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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $198.47
- 2 Days on Market
- MLS # : 9410487
- Updated Date : 11/14/2020 at 06:47
CONSTRUCTION
- Beds : 2
- Floor Size : 1,310 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty-gt
Listing Agent's Description
Remodeled & Updated ANGELINA features nine-foot ceilings, 2bdrm 2bath 2car garage, mother-in-law plan for privacy. The transom windows in kitchen-dining area add a light, airy feeling. Floors are large tiles, carpet, and luxury vinyl laminate. The glass doors in both the Master and Dining provide easy access to the increased livability of a new Screened-in Porch with 2 lighted ceiling fans. A modern chandelier in the dining room, recessed lights in the living room, blinds in all rooms, Culligan water softener, one-level Granite countertops in Kitchen and Breakfast bar along with additional under-counter cabinets & stainless steel drawers, power & TV outlets in kitchen, wainscoting, a new stove, pull-down attic stairs in garage, landscaping with a tree, shingles with added ridge vent, ADT Security Service, are all new additions. Fresh paint on front door, living, dining and kitchen make this private vacation home in our lovely Sun City updates you are ready to enjoy.
SEE MORE
- 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.
- 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)
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 | $1,560 |
| EXPENSES | Loan Payment | -$959 |
| Property Tax | -$510 | |
| Property Insurance | -$101 | |
| HOA | -$100 | |
| Property Management Fees | -$125 | |
|
CASH FLOW
-$235
|
||
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.
$259,999
PROJECTED PRICE
$1,560
PROJECTED RENT
0.60%
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
$74,650
LOAN DETAILS
$959
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $65,000 |
| Loan Amount | $194,999 |
0.42
YEARS SAVED
$377
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 -
$1.19
LIST RENT PER SQFT
-
$1,412
COMP ESTIMATED VALUE -
$1.08
COMP AVG. RENT PER SQFT
Comps Range
-
121 Enchanted Drive Georgetown, TX 3
- 2 beds 2 baths ∙ 1,310 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,310 Sqft ∙ Built 1996
![property image]()
- Rent
- Rent Per SQFT
- $1,560
- $1.19
-
103 Anemone Way Georgetown, TX 1
- 2 beds 2 baths ∙ 1,310 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,310 Sqft ∙ Built 1997
![property image]()
LEASED 08/23/19- Rent
- Rent Per SQFT
- $1,450
- $1.11
-
124 Bluebell Drive Georgetown, TX 2
- 2 beds 2 baths ∙ 1,442 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,442 Sqft ∙ Built 1997
![property image]()
LEASED 12/02/19- Rent
- Rent Per SQFT
- $1,500
- $1.04
-
105 Peach Blossom Circle Georgetown, TX 4
- 2 beds 2 baths ∙ 1,573 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,573 Sqft ∙ Built 1997
![property image]()
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,700
- $1.08
PROPERTY LISTING DETAILS
1.512.731.6627
Keller Williams Realty-gt
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 9410487
Last Updated: 11/14/2020
