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1107 Ascot Street Georgetown, TX 78626

3 Beds 2 Baths 1,577 sqft Built 2003

$280,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $177.55
  • 4 Days on Market
  • MLS # : 3839616
  • Updated Date : 03/19/2021 at 22:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,577 sqft
  • Baths : 2 full
Listing Agent

Pure Realty

Listing Agent's Description

Cute 3 bedroom 2 bath house located in a cul de sac on over a quarter acre in Georgetown Crossing. Charming one story appealing landscaping, shutters, and 2 car garage. Single light entry door leads you to a foyer and into an open concept living/kitchen/dining. Beautiful vinyl plank flooring, gas fireplace and upgraded light fixture are a few features in this spacious living room. Eat in kitchen features granite counters, glass tile backsplash, white cabinets, LED recessed lighting, stainless steel appliances including a built in microwave, and a breakfast bar. Large covered back patio with an outdoor kitchen (Propane burner, stainless steel cabinets and mini refrigerator) and hot tub. Spacious primary bedroom with upgraded ceiling fan and en suite single vanity with shower/tub combo and tile surround. The largest guest bedroom boasts a lot of natural light from the bay window and features chair railing and ceiling fan. Guest bath features a single vanity, shower/tub combo, tile floors, brushed nickel fixtures and designer mirror. Roof is approximately 2 years old per the seller. Recently purchased water softener, carpet replace February 2021.

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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 Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300kPrice in $126k315k

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

Neighborhood: Georgetown Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8741816

* 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
James E. Mitchell Elementary School Primary Regular 739 47 2
James Tippit Middle School Middle Regular 840 54 3
East View High School High Regular 1,418 110 4

James E. Mitchell Elementary School

  • Education Level: Primary
  • # of students: 739
  • # of teachers: 47
2
GreatSchools Rating

James Tippit Middle School

  • Education Level: Middle
  • # of students: 840
  • # of teachers: 54
3
GreatSchools Rating

East View High School

  • Education Level: High
  • # of students: 1,418
  • # of teachers: 110
4
GreatSchools Rating
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$973
Property Tax -$549
Property Insurance -$116
HOA -$30
Property Management Fees -$99
CASH FLOW
-$206

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.

$280,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.72%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$973

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$1,607

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,683

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,560
1$1,5602$1,5953$1,6004$1,6255$1,695
$1,695
RENT COMPS ANALYSIS
  • 1107 Ascot Street Georgetown, TX 1
    • 3 beds 2 baths ∙ 1,577 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,577 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.99
    •  
  • 1508 Ascot St Georgetown, TX 2
    • 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 2015
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.06
    •  
  • 1487 Newbury St Georgetown, TX 3
    • 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 2003
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.04
    •  
  • 45 Churchill Farms Drive Georgetown, TX 4
    • 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 2016
    property image
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.08
    •  
  • 1326 Ascot Street Georgetown, TX 5
    • 3 beds 2 baths ∙ 1,557 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,557 Sqft ∙ Built 2002
    property image
    LEASED 08/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.09
    •  
PROPERTY LISTING DETAILS
Tina Peterson
Pure Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 3839616
Last Updated: 03/19/2021
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