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1023 Liberty Park Drive Belton, TX 76513

4 Beds 2 Baths 1,847 sqft Built 2017

$195,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $105.58
  • 5 Days on Market
  • MLS # : 9670198
  • Updated Date : 11/03/2020 at 01:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,847 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Multiple offers. Highest and best by 11/3 at 7 pm. This is a great home in Liberty Park subdivision. Just over 1800 square feet, 4 bed rooms with 2 full baths. Nice open floorpan. Granite counters. Two walk in closets in the master. Nice separation between rooms. Backs to greenbelt with no back neighbor. Home completed in 2017 and still feels brand new. NO HOA. Right down the road from the new distribution center Amazon is building in Waco. Showing by appointment only. Please give at least two hours in advance. No showings before 3 during the week. More photos coming this week.

SEE MORE

MARKET HIGHLIGHTS

  • 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: 76513

ZipNIR Market*CityMarket2010Year20002019100k110k120k130k140k150k160k170k180k190kPrice in $92k193k

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

Zip Code: 76513

ZipNIR Market*CityMarket2015Year2009 Q32019 Q21050110011501200125013001350Rent in $10391366

* 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
Chisholm Trail Elemenary School Primary Unknown 646 39 NA
South Belton Middle School Middle Regular 792 59 NA
Belton High School High Regular 2,643 176 6

Chisholm Trail Elemenary School

  • Education Level: Primary
  • # of students: 646
  • # of teachers: 39
NA
GreatSchools Rating

South Belton Middle School

  • Education Level: Middle
  • # of students: 792
  • # of teachers: 59
NA
GreatSchools Rating

Belton High School

  • Education Level: High
  • # of students: 2,643
  • # of teachers: 176
6
GreatSchools Rating
 

$175,500$214,500$195,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$719
Property Tax -$419
Property Insurance -$124
Property Management Fees -$116
CASH FLOW
$71

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$195,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 2.3%
Maintenance Year (1-5) 8.00%
Vacancy 8.48%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$57,425

INVESTMENT

$57,425

Down Payment
$48,750
Rehab Estimate
$5,750
Closing Costs
$2,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$719

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $48,750
Loan Amount $146,250
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$6,561

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,367

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,450
$1,450
RENT COMPS ANALYSIS
  • 1023 Liberty Park Drive Belton, TX 2
    • 4 beds 2 baths ∙ 1,847 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,847 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.79
    •  
  • 851 Liberty Park Drive Belton, TX 1
    • 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 2017
    LEASED 07/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.74
    •  
PROPERTY LISTING DETAILS
Robert Risher
1.512.264.4537
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 9670198
Last Updated: 11/03/2020
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