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730 Rolling Oaks Drive Giddings, TX 78942

3 Beds 2 Baths 1,563 sqft Built 1999

$185,000

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $118.36
  • 4 Days on Market
  • MLS # : 2062301
  • Updated Date : 12/10/2020 at 16:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,563 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Tx Realty

Listing Agent's Description

Come see this charming and well-kept home on an oversized lot. The property backs up to green space. You get lots of privacy in the small, quiet neighborhood just outside Giddings. Enjoy the peacefulness while you are only a short drive away from downtown! The oversized lot and carports offer much space for the storage of an RV or boat. Extra storage space in the large shed. Property is located on 2 lots. Each lot is 0.15 acres. AC installed in Sep 2020. Water heater in Dec 2016. Metal roof installed 2013. Shed on slab. 2 carports.

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: 78942

ZipNIR Market*CityMarket2010Year2002 Q2201980k100k120k140k160k180k200k220kPrice in $67k221k

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

Zip Code: 78942

No Data Available.

* 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
Giddings Elementary School Primary Regular 649 42 3
Giddings Middle School Middle Regular 397 29 5
Giddings High School High Regular 644 54 6

Giddings Elementary School

  • Education Level: Primary
  • # of students: 649
  • # of teachers: 42
3
GreatSchools Rating

Giddings Middle School

  • Education Level: Middle
  • # of students: 397
  • # of teachers: 29
5
GreatSchools Rating

Giddings High School

  • Education Level: High
  • # of students: 644
  • # of teachers: 54
6
GreatSchools Rating
 

$166,500$203,500$185,000

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$683
Property Tax -$401
Property Insurance -$114
Property Management Fees -$99
CASH FLOW
$54

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$185,000

PROJECTED PRICE

$1,350

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 4.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$54,775

INVESTMENT

$54,775

Down Payment
$46,250
Rehab Estimate
$5,750
Closing Costs
$2,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$683

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $46,250
Loan Amount $138,750
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$9,385

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,350

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,375

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,500
$1,500
RENT COMPS ANALYSIS
  • 730 Rolling Oaks Drive Giddings, TX 1
    • 3 beds 2 baths ∙ 1,563 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,563 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.86
    •  
  • 851 W Houston Street Giddings, TX 2
    • 4 beds 2 baths ∙ 1,702 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,702 Sqft ∙ Built 2020
    property image
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.88
    •  
PROPERTY LISTING DETAILS
Sabine Mccalla
1.512.571.7251
Berkshire Hathaway Tx Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 2062301
Last Updated: 12/10/2020
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