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Top 10 Foreclosure List
Week of 2/11/09

Note the average days on market for our Top 10 Selections is only four days. The early bird is the only bird catching these worms. Please contact me today at brittani@castlehillinvestments.com or 512.970.8459.



Brittani Johnson, Foreclosure Agent Specialist

BELOW $100,000

4005 Ayala Dr, Austin, TX 78725


  • Nice little neighborhood with quick access to 130 and airport
  • School District: Dell Valle ISD
  • Asking Price: $84,000, 1630 sq ft. 3/2, built in 1997
  • Lease: $995/month, Cap Rate: 10%
  • Monthly Positive Cash Flow: $272

  • Pro Forma Value in 5 yrs: $147,704; 5 yr ROI: 95%
    27% under recent sales comps, 30% under tax appraisal

    12513 Mexicana Cv, Del Valle, TX 78617



  • Recent construction in great Del Valle location
  • School District: Dell Valle ISD
  • Asking Price: $94,250, 1659 sq ft. 3/2/1, built in 2004
  • Lease: $1095/month, Cap Rate: 10%
  • Monthly Positive Cash Flow: $302
    Pro Forma Value in 5 yrs: $158,801; 5 yr ROI: 88%
    24% under recent sales comps, 28% under tax appraisal
  • $100,000's - $150,000's

    504 Harvest Cv, Cedar Park, 78613


  • Central Cedar Park location with access to shopping, light rail and 183
  • School District: Leander ISD
  • Asking Price: $105,900, 1410 sq ft. 3/2/1, built in 1993
  • Lease: $1000/month, Cap Rate: 8%
  • Monthly Positive Cash Flow: $191

  • Pro Forma Value in 5 yrs: $174,557; 5 yr ROI: 76%
    23% under recent sales comps, 16% under tax appraisal

    124 Loon Lake, Kyle, TX 78640


  • Recent construction in area experiencing booming growth
  • School District: Hays ISD
  • Asking Price: $124,000, 1676 sq ft. 3/2, built in 2005
  • Lease: $1050/month, Cap Rate: 7%
  • Monthly Positive Cash Flow: $133

  • Pro Forma Value in 5 yrs: $194,653; 5 yr ROI: 63%
    19% under recent sales comps, 16% under tax appraisal

    1112 Champion Dr, Round Rock, TX 78664


  • Excellent location in North Round Rock- near schools, employers and shopping
  • School District: Round Rock ISD
  • Asking Price: $125,000, 2142 sq ft. 3/2/1, built in 2002
  • Lease: $1150/month, Cap Rate: 8%
  • Monthly Positive Cash Flow: $174

  • Pro Forma Value in 5 yrs: $215,970; 5 yr ROI: 81%
    26% under recent sales comps, 14% under tax appraisal

    6207 Roseborough Dr, Austin, TX 78747


  • Location is ideally situated near parks and schools
  • School District: Austin ISD
  • Asking Price: $143,000, 3031 sq ft. 5/3/1, built in 2006
  • Lease: $1350/month, Cap Rate: 8%
  • Monthly Positive Cash Flow: $238

  • Pro Forma Value in 5 yrs: $208,894; 5 yr ROI: 56%
    13% under recent sales comps, 14% under tax appraisal

    145 Marquitos Dr, Kyle, TX 78640


  • Kensington Trails subdivision at this price? Wow!
  • School District: Hays ISD
  • Asking Price: $144,900, 2753 sq ft. 4/2/1, built in 2005
  • Lease: $1350/month, Cap Rate: 8%
  • Monthly Positive Cash Flow: $229

  • Pro Forma Value in 5 yrs: $217,843; 5 yr ROI: 60%
    15% under recent sales comps, 18% under tax appraisal
    $150,000's - $200,000's

    1851 Bayland St, Round Rock, TX 78664


  • Neighborhood stands to see good appreciation due to central Round Rock location
  • School District: Round Rock ISD
  • Asking Price: $166,900, 3564 sq ft. 4/2/1, built in 2006
  • Lease: $1600/month, Cap Rate: 8%
  • Monthly Positive Cash Flow: $291

  • Pro Forma Value in 5 yrs: $282,017; 5 yr ROI: 79%
    24% under recent sales comps, 18% under tax appraisal
    $200,000's and up

    5818 Mordred Ln, Austin, TX 78739


  • Circle C remains one of the most prestigious neighborhoods in Austin
  • School District: Austin ISD
  • Asking Price: $232,900, 2444 sq ft. 3/2/1, built in 1995
  • Lease: $1800/month, Cap Rate: 6%
  • Monthly Positive Cash Flow: $104

  • Pro Forma Value in 5 yrs: $364,950; 5 yr ROI: 59%
    19% under recent sales comps, 28% under tax appraisal

    7409 Brecourt Manor Way, Austin, TX 78739


  • Gated community built by Streetman Homes. Beautiful area that will appreciate due to highly desirable brand new elementary school
  • School District: Austin ISD
  • Asking Price: $255,550, 2651 sq ft. 4/2/1, built in 2005
  • Lease: $2075/month, Cap Rate: 6%
  • Monthly Positive Cash Flow: $81

  • Pro Forma Value in 5 yrs: $426,311; 5 yr ROI: 69%
    23% under recent sales comps, 19% under tax appraisal
    *ROI formula:
    ((Value in 5 yrs+ 5 yr net cash flow) - Purchase Price) / Purchase Price
     
    *Cash flow is assuming 30% monthly expenses
    Robert Grunnah
    1400 S Congress Ave
    Castle Hill Investments, LLC
    512-444-2299
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