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605 Canyon Trail Court Round Rock, TX 78664

3 Beds 2 Baths 1,776 sqft Built 2001

$284,500

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $160.19
  • 5 Days on Market
  • MLS # : 1490681
  • Updated Date : 11/26/2020 at 00:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,776 sqft
  • Baths : 2 full
Listing Agent

On Air Realty

Listing Agent's Description

Vacant, Go! Great home in Round Rock! Granite countertops in the kitchen, built-in bookshelves, beautiful landscaping, storage cabinets in the garage and more! New gas stove, microwave and dishwasher installed this week!

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

Neighborhood: South Creek

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $113k298k

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

Neighborhood: South Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500160017001800Rent in $7941828

* 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
Callison Elementary School Primary Regular 862 59 4
C.d. Fulkes Middle School Middle Regular 757 61 4
Cedar Ridge High School High Regular 2,718 178 7

Callison Elementary School

  • Education Level: Primary
  • # of students: 862
  • # of teachers: 59
4
GreatSchools Rating

C.d. Fulkes Middle School

  • Education Level: Middle
  • # of students: 757
  • # of teachers: 61
4
GreatSchools Rating

Cedar Ridge High School

  • Education Level: High
  • # of students: 2,718
  • # of teachers: 178
7
GreatSchools Rating
 

$256,050$312,950$284,500

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,050
Property Tax -$561
Property Insurance -$127
Property Management Fees -$136
CASH FLOW
-$174

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.

$284,500

PROJECTED PRICE

$1,700

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 8.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.72%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,143

INVESTMENT

$81,143

Down Payment
$71,125
Rehab Estimate
$5,750
Closing Costs
$4,268

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,050

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,125
Loan Amount $213,375
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,597

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,758

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6503$1,7004$1,795
$1,795
RENT COMPS ANALYSIS
  • 605 Canyon Trail Court Round Rock, TX 3
    • 3 beds 2 baths ∙ 1,776 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,776 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.96
    •  
  • 801 Sable Trail Court Round Rock, TX 1
    • 3 beds 2 baths ∙ 1,669 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,669 Sqft ∙ Built 2002
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.96
    •  
  • 602 Canyon Trail Court Round Rock, TX 2
    • 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1998
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.98
    •  
  • 900 Hollow Trail Court Round Rock, TX 4
    • 4 beds 2 baths ∙ 1,771 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,771 Sqft ∙ Built 1998
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.01
    •  
PROPERTY LISTING DETAILS
Mario Carlin
1.512.417.7495
On Air Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 1490681
Last Updated: 11/26/2020
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