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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $175.67
- 4 Days on Market
- MLS # : 6864982
- Updated Date : 11/20/2020 at 01:49
CONSTRUCTION
- Beds : 3
- Floor Size : 1,525 sqft
- Baths : 2 full
Listing Agent
Lgi Homes
Listing Agent's Description
The Fannin is a charming, single-story home in the community of Liberty Parke. This home boasts 3 bedrooms, 2 full baths, an open family room and a private dining room. Stainless-steel appliances, stunning wood cabinetry with crown molding, granite countertops, and an attached two-car garage with a WiFi-enabled garage door opener are just a few of the incredible upgrades you will find inside this home. The Fannin also features a fully fenced backyard and a covered back patio.
SEE MORE
- 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)
- #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.
PRICE & RENT TRENDS
Zip Code: 78642
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 78642
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,530 |
| EXPENSES | Loan Payment | -$988 |
| Property Tax | -$523 | |
| Property Insurance | -$113 | |
| HOA | -$50 | |
| Property Management Fees | -$122 | |
|
CASH FLOW
-$267
|
||
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.
$267,900
PROJECTED PRICE
$1,530
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 4.1% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.72% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$72,994
LOAN DETAILS
$988
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $66,975 |
| Loan Amount | $200,925 |
0.33
YEARS SAVED
$231
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,530
LIST RENT -
$1
LIST RENT PER SQFT
-
$1,575
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
101 Declaration Lane Liberty Hill, TX 1
- 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 2020
![property image]()
- Rent
- Rent Per SQFT
- $1,530
- $1.00
-
218 Independence Ave Liberty Hill, TX 2
- 4 beds 2 baths ∙ 1,700 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,700 Sqft ∙ Built 2019
![property image]()
LEASED 02/10/20- Rent
- Rent Per SQFT
- $1,625
- $0.96
-
305 Independence Avenue Liberty Hill, TX 3
- 4 beds 2 baths ∙ 1,698 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,698 Sqft ∙ Built 2019
![property image]()
LEASED 08/20/20- Rent
- Rent Per SQFT
- $1,750
- $1.03
-
232 Freedom Park Avenue Liberty Hill, TX 4
- 4 beds 2 baths ∙ 1,704 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,704 Sqft ∙ Built 2018
![property image]()
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,895
- $1.11
PROPERTY LISTING DETAILS
1.800.846.3085
Lgi Homes
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 6864982
Last Updated: 11/20/2020
