPS ANALYSIS
  • 5641 Sacco Street Round Rock, TX 4
    • 3 beds 2 baths ∙ 1,385 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,385 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.12
    •  
  • 3444 Covered Wagon Trail Round Rock, TX 1
    • 4 beds 2 baths ∙ 1,565 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,565 Sqft ∙ Built 2005
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.96
    •  
  • 1012 Kenneys Way Round Rock, TX 2
    • 4 beds 2 baths ∙ 1,563 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,563 Sqft ∙ Built 2006
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.96
    •  
  • 1316 Kenneys Way Round Rock, TX 3
    • 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 2004
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.98
    •  
PROPERTY LISTING DETAILS
Levi Rodgers
1.210.331.7000
Re/max Military City
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 4748035
Last Updated: 12/12/2020
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