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104 Stetson Trail Georgetown, TX 78633

2 Beds 2 Baths 1,919 sqft Built 1996

$324,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

October 27, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $168.84
  • 8 Days on Market
  • MLS # : 3199025
  • Updated Date : 10/28/2020 at 05:00
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,919 sqft
  • Baths : 2 full
Listing Agent

Stacy Group Llc

Listing Agent's Description

Do you like watching the deer while enjoying a cup of coffee? Do you like space from neighbors with trees and nature in a developed neighborhood? Then you need to come see this Del Webb built beauty. This popular Trinity plan has a view you don't want to miss and with a sun room so you can enjoy year round. Golf Cart Tandem garage (garage is 588 sq. ft.), decked attic, formica counter-tops with built in black appliances. 2" wood blinds, huge master closet, high ceilings updated lighting in dining, crown molding and have I mentioned the view yet? Side door from garage to yard. Priced for you to update the flooring as desired.

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

Neighborhood: Sun City

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $136k410k

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

Neighborhood: Sun City

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9972157

* 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
Jarrell Middle School Primary Regular 271 21 3
Jarrell Middle School Middle Regular 271 21 3
Jarrell High School High Regular 332 30 5

Jarrell Middle School

  • Education Level: Primary
  • # of students: 271
  • # of teachers: 21
3
GreatSchools Rating

Jarrell Middle School

  • Education Level: Middle
  • # of students: 271
  • # of teachers: 21
3
GreatSchools Rating

Jarrell High School

  • Education Level: High
  • # of students: 332
  • # of teachers: 30
5
GreatSchools Rating
 

$291,600$356,400$324,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,195
Property Tax -$635
Property Insurance -$135
HOA -$100
Property Management Fees -$152
CASH FLOW
-$318

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.

$324,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 5.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.80%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,610

INVESTMENT

$91,610

Down Payment
$81,000
Rehab Estimate
$5,750
Closing Costs
$4,860

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,195

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,000
Loan Amount $243,000
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$305

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,996

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8503$1,8654$1,900
$1,900
RENT COMPS ANALYSIS
  • 104 Stetson Trail Georgetown, TX 4
    • 2 beds 2 baths ∙ 1,919 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,919 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.99
    •  
  • 100 Morning Glory Circle Georgetown, TX 1
    • 2 beds 2 baths ∙ 1,850 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,850 Sqft ∙ Built 1998
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.97
    •  
  • 103 Peach Blossom Circle Georgetown, TX 2
    • 2 beds 2 baths ∙ 1,730 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,730 Sqft ∙ Built 1997
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.07
    •  
  • 110 Old Chisholm Trl Georgetown, TX 3
    • 2 beds 2 baths ∙ 1,763 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,763 Sqft ∙ Built 1995
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,865
    • $1.06
    •  
PROPERTY LISTING DETAILS
Keri Gann
1.512.775.3067
Stacy Group Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 3199025
Last Updated: 10/28/2020
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