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514 Climbing Rock Loop 
Dripping Springs, TX
78620
3 Beds 3 Baths 2,125 sqft
Built 2021
INVESTimate
$407,640
List Price
$110,025
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PROPERTY INFO
FACTS
- Built In 2021
- Price/Sqft : $191.83
- 3 Days on Market
- MLS # : 2000522
- Updated Date : 08/24/2020 at 10:13
CONSTRUCTION
- Beds : 3
- Floor Size : 2,125 sqft
- Baths : 2 full , 1 half
Listing Agent
Austin Real Estate Experts
Listing Agent's Description
NEW CONSTRUCTION BY PULTE HOMES! Available Feb 2021! Open design 1-story featuring a gourmet kitchen with gray and white 42" cabinets, quartz countertops, and built-in appliances with modern style canopy hood. Rich enhanced vinyl plank throughout common areas. The sunroom off the gathering room can easily double as an office. Large spa-style shower in owner's bath. Many more upgrades makes this home a must see!
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
Zip Code: 78620
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 78620
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,300 |
| EXPENSES | Loan Payment | -$1,504 |
| Property Tax | -$701 | |
| Property Insurance | -$147 | |
| HOA | -$125 | |
| Property Management Fees | -$184 | |
|
CASH FLOW
-$360
|
||
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.
$407,640
PROJECTED PRICE
$2,300
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.79% |
| Appreciation Year (1-5) | 6.22% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.80% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$110,025
LOAN DETAILS
$1,504
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $101,910 |
| Loan Amount | $305,730 |
0.58
YEARS SAVED
$1,043
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,300
LIST RENT -
$1.08
LIST RENT PER SQFT
-
$2,327
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
-
514 Climbing Rock Loop Dripping Springs, 3
- 3 beds 3 baths ∙ 2,125 Sqft ∙ Built 2021 3 beds 3 baths ∙ 2,125 Sqft ∙ Built 2021
![property image]()
- Rent
- Rent Per SQFT
- $2,300
- $1.08
-
273 Spanish Star Trl Dripping Springs, 1
- 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 2017
![property image]()
LEASED 07/11/20- Rent
- Rent Per SQFT
- $2,000
- $1.06
-
247 Spanish Star Trl Dripping Springs, 2
- 3 beds 3 baths ∙ 2,042 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,042 Sqft ∙ Built 2017
![property image]()
LEASED 06/16/20- Rent
- Rent Per SQFT
- $2,100
- $1.03
-
178 Spanish Star Trl Dripping Springs, 4
- 4 beds 4 baths ∙ 2,394 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,394 Sqft ∙ Built 2018
![property image]()
LEASED 04/26/20- Rent
- Rent Per SQFT
- $2,500
- $1.04
-
1166 Grant Wood Ave Dripping Springs, 5
- 4 beds 3 baths ∙ 2,164 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,164 Sqft ∙ Built 2020
![property image]()
LEASED 05/13/20- Rent
- Rent Per SQFT
- $2,700
- $1.25
PROPERTY LISTING DETAILS
1.512.947.8787
Austin Real Estate Experts
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 2000522
Last Updated: 08/24/2020
