Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

8700 Bobcat Drive Round Rock, TX 78681

3 Beds 2 Baths 1,114 sqft Built 1990

$260,000

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $233.39
  • 2 Days on Market
  • MLS # : 2295721
  • Updated Date : 01/24/2021 at 00:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,114 sqft
  • Baths : 2 full
Listing Agent

Magnolia Realty

Listing Agent's Description

Cute 3 bedroom 2 bath single story in the heart of Cat Hollow! Only 1/2 mile from the huge Cat Hollow 11 acre community park. Park features a swimming pool, tennis court, basketball court, baseball/kickball field, open fields, playground, shade trees, picnic tables and disc golf course. INCREDIBLE LOCATION- Only 3.5 miles to Toll 45, 3.5 miles to IH 35! This is a great starter home or investment - with a little TLC and paint, it will be perfect! Home features laminate wood flooring throughout - no carpet. Spacious kitchen that is open to the family room with updated stainless steel appliances (approximate age 2015). High ceilings through family room and kitchen areas. All windows replaced sometime around 2013/2014 with vinyl, double-paned windows. Sliding glass doors out to back through family room and master bedroom are updated as well. Primary bathroom has double vanities, garden. tub, separate shower and walk-in closet! Huge backyard with a ton of mature trees and full privacy fence that is in excellent condition.

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

Neighborhood: Cat Hollow

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $133k410k

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

Neighborhood: Cat Hollow

NeighborhoodNIR 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
Brushy Creek Elementary School Primary Regular 790 50 8
Cedar Valley Middle School Middle Regular 1,314 82 10
Mcneil High School High Regular 2,546 169 7

Brushy Creek Elementary School

  • Education Level: Primary
  • # of students: 790
  • # of teachers: 50
8
GreatSchools Rating

Cedar Valley Middle School

  • Education Level: Middle
  • # of students: 1,314
  • # of teachers: 82
10
GreatSchools Rating

Mcneil High School

  • Education Level: High
  • # of students: 2,546
  • # of teachers: 169
7
GreatSchools Rating
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$903
Property Tax -$513
Property Insurance -$90
HOA -$15
Property Management Fees -$99
CASH FLOW
-$189

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.

$260,000

PROJECTED PRICE

$1,430

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 5.5%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$1,703

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $1.28

    LIST RENT PER SQFT
  • $1,242

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,430
1$1,4302$1,4453$1,495
$1,495
RENT COMPS ANALYSIS
  • 8700 Bobcat Drive Round Rock, TX 1
    • 3 beds 2 baths ∙ 1,114 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,114 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $1.28
    •  
  • 803 Powderhorn Dr Round Rock, TX 2
    • 3 beds 2 baths ∙ 1,267 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,267 Sqft ∙ Built 1979
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $1.14
    •  
  • 430 Arrow Head Round Rock, TX 3
    • 3 beds 2 baths ∙ 1,367 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,367 Sqft ∙ Built 1982
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.09
    •  
PROPERTY LISTING DETAILS
Kristi Sanguinet
1.512.922.7191
Magnolia Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 2295721
Last Updated: 01/24/2021
BESbswy