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5825 Pescia Street Round Rock, TX 78665

3 Beds 2 Baths 1,742 sqft Built 2014

$265,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $152.12
  • 3 Days on Market
  • MLS # : 3360801
  • Updated Date : 11/21/2020 at 04:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,742 sqft
  • Baths : 2 full
Listing Agent

Jp And Associates Realtors

Listing Agent's Description

Like the Model plan with the Upgrades! Well maintained 1 story home in the sought after Siena community. Perfect floorpan for entertaining and enjoying family with an open concept kitchen/Living/Dining, and an abundance of natural light. Plenty of cabinets in this roomy kitchen with breakfast bar, upgraded granite countertops, backsplash and 42"cabinets. Upgraded range and Stainless Steel appliances. Large pantry for extra storage and Laundry room off of the kitchen. Take the dining outdoors on the extended and covered patio, with a ceiling fan! Inviting and carefree tile throughout the home, with carpet only in the bedrooms! Primary suite is in the back of the house with a separate shower, garden tub, and the taller vanity with double sinks. Separate secondary bedrooms share a hallway with 2 large closets, and full bathroom with room for a vanity stool. Ceiling fans and blinds in all rooms. Bonus-exterior Holiday Lighting package! This home is located close to IH35, Toll130, Dell Diamond, the newly opened Kalahari Resort, the Round Rock Outlet Mall, Ikea and so much more!

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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

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
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$978
Property Tax -$523
Property Insurance -$125
HOA -$25
Property Management Fees -$132
CASH FLOW
-$132

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.

$265,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.62%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$3,393

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,642

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6953$1,7754$1,850
$1,850
RENT COMPS ANALYSIS
  • 5825 Pescia Street Round Rock, TX 1
    • 3 beds 2 baths ∙ 1,742 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,742 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.95
    •  
  • 5801 Sardinia Drive Round Rock, TX 2
    • 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 2014
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.90
    •  
  • 6089 Mantalcino Dr Round Rock, TX 3
    • 3 beds 2 baths ∙ 1,817 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,817 Sqft ∙ Built 2016
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.98
    •  
  • 5656 Porano Circle Round Rock, TX 4
    • 3 beds 2 baths ∙ 1,867 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,867 Sqft ∙ Built 2015
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.99
    •  
PROPERTY LISTING DETAILS
Lorraine Seymour
1.512.576.5796
Jp And Associates Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 3360801
Last Updated: 11/21/2020
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