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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $167.15
- 3 Days on Market
- MLS # : 7304576
- Updated Date : 02/06/2021 at 16:42
CONSTRUCTION
- Beds : 3
- Floor Size : 2,088 sqft
- Baths : 2 full
Listing Agent
Realty Austin
Listing Agent's Description
Don't miss this charming 1-story home in Siena! The manicured front yard features designer landscaping shrubs and 2 trees, creating an inviting ambiance. The perfect entertaining space awaits you with a seamless flow from the living room into the dining room and then into the kitchen. The designer kitchen is stunning with upgraded 2 CM granite countertops, sleek black Frigidaire appliances, tile backsplash and maple cabinets. Feel refreshed waking up in the beautiful owner's suite that boasts an ensuite bath, walk-in closet and the upmost privacy as it's separate from the 2 guest bedrooms. Enjoy having 2 flex spaces that can be used as an office, play room or workout area. The covered back patio is the perfect place to decompress in the evenings. The mature trees, that are rare for this neighborhood, shade the backyard and create more privacy when in bloom. This home also comes complete with low e windows, tons of storage, finished out interior of the garage, updated chandeliers in the dining room and above the kitchen island and 9 ft vaulted ceilings in the common areas. Pride of ownership shines through! Come see it TODAY!
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 78665
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,780 |
| EXPENSES | Loan Payment | -$1,212 |
| Property Tax | -$688 | |
| Property Insurance | -$145 | |
| HOA | -$25 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$389
|
||
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.
$349,000
PROJECTED PRICE
$1,780
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$98,235
LOAN DETAILS
$1,212
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,250 |
| Loan Amount | $261,750 |
0.33
YEARS SAVED
$194
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,780
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$1,822
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
5937 Malta Circle Round Rock, TX 1
- 3 beds 2 baths ∙ 2,088 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,088 Sqft ∙ Built 2017
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- Rent Per SQFT
- $1,780
- $0.85
-
5936 Pescia St Round Rock, TX 2
- 3 beds 2 baths ∙ 2,061 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,061 Sqft ∙ Built 2017
LEASED 05/18/20- Rent
- Rent Per SQFT
- $1,800
- $0.87
-
6012 Agostino Cove Round Rock, TX 3
- 4 beds 2 baths ∙ 2,033 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,033 Sqft ∙ Built 2019
LEASED 03/31/20- Rent
- Rent Per SQFT
- $1,895
- $0.93
-
5965 Malta Circle Round Rock, TX 4
- 4 beds 3 baths ∙ 2,274 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,274 Sqft ∙ Built 2018
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,899
- $0.84
-
6001 Malta Circle Round Rock, TX 5
- 4 beds 3 baths ∙ 2,242 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,242 Sqft ∙ Built 2017
LEASED 05/19/20- Rent
- Rent Per SQFT
- $1,900
- $0.85
PROPERTY LISTING DETAILS
Realty Austin
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 7304576
Last Updated: 02/06/2021
