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124 Flat Creek Court Georgetown, TX 78633

3 Beds 2 Baths 1,484 sqft Built 2020

$285,300

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $192.25
  • 3 Days on Market
  • MLS # : 2064835
  • Updated Date : 11/20/2020 at 20:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,484 sqft
  • Baths : 2 full
Listing Agent

Century Communities - Crotx

Listing Agent's Description

True to it's name, the Ponderosa is a mighty single-story floor plan that stylishly combines functionality with comfort. A distinct porch entry ushers you into the foyer, adjoining two secondary bedrooms that flank a full hall bath. Beyond the foyer, an open-concept provides an uninterrupted flow between the dining area, great room and kitchen. The kitchen comes complete with a convenient corner pantry, center island and ample counter space; trimmed with 42"painted white cabinets, subway tile backsplash and white quartz countertops. You will also find a USB port in the kitchen, additional recessed lights in the great room and a and extended light beige wood-look tile throughout the first floor in common areas. At the end of the day, escape to the secluded primary bedroom, which includes a spacious walk-in closet and private bathroom with double sinks at the vanity and walk-in shower.  Along with a two-bay garage, laundry room and several linen closets, a gas line at the covered patio, this thoughtfully crafted floor plan offers abundant storage and comfortability. Schedule your appointment to secure your new dream home today!

SEE MORE

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

Zip Code: 78633

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $126k335k

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

Zip Code: 78633

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9371902

* 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
Jo Ann Ford Elementary School Primary Regular 552 32 8
Douglas Benold Middle School Middle Regular 825 53 5
Georgetown High School High Regular 1,822 121 5

Jo Ann Ford Elementary School

  • Education Level: Primary
  • # of students: 552
  • # of teachers: 32
8
GreatSchools Rating

Douglas Benold Middle School

  • Education Level: Middle
  • # of students: 825
  • # of teachers: 53
5
GreatSchools Rating

Georgetown High School

  • Education Level: High
  • # of students: 1,822
  • # of teachers: 121
5
GreatSchools Rating
 

$256,770$313,830$285,300

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 -$1,053
Property Tax -$548
Property Insurance -$111
HOA -$50
Property Management Fees -$125
CASH FLOW
-$326

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$285,300

PROJECTED PRICE

$1,560

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 4.3%
Maintenance Year (1-5) 3.00%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,605

INVESTMENT

$77,605

Down Payment
$71,325
Rehab Estimate
$2,000
Closing Costs
$4,280

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,053

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,325
Loan Amount $213,975
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$72

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
  • $1.05

    LIST RENT PER SQFT
  • $1,558

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,560
1$1,5602$1,6253$1,6254$1,9005$1,950
$1,950
RENT COMPS ANALYSIS
  • 124 Flat Creek Court Georgetown, TX 1
    • 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $1.05
    •  
  • 717 Wildwood Drive Georgetown, TX 2
    • 3 beds 2 baths ∙ 1,541 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,541 Sqft ∙ Built 2005
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.05
    •  
  • 321 Wind Hollow Dr Georgetown, TX 3
    • 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 2006
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.99
    •  
  • 203 Village Park Drive Georgetown, TX 4
    • 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 2003
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.09
    •  
  • 806 Heritage Oaks Bnd Georgetown, TX 5
    • 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 2006
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.07
    •  
PROPERTY LISTING DETAILS
G. Michael Peccon
1.512.799.7684
Century Communities - Crotx
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 2064835
Last Updated: 11/20/2020
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