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126 Scissortail Trail Georgetown, TX 78633

2 Beds 2 Baths 1,864 sqft Built 1998

$274,000

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $147.00
  • 9 Days on Market
  • MLS # : 3970843
  • Updated Date : 12/15/2020 at 21:31
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,864 sqft
  • Baths : 2 full
Listing Agent

Stacy Group Llc

Listing Agent's Description

This classic Del Webb built San Jacinto floorplan needs a little updating but has strong bones. Paint and flooring will go a long way and then you will enjoy your morning coffee on the screened in patio. Outside features a private backyard, an extended garage with storage shelves, and mature landscaping. Inside features a huge master bedroom, nice built-ins in master closet, fireplace in family room, and the kitchen has granite transformation (overlay). The important things are done - A/C Aug. 2017, Hot Water Heater 2014, Roof 2020...Come make this home yours and design it the way you would want it.

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
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
 

$246,600$301,400$274,000

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,011
Property Tax -$537
Property Insurance -$132
HOA -$102
Property Management Fees -$99
CASH FLOW
$9

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.

$274,000

PROJECTED PRICE

$1,890

PROJECTED RENT

0.69%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$78,360

INVESTMENT

$78,360

Down Payment
$68,500
Rehab Estimate
$5,750
Closing Costs
$4,110

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,011

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,500
Loan Amount $205,500
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$14,381

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,929

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7503$1,8004$1,8655$1,890
$1,890
RENT COMPS ANALYSIS
  • 126 Scissortail Trail Georgetown, TX 5
    • 2 beds 2 baths ∙ 1,864 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,864 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $1.01
    •  
  • 110 Yellow Rose Trl Georgetown, TX 1
    • 2 beds 2 baths ∙ 1,591 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,591 Sqft ∙ Built 1997
    property image
    LEASED 06/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.07
    •  
  • 111 Ne Purple Sage Dr Nw Georgetown, TX 2
    • 2 beds 2 baths ∙ 1,654 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,654 Sqft ∙ Built 2000
    property image
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.06
    •  
  • 102 Sandpiper Cove Georgetown, TX 3
    • 2 beds 2 baths ∙ 1,895 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,895 Sqft ∙ Built 1998
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.95
    •  
  • 110 Old Chisholm Trail Georgetown, TX 4
    • 2 beds 2 baths ∙ 1,763 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,763 Sqft ∙ Built 1995
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,865
    • $1.06
    •  
PROPERTY LISTING DETAILS
Keri Gann
1.512.775.3067
Stacy Group Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 3970843
Last Updated: 12/15/2020
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