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6809 Brindisi Place Round Rock, TX 78665

3 Beds 2 Baths 1,648 sqft Built 2019

$300,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $182.04
  • 4 Days on Market
  • MLS # : 7987479
  • Updated Date : 11/12/2020 at 19:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,648 sqft
  • Baths : 2 full
Listing Agent

Realty Austin

Listing Agent's Description

Better-than-new home in the heart of the Siena Round Rock Community. Bright and open floor plan, with large kitchen complete with huge island makes this home an entertainer's dream. Engineered Hardwood floors throughout living areas and kitchen, with extra tall ceilings and large windows. Spacious yard with full sprinkler system. Enjoy the view on the covered back patio, with no back neighbors! In-Law Floor Plan with private Primary Bedroom suite. Close to the new Kalahari Resort and Indoor WaterPark, The Dell Diamond as well as the Round Rock Outlet Mall and Shopping.

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
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,107
Property Tax -$592
Property Insurance -$120
HOA -$25
Property Management Fees -$130
CASH FLOW
-$353

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$300,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.54%

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) 3.00%
Vacancy 6.80%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,500

INVESTMENT

$81,500

Down Payment
$75,000
Rehab Estimate
$2,000
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$64

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,619

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,620
1$1,6202$1,6953$1,7504$1,7505$1,795
$1,795
RENT COMPS ANALYSIS
  • 6809 Brindisi Place Round Rock, TX 1
    • 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.98
    •  
  • 5824 Bellissima Way Round Rock, TX 2
    • 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 2020
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.96
    •  
  • 6513 Leonardo Cove Round Rock, TX 3
    • 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 2019
    LEASED 12/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.01
    •  
  • 6824 Caterina Cove Round Rock, TX 4
    • 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
    •  
  • 5906 Marino Cv Round Rock, TX 5
    • 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 2018
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.01
    •  
PROPERTY LISTING DETAILS
Laura Rosales
1.512.771.5334
Realty Austin
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 7987479
Last Updated: 11/12/2020
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