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7846 Mozart Street Round Rock, TX 78665

5 Beds 3 Baths 2,811 sqft Built 2020

$360,990

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $128.42
  • 2 Days on Market
  • MLS # : 9717629
  • Updated Date : 11/28/2020 at 20:01
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,811 sqft
  • Baths : 3 full
Listing Agent

Alexander Properties

Listing Agent's Description

MLS #9717629 ~ The two-story Sabine floor plan features a roomy 2,952 square feet of living space that encompasses an office, a master bedroom, and four guest or family bedrooms. The new house floor plan is great for hanging with family in the common areas as well as stealing some “me” time in the privacy of your master suite. The open area made up of the kitchen, dining and great room is designed to be inclusive, whether you’re playing a board game, cooking up something delicious for dinner, or enjoying a family meal. As with all of our Austin new homes for sale, your beautiful gourmet kitchen comes included. This attention to what homeowners desire in a home is one of the things that make Taylor Morrison a leading Austin homebuilder. From the lustrous countertops to the sleek appliances, your new kitchen is as lovely as it is practical. A large working island provides extra prep space as well as a breakfast bar for quick, informal eating. The room also features a food pantry. When you’re working at the kitchen sink you have a view to the comfortable great room, so there’s no need to miss out on what’s happening. The kitchen also opens to the dining and windows let you see out the covered patio, where you can relax on a summer’s evening. When you want to luxuriate in some peace and quiet, retire to your sumptuous master suite with spacious bedroom. Two sinks provide elbowroom for two, while an oversized walk-in closet offers plenty of room for your wardrobe. Plenty of rooms upstairs, you’ll find three bedrooms with walk-in closets, a full bath with two sinks, and a bonus room. REPRESENTATIVE PHOTOS ADDED.

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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: 78665

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $128k410k

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

Zip Code: 78665

ZipNIR 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
Hutto Middle School Primary Regular 708 46 6
Hutto Middle School Middle Regular 708 46 6
Hutto High School High Regular 1,666 99 6

Hutto Middle School

  • Education Level: Primary
  • # of students: 708
  • # of teachers: 46
6
GreatSchools Rating

Hutto Middle School

  • Education Level: Middle
  • # of students: 708
  • # of teachers: 46
6
GreatSchools Rating

Hutto High School

  • Education Level: High
  • # of students: 1,666
  • # of teachers: 99
6
GreatSchools Rating
 

$324,891$397,089$360,990

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,332
Property Tax -$712
Property Insurance -$185
HOA -$25
Property Management Fees -$162
CASH FLOW
-$396

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.

$360,990

PROJECTED PRICE

$2,020

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 5.8%
Maintenance Year (1-5) 3.00%
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-$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$97,662

INVESTMENT

$97,662

Down Payment
$90,248
Rehab Estimate
$2,000
Closing Costs
$5,415

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,332

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $90,248
Loan Amount $270,743
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$161

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,108

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,020
1$2,0202$2,1003$2,1994$2,250
$2,250
RENT COMPS ANALYSIS
  • 7846 Mozart Street Round Rock, TX 1
    • 5 beds 3 baths ∙ 2,811 Sqft ∙ Built 2020 5 beds 3 baths ∙ 2,811 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.72
    •  
  • 6093 Mantalcino Dr Round Rock, TX 2
    • 4 beds 3 baths ∙ 2,970 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,970 Sqft ∙ Built 2016
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.71
    •  
  • 7311 Leonardo Drive Round Rock, TX 3
    • 4 beds 3 baths ∙ 2,718 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,718 Sqft ∙ Built 2019
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,199
    • $0.81
    •  
  • 5804 Othello Place Round Rock, TX 4
    • 4 beds 3 baths ∙ 2,923 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,923 Sqft ∙ Built 2016
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.77
    •  
PROPERTY LISTING DETAILS
Bobbie Alexander
1.512.549.6838
Alexander Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 9717629
Last Updated: 11/28/2020
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