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766 Bridgestone Way Buda, TX 78610

3 Beds 2 Baths 1,874 sqft Built 2019

$299,900

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $160.03
  • 3 Days on Market
  • MLS # : 8595727
  • Updated Date : 11/21/2020 at 00:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,874 sqft
  • Baths : 2 full
Listing Agent

Elite Realty Advisors

Listing Agent's Description

You will love this beautiful, bright, like-new David Weekley home! In Buda's desirable Stoneridge subdivision, this three bedroom, two bath floorpan is open, bright, and inviting. Less than a year old, it offers open concept living, high-end finishes, and David Weekley's excellent build reputation all at an affordable price. Don't miss the flex room, which could be a great game room, office, or formal dining. The oversize covered patio offers a great view and evening shade. Plus, windows galore allow in tons of natural light! This home has tons of modern touches like white shaker cabinets, recessed lighting, stainless steel appliances, subway tile, ceramic tile flooring, high ceilings, a 2" faux-wood blinds throughout. The spacious master bathroom offers dual vanities, an oversize shower, and a large walk-in closet. It even has builder warranties remaining! Don't miss out, this great home won't last long.

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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: 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

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Tom Green Elementary School Primary Regular 607 44 3
Mccormick Middle School Middle Regular NA
Hays High School High Regular 2,409 121 6

Tom Green Elementary School

  • Education Level: Primary
  • # of students: 607
  • # of teachers: 44
3
GreatSchools Rating

Mccormick Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Hays High School

  • Education Level: High
  • # of students: 2,409
  • # of teachers: 121
6
GreatSchools Rating
 

$269,910$329,890$299,900

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 -$1,107
Property Tax -$649
Property Insurance -$133
HOA -$21
Property Management Fees -$155
CASH FLOW
-$124

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.

$299,900

PROJECTED PRICE

$1,940

PROJECTED RENT

0.65%

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) 3.00%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$81,474

INVESTMENT

$81,474

Down Payment
$74,975
Rehab Estimate
$2,000
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% 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 $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$4,878

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
  • $1.04

    LIST RENT PER SQFT
  • $1,930

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8253$1,8504$1,940
$1,940
RENT COMPS ANALYSIS
  • 766 Bridgestone Way Buda, TX 4
    • 3 beds 2 baths ∙ 1,874 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,874 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $1.04
    •  
  • 2110 Constellation Dr Buda, TX 1
    • 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 2008
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.01
    •  
  • 2041 Livonia Drive Buda, TX 2
    • 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 2010
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.03
    •  
  • 140 Stone Crest Boulevard Buda, TX 3
    • 3 beds 2 baths ∙ 1,731 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,731 Sqft ∙ Built 2008
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.07
    •  
PROPERTY LISTING DETAILS
Jason Van Note
1.512.964.8505
Elite Realty Advisors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 8595727
Last Updated: 11/21/2020
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