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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $138.89
- 2 Days on Market
- MLS # : 8163721
- Updated Date : 12/12/2020 at 12:04
CONSTRUCTION
- Beds : 3
- Floor Size : 2,268 sqft
- Baths : 2 full
Listing Agent
Schaible Realty
Listing Agent's Description
This is one of the most popular floor plans in the Siena community, which is located 3.8 miles from Dell Diamond and the new, prestigious Kalahari Resort. This beautiful 3/2 home includes an office. Built in 2015, we're offering an open floor plan with a spacious master bedroom. Upgraded engineered wood laminate flooring, carpet in all of the bedrooms and granite counter tops in the kitchen. The exterior includes a dog run.
SEE MORE
- 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
Neighborhood: Siena
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Siena
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,930 |
| EXPENSES | Loan Payment | -$1,162 |
| Property Tax | -$621 | |
| Property Insurance | -$155 | |
| HOA | -$25 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$132
|
||
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.
$315,000
PROJECTED PRICE
$1,930
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$89,225
LOAN DETAILS
$1,162
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $78,750 |
| Loan Amount | $236,250 |
2.5
YEARS SAVED
$7,210
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,930
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$1,939
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
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8205 Arezzo Drive Round Rock, TX 4
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8337 Angelo Loop Round Rock, TX 1
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- $1,760
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LEASED 06/21/20- Rent
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- $1,800
- $0.86
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5813 Arbia Lane Round Rock, TX 3
- 3 beds 2 baths ∙ 2,197 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,197 Sqft ∙ Built 2016
LEASED 04/15/20- Rent
- Rent Per SQFT
- $1,870
- $0.85
-
8321 Angelo Loop Round Rock, TX 5
- 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 2016
LEASED 11/27/20- Rent
- Rent Per SQFT
- $2,050
- $0.87
PROPERTY LISTING DETAILS
1.512.639.0579
Schaible Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 8163721
Last Updated: 12/12/2020
