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849 Whitetail Drive Round Rock, TX 78681

4 Beds 3 Baths 2,138 sqft Built 2019

$424,900

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $198.74
  • 2 Days on Market
  • MLS # : 2882234
  • Updated Date : 01/09/2021 at 16:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,138 sqft
  • Baths : 2 full , 1 half
Listing Agent

Redefy Real Estate, Llc

Listing Agent's Description

Ready to move in home in desirable Highlands at Mayfield Ranch Community. November 2019 Highland Homes built home with High Ceilings throughout, Stainless Steal Kitchen Upgrades, and plenty of flexible space.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 78681

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $133k410k

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

Zip Code: 78681

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
Carver Elementary School Primary Regular 429 29 3
James Tippit Middle School Middle Regular 840 54 3
East View High School High Regular 1,418 110 4

Carver Elementary School

  • Education Level: Primary
  • # of students: 429
  • # of teachers: 29
3
GreatSchools Rating

James Tippit Middle School

  • Education Level: Middle
  • # of students: 840
  • # of teachers: 54
3
GreatSchools Rating

East View High School

  • Education Level: High
  • # of students: 1,418
  • # of teachers: 110
4
GreatSchools Rating
 

$382,410$467,390$424,900

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,476
Property Tax -$919
Property Insurance -$147
HOA -$50
Property Management Fees -$99
CASH FLOW
-$461

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.

$424,900

PROJECTED PRICE

$2,230

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 6.1%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$12k-$10k-$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,349

INVESTMENT

$118,349

Down Payment
$106,225
Rehab Estimate
$5,750
Closing Costs
$6,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,225
Loan Amount $318,675
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$230

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $2,042

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,865
1$1,8652$2,0003$2,2004$2,2005$2,230
$2,230
RENT COMPS ANALYSIS
  • 849 Whitetail Drive Round Rock, TX 5
    • 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $1.04
    •  
  • 4512 Arques Avenue Avenue Round Rock, TX 1
    • 4 beds 2 baths ∙ 1,982 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,982 Sqft ∙ Built 2019
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,865
    • $0.94
    •  
  • 4130 Kingsley Ave Round Rock, TX 2
    • 3 beds 3 baths ∙ 2,211 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,211 Sqft ∙ Built 2017
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.90
    •  
  • 869 Whitetail Drive Round Rock, TX 3
    • 4 beds 3 baths ∙ 2,209 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,209 Sqft ∙ Built 2020
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.00
    •  
  • 3824 Ashbury Rd Round Rock, TX 4
    • 4 beds 3 baths ∙ 2,234 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,234 Sqft ∙ Built 2018
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.98
    •  
PROPERTY LISTING DETAILS
Melissa Medina
1.512.680.9013
Redefy Real Estate, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 2882234
Last Updated: 01/09/2021
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