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7993 Arezzo Drive Round Rock, TX 78665

4 Beds 4 Baths 2,577 sqft Built 2017

$354,999

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $137.76
  • 3 Days on Market
  • MLS # : 4727518
  • Updated Date : 01/23/2021 at 18:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,577 sqft
  • Baths : 3 full , 1 half
Listing Agent

Jp And Associates Realtors

Listing Agent's Description

This is a home that you don't want to miss! This gorgeous, energy efficient home is located in Siena; Round Rock's popular masterplanned community. You'll fall in love with all of the features in this home! Features such as the gourmet kitchen, open concept floor plan, multiple living rooms, HUGE upgraded windows, electric vehicle charge station & much more! The Siena community perks include two parks, miles of walking trails, Olympic sized pool. Minutes from Kalahari Resort and other new development. Schedule a showing today!

SEE MORE

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
 

$319,499$390,499$354,999

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,233
Property Tax -$700
Property Insurance -$172
HOA -$33
Property Management Fees -$99
CASH FLOW
-$77

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.

$354,999

PROJECTED PRICE

$2,160

PROJECTED RENT

0.61%

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) 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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$99,825

INVESTMENT

$99,825

Down Payment
$88,750
Rehab Estimate
$5,750
Closing Costs
$5,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,233

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $88,750
Loan Amount $266,249
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$9,729

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,139

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9903$2,1504$2,1605$2,295
$2,295
RENT COMPS ANALYSIS
  • 7993 Arezzo Drive Round Rock, TX 4
    • 4 beds 4 baths ∙ 2,577 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,577 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $0.84
    •  
  • 7008 Donato Place Place Round Rock, TX 1
    • 4 beds 3 baths ∙ 2,431 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,431 Sqft ∙ Built 2015
    property image
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.78
    •  
  • 5613 Sacco Street Round Rock, TX 2
    • 4 beds 2 baths ∙ 2,412 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,412 Sqft ∙ Built 2018
    property image
    LEASED 05/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.83
    •  
  • 5945 Sardinia Drive Round Rock, TX 3
    • 4 beds 3 baths ∙ 2,562 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,562 Sqft ∙ Built 2015
    property image
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.84
    •  
  • 5948 Pescia St Round Rock, TX 5
    • 4 beds 3 baths ∙ 2,630 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,630 Sqft ∙ Built 2015
    property image
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.87
    •  
PROPERTY LISTING DETAILS
Maria Alonso Escamillia
1.512.998.4038
Jp And Associates Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 4727518
Last Updated: 01/23/2021
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