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109 Rosebud Lane Georgetown, TX 78633

4 Beds 3 Baths 2,419 sqft Built 2007

$339,900

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $140.51
  • 2 Days on Market
  • MLS # : 5077682
  • Updated Date : 11/28/2020 at 14:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,419 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Austin

Listing Agent's Description

Beautifully updated four bedroom home in Georgetown Village provides plenty of space for comfortable living. The open concept family room and kitchen are bright and airy with windows that allow tons of natural light. Recent updates in the kitchen include; painted cabinets, replaced stainless steel cook range and microwave. The large center island has granite counters, breakfast bar, and a good size prep space for those home made meals. The coffee bar has plenty of counter space with ample storage. The main level primary bedroom has wood floors, ensuite bath with double vanities and large walk-in closet. The front room flex space, can be home office, formal living or dining, playroom and so much more! The upstairs cozy living is a great lounge space for guests or kids. The secondary bedrooms are spacious with good size closets. The exterior of the home has been painted and the roof replaced in November 2020. The back windows of the home will have glass replaced in December 2020. This is a must see home with well appointed spaces throughout for easy living. The large backyard features a patio with a pergola and space to raise chickens, have the kids and dogs run all over on this oversized interior lot. Enjoy the neighborhood parks, and walking distance to the elementary school, the location is ideal for someone that wants a friendly neighborhood. Minutes to Shell Road and Williams drive, close to grocery store, drug stores and restaurants, the location is perfect for someone wanting convenience and community.

SEE MORE

MARKET HIGHLIGHTS

  • 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

Neighborhood: Georgetown Village

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $136k410k

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

Neighborhood: Georgetown Village

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
Village Elementary School Primary Regular 370 29 7
Douglas Benold Middle School Middle Regular 825 53 5
Georgetown High School High Regular 1,822 121 5

Village Elementary School

  • Education Level: Primary
  • # of students: 370
  • # of teachers: 29
7
GreatSchools Rating

Douglas Benold Middle School

  • Education Level: Middle
  • # of students: 825
  • # of teachers: 53
5
GreatSchools Rating

Georgetown High School

  • Education Level: High
  • # of students: 1,822
  • # of teachers: 121
5
GreatSchools Rating
 

$305,910$373,890$339,900

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,254
Property Tax -$667
Property Insurance -$163
HOA -$35
Property Management Fees -$155
CASH FLOW
-$334

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.

$339,900

PROJECTED PRICE

$1,940

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 3.4%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$368

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,978

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,9003$1,9254$1,9405$1,995
$1,995
RENT COMPS ANALYSIS
  • 109 Rosebud Lane Georgetown, TX 4
    • 4 beds 3 baths ∙ 2,419 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,419 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.80
    •  
  • 903 Elmwood Dr Georgetown, TX 1
    • 4 beds 3 baths ∙ 2,306 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,306 Sqft ∙ Built 2006
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.78
    •  
  • 504 Tascate St Georgetown, TX 2
    • 3 beds 2 baths ∙ 2,392 Sqft ∙ Built 2011 3 beds 2 baths ∙ 2,392 Sqft ∙ Built 2011
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.79
    •  
  • 127 Village Park Drive Georgetown, TX 3
    • 4 beds 4 baths ∙ 2,284 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,284 Sqft ∙ Built 2007
    property image
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.84
    •  
  • 703 Westbury Ln Georgetown, TX 5
    • 4 beds 2 baths ∙ 2,310 Sqft ∙ Built 2009 4 beds 2 baths ∙ 2,310 Sqft ∙ Built 2009
    property image
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.86
    •  
PROPERTY LISTING DETAILS
Ruth Powers
1.512.964.3434
Realty Austin
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 5077682
Last Updated: 11/28/2020
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