Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Georgetown Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$95,824
LOAN DETAILS
$1,254
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $84,975 |
| Loan Amount | $254,925 |
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
-
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
1.512.964.3434
Realty Austin
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 5077682
Last Updated: 11/28/2020
