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711 Creekmont Drive Round Rock, TX 78681

4 Beds 2 Baths 1,819 sqft Built 1992

$379,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $208.36
  • 3 Days on Market
  • MLS # : 7472253
  • Updated Date : 01/10/2021 at 02:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,819 sqft
  • Baths : 2 full
Listing Agent

Wisner Real Estate Associates

Listing Agent's Description

Home is much nicer and larger than appears in photos! SUPER CUTE well taken care of one story home. Lots of great updates to include, all cabinets painted with new nickel hardware, light fixtures replaced, tile redone in kitchen, foyer, and both baths, newer carpet and more. FOUR good sized bedrooms, 2 full baths, Large ktchen open to family room with stainless appliances, lots of cabinet and counter space, and storage. Spacious master bedroom with walk-in closets. Spacious formal living and dining rooms (much larger than shows in photos). Separate family room with fireplace. Patio with nice semi private backyard. Close to major highways and employers. Sought-after Round Rock Schools. You can walk to Round Rock High School!

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Creekmont West

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $133k410k

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

Neighborhood: Creekmont West

NeighborhoodNIR 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
Deep Wood Elementary School Primary Regular 406 29 6
Chisholm Trail Middle School Middle Regular 1,069 69 7
Round Rock High School High Regular 2,972 195 8

Deep Wood Elementary School

  • Education Level: Primary
  • # of students: 406
  • # of teachers: 29
6
GreatSchools Rating

Chisholm Trail Middle School

  • Education Level: Middle
  • # of students: 1,069
  • # of teachers: 69
7
GreatSchools Rating

Round Rock High School

  • Education Level: High
  • # of students: 2,972
  • # of teachers: 195
8
GreatSchools Rating
 

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

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 -$1,316
Property Tax -$771
Property Insurance -$129
Property Management Fees -$99
CASH FLOW
-$415

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

$1,900

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 6.1%
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 75% 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

0.33

YEARS SAVED

$260

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
  • $1.04

    LIST RENT PER SQFT
  • $1,878

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8253$1,8954$1,9005$1,900
$1,900
RENT COMPS ANALYSIS
  • 711 Creekmont Drive Round Rock, TX 5
    • 4 beds 2 baths ∙ 1,819 Sqft ∙ Built 1992 4 beds 2 baths ∙ 1,819 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.04
    •  
  • 1624 Scenic Loop Round Rock, TX 1
    • 4 beds 3 baths ∙ 1,906 Sqft ∙ Built 1983 4 beds 3 baths ∙ 1,906 Sqft ∙ Built 1983
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.94
    •  
  • 1703 Lime Rock Drive Round Rock, TX 2
    • 3 beds 2 baths ∙ 1,721 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,721 Sqft ∙ Built 1978
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.06
    •  
  • 1008 Cedar Falls Street Round Rock, TX 3
    • 4 beds 2 baths ∙ 1,810 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,810 Sqft ∙ Built 1999
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.05
    •  
  • 2001 Deep Wood Drive Round Rock, TX 4
    • 3 beds 2 baths ∙ 1,755 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,755 Sqft ∙ Built 1977
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.08
    •  
PROPERTY LISTING DETAILS
Shannon Wisner
1.512.299.8777
Wisner Real Estate Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 7472253
Last Updated: 01/10/2021
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