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

9617 Glynhill Court Killeen, TX 76542

4 Beds 3 Baths 1,659 sqft Built 2017

$189,500

List Price

$1,300

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $114.23
  • 2 Days on Market
  • MLS # : 4010606
  • Updated Date : 01/16/2021 at 23:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,659 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty-rr (wc)

Listing Agent's Description

Beautiful home in the popular neighborhood of Yowell Ranch. Neighborhood has a playground, splashpad, basketball courts, community ponds and trails. Home is a 2 story, 4 bedroom, 3 bathroom, it has granite countertops in kitchen, with mocha cabinetry. Refrigerator and water-softener will convey.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Yowell Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200kPrice in $102k200k

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

Neighborhood: Yowell Ranch

NeighborhoodNIR Market*CityMarket2015Year2009 Q32019 Q21050110011501200125013001350Rent in $10111384

* 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
Saegert Elementary School Primary Regular 976 61 7
Patterson Middle School Middle Regular 1,249 72 6
Ellison High School High Regular 2,638 159 3

Saegert Elementary School

  • Education Level: Primary
  • # of students: 976
  • # of teachers: 61
7
GreatSchools Rating

Patterson Middle School

  • Education Level: Middle
  • # of students: 1,249
  • # of teachers: 72
6
GreatSchools Rating

Ellison High School

  • Education Level: High
  • # of students: 2,638
  • # of teachers: 159
3
GreatSchools Rating
 

$170,550$208,450$189,500

PURCHASE PRICE

$1,170$1,430$1,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,300
EXPENSES Loan Payment -$658
Property Tax -$398
Property Insurance -$114
HOA -$33
Property Management Fees -$99
CASH FLOW
-$3

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$189,500

PROJECTED PRICE

$1,300

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 0.3%
Maintenance Year (1-5) 8.00%
Vacancy 8.48%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$50k$100k$150k$200k$250k$300k$350k$400k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$55,968

INVESTMENT

$55,968

Down Payment
$47,375
Rehab Estimate
$5,750
Closing Costs
$2,843

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$658

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $47,375
Loan Amount $142,125
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$2,603

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,300

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,236

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2903$1,300
$1,300
RENT COMPS ANALYSIS
  • 9617 Glynhill Court Killeen, TX 3
    • 4 beds 3 baths ∙ 1,659 Sqft ∙ Built 2017 4 beds 3 baths ∙ 1,659 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.78
    •  
  • 2201 Price Drive Killeen, TX 1
    • 3 beds 3 baths ∙ 1,786 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,786 Sqft ∙ Built 2006
    LEASED 08/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.70
    •  
  • 9405 Glynhill Court Killeen, TX 2
    • 3 beds 3 baths ∙ 1,637 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,637 Sqft ∙ Built 2019
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.79
    •  
PROPERTY LISTING DETAILS
Jessica Lawrence
1.254.291.3991
Keller Williams Realty-rr (wc)
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 4010606
Last Updated: 01/16/2021
BESbswy