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$372,986

620 Water Way Ave, Hutto, TX, 78634

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,000 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.23 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Gas Cooktop, Microwave, Oven, Refrigerator, Washer/Dryer
FlooringCarpet, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Yard

Building Information

Year Built2023
Garage Spaces2

Land Information

APNR-14-2029-040A-0058
Lot Number58
Land UseVacant Land
Legal DescriptionS13118 - COTTONWOOD PH 4, BLOCK A, LOT 58
Census Tract020819
Assessed Land Value$79,000
Assessed Improvement Value$293,986
Assessment Year2025

About this property

Be the inaugural occupant of this pristine, BRAND NEW 4-bedroom, 3.5-bathroom single-story home, now available for immediate lease in the sought-after Hutto Cotton Brook neighborhood. A distinctive feature of this home is the added entrance accessible office room through the front porch, which provides a convenient space for welcoming business clients. This area comes complete with its own half bath and features a built-in desk with drawers and upper cabinets. Throughout the property, you'll find luxurious vinyl plank flooring gracing the entryway, living area, kitchen, dining room, and bathrooms. The gourmet kitchen boasts a brand-new black stainless-steel refrigerator and a generously sized island, perfect for hosting guests. Additionally, a brand new washer and dryer are included in a dedicated laundry room for your convenience. The comfortable owner's suite is discreetly positioned at the rear of the home, with attached bathroom and a spacious walk-in closet. This home's location is highly convenient, with proximity to Hutto High School, Toll Road 130, and Highway 79, ensuring easy access to both Round Rock and Austin. Furthermore, you'll find a variety of shopping and dining options within a 2-3 mile radius. Several amenities and trails to enjoy within the community. Requirements: Clear background check, good rental history, credit score above 650, and income 3 times that of rent.Pet Aggresive breeds not allowed.

Investor Tools

Property Icon
$372,986
Estimated Property Value
$274,493Estimated Mortgage Balance
$111,386Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,238 /month
Positive
Cash Flow Estimate:
$746 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$887/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,776
$372,986
2025
$79,000
$293,986
$372,986
No

Tax History

Year
Tax Paid
Assessed Value
2025
$8,776
$372,986

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lennar Mortgage Llc
Conventional
$274,493
No
First
Oct 11, 2023
Nov 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$262,037
$110,949
29%
70%
$1,646/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,750/mo
$1,646/mo
+$1,104/mo
8.8%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Hutto

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620 Water Way Ave | Property Details | No Agent List