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6717 Brindisi Place Round Rock, TX 78665

3 Beds 2 Baths 1,850 sqft Built 2017

$350,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $189.19
  • 3 Days on Market
  • MLS # : 9964621
  • Updated Date : 03/06/2021 at 20:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,850 sqft
  • Baths : 2 full
Listing Agent

Home Sweet Home Real Estate

Listing Agent's Description

The backyard views from this home are spectacular and very rare to find in the area. Relax on your covered back porch and watch the cows from next-door farm come right to the fence. Home is only 3.5 years old custom Highland homes built. This home features separate office that is currently being used as a fourth bedroom (no closet). Gourmet kitchen with 6 burner gas stove, tile backsplash and large center island. Two pantries! Located in a cul-de-sac so no through traffic! Spa like owners bathroom and extra large walk in closet! Elementary school around the corner.

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

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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,216
Property Tax -$690
Property Insurance -$131
HOA -$33
Property Management Fees -$99
CASH FLOW
-$349

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.

$350,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.52%

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

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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$470

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,827

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8003$1,8204$1,8955$1,895
$1,895
RENT COMPS ANALYSIS
  • 6717 Brindisi Place Round Rock, TX 3
    • 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.98
    •  
  • 6824 Caterina Cv Round Rock, TX 1
    • 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 2017
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.95
    •  
  • 6554 Teramo Terrace Round Rock, TX 2
    • 3 beds 2 baths ∙ 1,770 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,770 Sqft ∙ Built 2020
    LEASED 01/21/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.02
    •  
  • 5816 Casstello Drive Round Rock, TX 4
    • 3 beds 2 baths ∙ 1,874 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,874 Sqft ∙ Built 2017
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.01
    •  
  • 6737 Catania Loop Round Rock, TX 5
    • 4 beds 2 baths ∙ 1,962 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,962 Sqft ∙ Built 2019
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.97
    •  
PROPERTY LISTING DETAILS
Amy English
Home Sweet Home Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 9964621
Last Updated: 03/06/2021
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