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116 Yaupon Lane Georgetown, TX 78633

3 Beds 2 Baths 2,137 sqft Built 1997

$359,000

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $167.99
  • 4 Days on Market
  • MLS # : 4216939
  • Updated Date : 12/31/2020 at 22:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,137 sqft
  • Baths : 2 full
Listing Agent

Pathfinder Property Management

Listing Agent's Description

Beautifully maintained 3 bedroom home on a large corner lot in a quiet cul-de-sac of one of the original sections of Sun City. Ready for quick move-in! The large, covered, front porch welcomes your guests! The back porch can be enclosed easily if you wish to make it into a sunroom. Lots of natural lighting and tons of storage in this house! The roof was replaced in September 2020, the HVAC unit was installed 2012, attic insulation & foil radiant barrier added in 2011, and hardwood flooring installed in 2006. The front bedroom features a custom-built desk, and all bedrooms have large walk-in closets. The garage has a workbench and a huge overhead loft for additional storage! Seller financing available with 20% down & 5% APR.

SEE MORE

MARKET HIGHLIGHTS

  • #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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Sun City

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $136k410k

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

Neighborhood: Sun City

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
Jarrell Middle School Primary Regular 271 21 3
Jarrell Middle School Middle Regular 271 21 3
Jarrell High School High Regular 332 30 5

Jarrell Middle School

  • Education Level: Primary
  • # of students: 271
  • # of teachers: 21
3
GreatSchools Rating

Jarrell Middle School

  • Education Level: Middle
  • # of students: 271
  • # of teachers: 21
3
GreatSchools Rating

Jarrell High School

  • Education Level: High
  • # of students: 332
  • # of teachers: 30
5
GreatSchools Rating
 

$323,100$394,900$359,000

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,325
Property Tax -$704
Property Insurance -$147
HOA -$102
Property Management Fees -$99
CASH FLOW
-$367

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.

$359,000

PROJECTED PRICE

$2,010

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$100,885

INVESTMENT

$100,885

Down Payment
$89,750
Rehab Estimate
$5,750
Closing Costs
$5,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,325

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,750
Loan Amount $269,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$695

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,030

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9003$1,9754$2,0105$2,150
$2,150
RENT COMPS ANALYSIS
  • 116 Yaupon Lane Georgetown, TX 4
    • 3 beds 2 baths ∙ 2,137 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,137 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.94
    •  
  • 105 Falcon Cove Georgetown, TX 1
    • 3 beds 3 baths ∙ 2,059 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,059 Sqft ∙ Built 1996
    LEASED 12/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.92
    •  
  • 306 Dove Hollow Trail Georgetown, TX 2
    • 3 beds 2 baths ∙ 1,994 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,994 Sqft ∙ Built 2003
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.95
    •  
  • 718 Westbury Lane Georgetown, TX 3
    • 4 beds 3 baths ∙ 1,993 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,993 Sqft ∙ Built 2007
    LEASED 10/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.99
    •  
  • 109 Scurry Pass Georgetown, TX 5
    • 3 beds 3 baths ∙ 2,286 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,286 Sqft ∙ Built 2000
    LEASED 12/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.94
    •  
PROPERTY LISTING DETAILS
Kimberly Parker
1.512.731.7395
Pathfinder Property Management
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 4216939
Last Updated: 12/31/2020
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