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7009 Leonardo Drive Round Rock, TX 78665

4 Beds 3 Baths 1,956 sqft Built 2016

$379,000

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $193.76
  • 3 Days on Market
  • MLS # : 5438318
  • Updated Date : 03/07/2021 at 03:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,956 sqft
  • Baths : 3 full
Listing Agent

Realty Austin

Listing Agent's Description

Beautiful one-story home with 4 bedrooms and 3 full baths. Homes on this portion of Leonardo have their own driveway approach, separate from the public street. This home backs to a large easement with no close-by back neighbors and a back gate in the home's fence to access the easement. The open floorplan is an entertainer's dream, with one area flowing into another. The fireplace in the living area is perfect for conversation and hot cocoa on those chilly nights. The resident chef will delight in the kitchen, featuring granite counters, gas cooking, and lots of cabinet space for your kitchen needs. The Owners Suite is a quiet retreat, and the ensuite bath feels like a spa, featuring dual vanities, a separate shower, and a large walk-in closet. Plantation shutters grace all of the windows in the home. The garage has 2.5 spaces, providing plenty of space for storage, bicycles, or perhaps a motorcycle. The Siena neighborhood features tons of amenities, such as walking and biking trails, pools, sports courts, a soccer field, playgrounds, parks, and much more. It's also conveniently close to HWY 79, TX 130, and University Blvd, with plentiful shopping, including the Round Rock Outlet Mall and IKEA, lots of dining, both elegant and fast-food style, Austin Community College, Texas State University, and several medical centers. The Teravista Golf Course is nearby and is public. Also nearby is Veteran's Hill Elem. School. Don't miss out on this like-new home! Tenant in place and will need 30 days after close to vacate.

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
 

$341,100$416,900$379,000

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,316
Property Tax -$747
Property Insurance -$137
HOA -$8
Property Management Fees -$99
CASH FLOW
-$368

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.

$379,000

PROJECTED PRICE

$1,940

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$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$106,185

INVESTMENT

$106,185

Down Payment
$94,750
Rehab Estimate
$5,750
Closing Costs
$5,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,316

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $94,750
Loan Amount $284,250
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$642

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,902

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8953$1,8954$1,9405$2,100
$2,100
RENT COMPS ANALYSIS
  • 7009 Leonardo Drive Round Rock, TX 4
    • 4 beds 3 baths ∙ 1,956 Sqft ∙ Built 2016 4 beds 3 baths ∙ 1,956 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.99
    •  
  • 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
    •  
  • 6000 Genova Place Round Rock, TX 2
    • 4 beds 2 baths ∙ 1,910 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,910 Sqft ∙ Built 2020
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.99
    •  
  • 6737 Catania Loop Round Rock, TX 3
    • 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
    •  
  • 7003 Donato Place Round Rock, TX 5
    • 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 2015
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.98
    •  
PROPERTY LISTING DETAILS
Amy Edwards
Realty Austin
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 5438318
Last Updated: 03/07/2021
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