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127 Greens Creek Cove Cedar Creek, TX 78612

4 Beds 3 Baths 2,084 sqft Built 2003

$275,000

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $131.96
  • 4 Days on Market
  • MLS # : 8764281
  • Updated Date : 11/27/2020 at 16:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,084 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max First Shot

Listing Agent's Description

Great family living floor plan all on a 1 acre. Drive the quaint neighborhood of Martins Meadow enjoy the peace & quiet of the country.Find a friendly community with large open streets and homes on one acre or more. Community park for the children in a small subdivision atmosphere. Be close to Austin or Bastrop for your commute. Home has downstairs primary with spacious bath a separate shower & garden tub with a large walk in closet. Two nice size bedrooms upstairs w/walk in closets and one bonus room that could be a 4th bedroom. The lofty ceilings give off incredible light to the home. Entertain in one of the two dining areas ready for your small or large friendly gatherings. 1/2 bath downstairs for convenience of your guests. Gas wood burning fireplace to warm your winter nights. Recently painted and new carpet make the home move in ready. Outdoor is a fully fenced yard with two sets of double gates. Backyard has a large dog shelter and run. Come see your new 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

Neighborhood: Martin's Meadow

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $106k298k

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

Neighborhood: Martin's Meadow

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7741723

* 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
Bluebonnet Elementary School Primary Regular 811 47 4
Cedar Creek Middle School Middle Regular 767 50 4
Cedar Creek High School High Regular 1,424 101 4

Bluebonnet Elementary School

  • Education Level: Primary
  • # of students: 811
  • # of teachers: 47
4
GreatSchools Rating

Cedar Creek Middle School

  • Education Level: Middle
  • # of students: 767
  • # of teachers: 50
4
GreatSchools Rating

Cedar Creek High School

  • Education Level: High
  • # of students: 1,424
  • # of teachers: 101
4
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,015
Property Tax -$468
Property Insurance -$144
HOA -$9
Property Management Fees -$150
CASH FLOW
$94

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$275,000

PROJECTED PRICE

$1,880

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 7.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.13%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$24,389

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,084

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,880
$1,880
RENT COMPS ANALYSIS
  • 127 Greens Creek Cove Cedar Creek, TX 2
    • 4 beds 3 baths ∙ 2,084 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,084 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.90
    •  
  • 288 Leisure Lane Cedar Creek, TX 1
    • 4 beds 2 baths ∙ 1,856 Sqft ∙ Built 1989 4 beds 2 baths ∙ 1,856 Sqft ∙ Built 1989
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.00
    •  
PROPERTY LISTING DETAILS
Dee Rodgers
1.830.263.1555
Re/max First Shot
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 8764281
Last Updated: 11/27/2020
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