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969 Leadtree Loop Loop Buda, TX 78610

4 Beds 2 Baths 2,731 sqft Built 2020

INVESTimate

$392,990

List Price

$2,360

$2,124 - $2,596

Rent Est.

$409,535  ( +4.21%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $143.90
  • 4 Days on Market
  • MLS # : 9341008
  • Updated Date : 08/25/2020 at 13:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,731 sqft
  • Baths : 2 full
Listing Agent

Sisu Realty & Associates

Listing Agent's Description

Two Story Mimosa Floor Plan with all bedrooms upstairs! Cul-de-sac elbow lot, Front Balcony, Study, Extended Covered Patio, Granite Countertops, Custom Tile Backsplash, Full Sprinkler/Sod in Front & Rear Yards. See Agent for Details on Finish Out. Available November.

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

Zip Code: 78610

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280kPrice in $126k298k

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

Zip Code: 78610

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9371840

* 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
Tom Green Elementary School Primary Regular 607 44 3
Mccormick Middle School Middle Regular NA
Hays High School High Regular 2,409 121 6

Tom Green Elementary School

  • Education Level: Primary
  • # of students: 607
  • # of teachers: 44
3
GreatSchools Rating

Mccormick Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Hays High School

  • Education Level: High
  • # of students: 2,409
  • # of teachers: 121
6
GreatSchools Rating
 

$353,691$432,289$392,990

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$1,450
Property Tax -$830
Property Insurance -$181
HOA -$33
Property Management Fees -$189
CASH FLOW
-$323

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$392,990

PROJECTED PRICE

$2,360

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 4.21%
Maintenance Year (1-5) 3.00%
Vacancy 6.72%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,142

INVESTMENT

$106,142

Down Payment
$98,248
Rehab Estimate
$2,000
Closing Costs
$5,895

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,450

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $98,248
Loan Amount $294,743
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,127

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,362

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2503$2,3004$2,3505$2,360
$2,360
RENT COMPS ANALYSIS
  • 969 Leadtree Loop Loop Buda, 5
    • 4 beds 2 baths ∙ 2,731 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,731 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $0.86
    •  
  • 238 Banana St Buda, 1
    • 3 beds 3 baths ∙ 2,622 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,622 Sqft ∙ Built 2018
    property image
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.84
    •  
  • 284 Everglade Dr Buda, 2
    • 4 beds 3 baths ∙ 2,641 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,641 Sqft ∙ Built 2018
    property image
    LEASED 07/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.85
    •  
  • 206 Brazil Dr Buda, 3
    • 4 beds 3 baths ∙ 2,584 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,584 Sqft ∙ Built 2017
    property image
    LEASED 08/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.89
    •  
  • 126 Tangerine Dr Buda, 4
    • 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 2016
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.88
    •  
PROPERTY LISTING DETAILS
April Maki
1.512.470.7979
Sisu Realty & Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 9341008
Last Updated: 08/25/2020
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