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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $199.71
- 3 Days on Market
- MLS # : 8634469
- Updated Date : 01/23/2021 at 02:42
CONSTRUCTION
- Beds : 2
- Floor Size : 1,397 sqft
- Baths : 2 full
Listing Agent
Berdoll Realty
Listing Agent's Description
Lovely Llano greenbelt home located in one of Sun City's favorite "pocket neighborhoods" Nicely landscaped, private patio overlooking greenbelt for ideal entertaining/outdoor living. Kitchen open to living, dining area. Master suite w/ wall of windows/master bath/oversized walk-in shower/double vanity/walk- in closet. Guest room separate from master. Newly carpeted. Utility room w/built-in sink, 2nd pantry. Full gutters, zoned sprinkler system. Come see what this fabulous home has to offer !
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: Sun City
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,590 |
| EXPENSES | Loan Payment | -$969 |
| Property Tax | -$547 | |
| Property Insurance | -$106 | |
| HOA | -$100 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$231
|
||
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.
$279,000
PROJECTED PRICE
$1,590
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$79,685
LOAN DETAILS
$969
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $69,750 |
| Loan Amount | $209,250 |
0.75
YEARS SAVED
$929
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,590
LIST RENT -
$1.14
LIST RENT PER SQFT
-
$1,586
COMP ESTIMATED VALUE -
$1.14
COMP AVG. RENT PER SQFT
Comps Range
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110 Granite Peak Cove Georgetown, TX 1
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- Rent Per SQFT
- $1,590
- $1.14
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210 Brenham Pass Georgetown, TX 2
- 2 beds 2 baths ∙ 1,475 Sqft ∙ Built 2018 2 beds 2 baths ∙ 1,475 Sqft ∙ Built 2018
LEASED 07/21/20- Rent
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- $1,600
- $1.08
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204 Essex Lane Georgetown, TX 3
- 2 beds 2 baths ∙ 1,397 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,397 Sqft ∙ Built 2006
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,600
- $1.15
-
130 Essex Lane Georgetown, TX 4
- 2 beds 2 baths ∙ 1,397 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,397 Sqft ∙ Built 2006
LEASED 09/15/20- Rent
- Rent Per SQFT
- $1,625
- $1.16
-
410 Sundance Lane Georgetown, TX 5
- 2 beds 2 baths ∙ 1,429 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,429 Sqft ∙ Built 2003
LEASED 10/29/20- Rent
- Rent Per SQFT
- $1,650
- $1.15
PROPERTY LISTING DETAILS
1.512.924.8123
Berdoll Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 8634469
Last Updated: 01/23/2021
