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5856 Mantalcino Dr Round Rock, TX 78665

5 Beds 4 Baths 2,914 sqft Built 2015

INVESTimate

$368,000

List Price

$2,230

$2,007 - $2,453

Rent Est.

$389,454  ( +5.83%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $126.29
  • 7 Days on Market
  • MLS # : 1277385
  • Updated Date : 08/21/2020 at 15:15
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,914 sqft
  • Baths : 4 full
Listing Agent

Kw-austin Portfolio Realestate

Listing Agent's Description

Spacious flowing floor plan in master planned Siena. The inviting kitchen opens to the dining & living, & features a granite island, SS appliances, & pass through to the formal dining. Private master suite offers two walk-in closets, dual vanity sink, step-in shower, & garden tub. Secondary bedroom on main level & full bath, perfect for guests. Upstairs is complete with a game room, three beds, & two baths. Relax & entertain under the covered patio. Community pool, splash pad, sports court & playground.

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

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 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
 

$331,200$404,800$368,000

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,358
Property Tax -$726
Property Insurance -$191
HOA -$25
Property Management Fees -$178
CASH FLOW
-$248

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.

$368,000

PROJECTED PRICE

$2,230

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 5.83%
Maintenance Year (1-5) 8.00%
Vacancy 6.80%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,270

INVESTMENT

$103,270

Down Payment
$92,000
Rehab Estimate
$5,750
Closing Costs
$5,520

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,358

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,000
Loan Amount $276,000
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,505

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,222

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$2,075
1$2,0752$2,1003$2,1994$2,2305$2,250
$2,250
RENT COMPS ANALYSIS
  • 5856 Mantalcino Dr Round Rock, 4
    • 5 beds 4 baths ∙ 2,914 Sqft ∙ Built 2015 5 beds 4 baths ∙ 2,914 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $0.77
    •  
  • 8001 Massa Dr Round Rock, 1
    • 4 beds 3 baths ∙ 2,735 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,735 Sqft ∙ Built 2017
    LEASED 09/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,075
    • $0.76
    •  
  • 6093 Mantalcino Dr Round Rock, 2
    • 4 beds 3 baths ∙ 2,970 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,970 Sqft ∙ Built 2016
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.71
    •  
  • 7311 Leonardo Dr Round Rock, 3
    • 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
    •  
  • 5804 Othello Pl Round Rock, 5
    • 4 beds 3 baths ∙ 2,923 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,923 Sqft ∙ Built 2016
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.77
    •  
PROPERTY LISTING DETAILS
Jeannette Spinelli
1.512.784.8022
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 #: 1277385
Last Updated: 08/21/2020
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