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5813 Minerva Cove Round Rock, TX 78665

5 Beds 3 Baths 2,690 sqft Built 2017

$399,000

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $148.33
  • 2 Days on Market
  • MLS # : 5291736
  • Updated Date : 03/20/2021 at 20:43
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,690 sqft
  • Baths : 3 full
Listing Agent

Kw-austin Portfolio Realestate

Listing Agent's Description

Lovely two-story home in desirable Siena neighborhood. This home offers 5 bedrooms, 3 baths, and a rare 3 car garage. Gorgeous white open-concept kitchen with quartz counter-tops and stainless steel appliances, large living room. Siena Community offers an Olympic-sized pool with a splash pad and connected pavilion, kid's playground, basketball court, soccer field, and miles of hike and bike trails. Currently, a second kid's playground and pool are being constructed. Close to shopping and retail and grocery!

SEE MORE

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: 78665

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $128k410k

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

Zip Code: 78665

ZipNIR 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 High School High Regular 1,666 99 6

Hutto High School

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

$359,100$438,900$399,000

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,386
Property Tax -$787
Property Insurance -$178
HOA -$8
Property Management Fees -$99
CASH FLOW
-$168

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.

$399,000

PROJECTED PRICE

$2,290

PROJECTED RENT

0.57%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,386

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$6,704

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,246

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,1993$2,2004$2,2905$2,295
$2,295
RENT COMPS ANALYSIS
  • 5813 Minerva Cove Round Rock, TX 4
    • 5 beds 3 baths ∙ 2,690 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,690 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $0.85
    •  
  • 5945 Sardinia Drive Round Rock, TX 1
    • 4 beds 3 baths ∙ 2,562 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,562 Sqft ∙ Built 2015
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.84
    •  
  • 7311 Leonardo Dr Round Rock, TX 2
    • 4 beds 3 baths ∙ 2,718 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,718 Sqft ∙ Built 2019
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,199
    • $0.81
    •  
  • 2951 Angelina Drive Round Rock, TX 3
    • 4 beds 3 baths ∙ 2,689 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,689 Sqft ∙ Built 2012
    LEASED 01/14/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.82
    •  
  • 5948 Pescia Street Round Rock, TX 5
    • 4 beds 3 baths ∙ 2,630 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,630 Sqft ∙ Built 2015
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.87
    •  
PROPERTY LISTING DETAILS
Stewart Shank
Kw-austin Portfolio Realestate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 5291736
Last Updated: 03/20/2021
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