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 2002
- Price/Sqft : $169.57
- 6 Days on Market
- MLS # : 2383203
- Updated Date : 01/22/2021 at 15:56
CONSTRUCTION
- Beds : 2
- Floor Size : 2,052 sqft
- Baths : 2 full
Listing Agent
Era Colonial Real Estate
Listing Agent's Description
Located near the end of a well-placed cul-de-sac, this Sun City Texas Williamson (Trinity) greets you with a front sitting porch. Once inside and off the Foyer resides a Study/Computer Room, an ideal Office-at Home. Ahead, the spacious Great Room is anchored with a gas-log Fireplace flanked by custom built-ins. Crown Molding rims the ceilings, while a trio of shuttered windows reveal the fenced and treed back yard. There, a ribbon of greenbelt adds a nice buffer from the boulevard. Meanwhile, the Dining portion of the Great Room grants full-view glass doors opening onto the terrace-style Extended Covered Patio and back yard scenery. Open to the Great Room, the out-sized Island Kitchen is flush with cabinets and a Pantry Closet, while Corian counters circle the space with pride. The bay-windowed Breakfast Room touts views of the cul-de-sac location. Quietly located at the rear of the home, the Primary Bedroom flaunts another shuttered bay window enlarging this all-important room of the home. The en suite Primary Bath features a jetted tub, a separate shower, dual vanities and a generous Walk-In Closet. A Guest Bedroom and Bath are near the Laundry Room, where a sink and a gas dryer hook-up are options not offered on all homes. Additionally, this home touts a Hobby Room with a wall of custom built-ins. This special extra room is not seen on all homes of this plan. Be sure and see the Extended Garage, another outstanding offering of this very nice choice.
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 | $1,850 |
| EXPENSES | Loan Payment | -$1,209 |
| Property Tax | -$682 | |
| Property Insurance | -$143 | |
| HOA | -$102 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$384
|
||
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.
$347,950
PROJECTED PRICE
$1,850
PROJECTED RENT
0.53%
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
$97,957
LOAN DETAILS
$1,209
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $86,988 |
| Loan Amount | $260,963 |
0.25
YEARS SAVED
$175
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,850
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,990
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
116 Grapevine Lane Georgetown, TX 2
- 2 beds 2 baths ∙ 2,052 Sqft ∙ Built 2002 2 beds 2 baths ∙ 2,052 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $1,850
- $0.90
-
102 Sandpiper Cv Georgetown, TX 1
- 2 beds 2 baths ∙ 1,895 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,895 Sqft ∙ Built 1998
LEASED 06/05/20- Rent
- Rent Per SQFT
- $1,800
- $0.95
-
209 W Dove Hollow Trail Georgetown, TX 3
- 2 beds 2 baths ∙ 2,026 Sqft ∙ Built 2001 2 beds 2 baths ∙ 2,026 Sqft ∙ Built 2001
LEASED 09/17/20- Rent
- Rent Per SQFT
- $1,925
- $0.95
-
231 Whispering Wind Drive Georgetown, TX 4
- 2 beds 3 baths ∙ 2,097 Sqft ∙ Built 1997 2 beds 3 baths ∙ 2,097 Sqft ∙ Built 1997
LEASED 12/11/20- Rent
- Rent Per SQFT
- $2,150
- $1.03
PROPERTY LISTING DETAILS
1.512.818.9300
Era Colonial Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 2383203
Last Updated: 01/22/2021
