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1002 Hawkeye Point Road Georgetown, TX 78626

3 Beds 3 Baths 1,738 sqft Built 2014

$270,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $155.35
  • 4 Days on Market
  • MLS # : 5341033
  • Updated Date : 01/09/2021 at 16:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,738 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jp And Associates Realtors

Listing Agent's Description

**Please submit all "best and final offers" by 09JAN by 8:00pm, thank you.** This beautiful home won't last with only one previous owner and located in a partial cul-de-sac (non busy street)! Home features, open floor plan, enclosed shed included in backyard, granite kitchen countertop, marble restroom countertops throughout, solar screens installed (original screens are still perfect and available), wired for alarm system, dual thermostat upstairs/downstairs, 2" Faux wood routed blinds, brushed nickel fixtures and faucets, ceiling fans in all rooms and upstairs loft area, 42" upper cabinets, ceramic tile backsplash, garage door opener, raised bath vanity throughout, raised shower-head in master shower, pre-plumbed for water softener, rain gutters complete home, GE black electric range, dishwasher, microwave, refrigerator, upgraded motion activated kitchen sink, quarterly pest control done lifetime of house.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 78626

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300kPrice in $120k315k

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

Zip Code: 78626

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8441816

* 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
Carver Elementary School Primary Regular 429 29 3
George Wagner Middle School Middle Regular NA
East View High School High Regular 1,418 110 4

Carver Elementary School

  • Education Level: Primary
  • # of students: 429
  • # of teachers: 29
3
GreatSchools Rating

George Wagner Middle School

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

East View High School

  • Education Level: High
  • # of students: 1,418
  • # of teachers: 110
4
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$938
Property Tax -$529
Property Insurance -$125
HOA -$32
Property Management Fees -$99
CASH FLOW
$17

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$270,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.72%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$12,526

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,738

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7003$1,7004$1,7405$1,750
$1,750
RENT COMPS ANALYSIS
  • 1002 Hawkeye Point Road Georgetown, TX 4
    • 3 beds 3 baths ∙ 1,738 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,738 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $1.00
    •  
  • 623 Pinnacle Drive Georgetown, TX 1
    • 3 beds 3 baths ∙ 1,783 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,783 Sqft ∙ Built 2015
    property image
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.95
    •  
  • 309 Potters Peak Way Georgetown, TX 2
    • 3 beds 2 baths ∙ 1,609 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,609 Sqft ∙ Built 2014
    property image
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.06
    •  
  • 1019 Plateau Trail Georgetown, TX 3
    • 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 2014
    property image
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.02
    •  
  • 613 Pinnacle Dr Georgetown, TX 5
    • 3 beds 3 baths ∙ 1,812 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,812 Sqft ∙ Built 2015
    property image
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.97
    •  
PROPERTY LISTING DETAILS
Keefe Wilke
1.512.987.9105
Jp And Associates Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 5341033
Last Updated: 01/09/2021
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