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701 Bridgestone Way Buda, TX 78610

4 Beds 3 Baths 2,662 sqft Built 2018

$329,900

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $123.93
  • 118 Days on Market
  • MLS # : 6418590
  • Updated Date : 12/24/2020 at 02:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,662 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Llc

Listing Agent's Description

One of the more spacious homes in Stoneridge, meticulously maintained with everything your family needs for comfort and convenience! Large and flowing kitchen/dining combo opens up to living area with tall ceilings making for a fantastic space to entertain or just spread out! Second large open gameroom located upstairs, perfect for a second living area or space for the kids! Master down w/ other beds up and washer/dyer/refrigerator may convey! People say it all the time but this one truly won't last long!Restrictions: Yes

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: 78610

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280kPrice in $126k298k

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

Zip Code: 78610

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9371840

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,217
Property Tax -$714
Property Insurance -$177
HOA -$21
Property Management Fees -$99
CASH FLOW
-$328

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.

$329,900

PROJECTED PRICE

$1,900

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 4.2%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,217

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$723

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,096

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9353$2,0954$2,1005$2,100
$2,100
RENT COMPS ANALYSIS
  • 701 Bridgestone Way Buda, TX 1
    • 4 beds 3 baths ∙ 2,662 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,662 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.71
    •  
  • 191 Stone Crest Blvd Buda, TX 2
    • 4 beds 3 baths ∙ 2,594 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,594 Sqft ∙ Built 2006
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,935
    • $0.75
    •  
  • 319 Andesite Trl Buda, TX 3
    • 4 beds 3 baths ∙ 2,521 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,521 Sqft ∙ Built 2019
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.83
    •  
  • 161 Andesite Trl Buda, TX 4
    • 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 2019
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.83
    •  
  • 307 Adoquin Trl Buda, TX 5
    • 4 beds 3 baths ∙ 2,827 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,827 Sqft ∙ Built 2016
    property image
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.74
    •  
PROPERTY LISTING DETAILS
Ryan Diehl
1.512.599.2223
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 6418590
Last Updated: 12/24/2020
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