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5937 Malta Circle Round Rock, TX 78665

3 Beds 2 Baths 2,088 sqft Built 2017

$349,000

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
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!

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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

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
 

$314,100$383,900$349,000

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

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

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

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$98,235

INVESTMENT

$98,235

Down Payment
$87,250
Rehab Estimate
$5,750
Closing Costs
$5,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,212

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,250
Loan Amount $261,750
See What Happens When You Reinvest Cash Flow

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
$1,780
1$1,7802$1,8003$1,8954$1,8995$1,900
$1,900
RENT COMPS ANALYSIS
  • 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
    • Rent
    • 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
Patricia Eckert
Realty Austin
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 7304576
Last Updated: 02/06/2021
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