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5745 Porano Circle Round Rock, TX 78665

3 Beds 3 Baths 2,146 sqft Built 2016

$273,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $127.21
  • 4 Days on Market
  • MLS # : 4094864
  • Updated Date : 11/05/2020 at 22:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,146 sqft
  • Baths : 2 full , 1 half
Listing Agent

Watters International Realty

Listing Agent's Description

Beautiful 3 bedroom home in Siena with gorgeous wooden corner accent wall in the main living area and 10' ceilings. Watch the children play from your kitchen window while preparing meals. Take care of the business of the day at your office nook adjacent to the kitchen. Upstairs offers a bonus loft area perfect for school room or second living area. Owner's retreat boasts a full bath with dual vanity, walk-in shower, spacious linen closet plus a huge walk-in closet! Secondary bedrooms are spacious. Located just minutes from 79 with easy access to IH35 or 130 toll.

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
 

$245,700$300,300$273,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,007
Property Tax -$538
Property Insurance -$148
HOA -$25
Property Management Fees -$156
CASH FLOW
$76

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.

$273,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.71%

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$900k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$78,095

INVESTMENT

$78,095

Down Payment
$68,250
Rehab Estimate
$5,750
Closing Costs
$4,095

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,250
Loan Amount $204,750
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$19,422

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,942

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,775
1$1,7752$1,7953$1,8954$1,9005$1,950
$1,950
RENT COMPS ANALYSIS
  • 5745 Porano Circle Round Rock, TX 5
    • 3 beds 3 baths ∙ 2,146 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,146 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.91
    •  
  • 5664 Porano Cir Round Rock, TX 1
    • 3 beds 3 baths ∙ 2,092 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,092 Sqft ∙ Built 2015
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.85
    •  
  • 5805 Parma St Round Rock, TX 2
    • 3 beds 2 baths ∙ 2,089 Sqft ∙ Built 2015 3 beds 2 baths ∙ 2,089 Sqft ∙ Built 2015
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.86
    •  
  • 5769 Porano Round Rock, TX 3
    • 3 beds 3 baths ∙ 2,015 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,015 Sqft ∙ Built 2016
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.94
    •  
  • 8120 Rosano St Round Rock, TX 4
    • 3 beds 2 baths ∙ 1,954 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,954 Sqft ∙ Built 2015
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.97
    •  
PROPERTY LISTING DETAILS
Christopher Watters
1.512.646.0038
Watters International Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 4094864
Last Updated: 11/05/2020
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