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7810 Hawthorn Street Temple, TX 76502

3 Beds 2 Baths 1,463 sqft Built 2004

$195,000

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $133.29
  • 2 Days on Market
  • MLS # : 1194493
  • Updated Date : 07/13/2021 at 02:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,463 sqft
  • Baths : 2 full
Listing Agent

Tex Casas Realty

Listing Agent's Description

LOCATION -LOCATION Wonderful opportunity to purchase this lovely home in the highly sought neighborhood of Westfield Belton ISD- Three sided brick home-Nice floorplan ,good size bedrooms, separate bath and shower in the master bedroom. Wired for surround system in livingroom. All appliance convey. Good size backyard. SOLD AS IS

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Zip Code: 76502

ZipNIR Market*CityMarket20102015Year2006 Q22019110k120k130k140k150k160k170k180k190kPrice in $104k195k

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

Zip Code: 76502

ZipNIR Market*CityMarket2015Year2009 Q32019 Q210501100115012001250130013501400Rent in $10321403

* 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
Lakewood Elementary School Primary Regular 657 38 9
Belton High School High Regular 2,643 176 6
Tarver Elementary School Primary Regular 452 29 7

Lakewood Elementary School

  • Education Level: Primary
  • # of students: 657
  • # of teachers: 38
9
GreatSchools Rating

Belton High School

  • Education Level: High
  • # of students: 2,643
  • # of teachers: 176
6
GreatSchools Rating

Tarver Elementary School

  • Education Level: Primary
  • # of students: 452
  • # of teachers: 29
7
GreatSchools Rating
 

$175,500$214,500$195,000

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$677
Property Tax -$436
Property Insurance -$104
Property Management Fees -$99
CASH FLOW
$194

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$195,000

PROJECTED PRICE

$1,510

PROJECTED RENT

0.77%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 2.8%
Maintenance Year (1-5) 8.00%
Vacancy 8.62%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$57,425

INVESTMENT

$57,425

Down Payment
$48,750
Rehab Estimate
$5,750
Closing Costs
$2,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$677

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $48,750
Loan Amount $146,250
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$14,894

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,463

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,5103$1,750
$1,750
RENT COMPS ANALYSIS
  • 7810 Hawthorn Street Temple, TX 2
    • 3 beds 2 baths ∙ 1,463 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,463 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $1.03
    •  
  • 9017 Lonesome Oak Drive Temple, TX 1
    • 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 2010
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.95
    •  
  • 7604 Amber Meadow Loop Temple, TX 3
    • 4 beds 2 baths ∙ 1,663 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,663 Sqft ∙ Built 2007
    LEASED 05/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.05
    •  
PROPERTY LISTING DETAILS
Maria Rolo
Tex Casas Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 1194493
Last Updated: 07/13/2021
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