Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

129 Kyndals Meadow Cove Georgetown, TX 78628

3 Beds 3 Baths 2,365 sqft Built 2019

$385,000

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $162.79
  • 3 Days on Market
  • MLS # : 1930351
  • Updated Date : 02/06/2021 at 20:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,365 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Texas Llc

Listing Agent's Description

Rare opportunity in Oakmont near Lake Georgetown. From the owners suite, the tip of a nearby chapel is just visible cresting above the trees in the wooded green behind. This beautiful 2019 modern home is loaded with upgrades, boasts an abundance of natural light from every angle, neutral grey tones, and new home feel. Gourmet kitchen with white subway title, upgraded stainless steel appliances, and silestone countertops in giallo pearl, that opens to great room. Large owner’s suite with gorgeous master spa, and walk in-closet. Finishing touches include crown molding, tile flooring in great room, kitchen, entry & bath. Shaw carpeting in bedrooms, ceiling fans, sprinkler system, Wi-Fi smart thermostat, extended covered patio, water softener/filter, walking distance to Cedar Breaks Park at Lake Georgetown with boating, fishing, camping, outdoor sports field, and even swimming at blue hole park. Property abuts protected HOA property. Hurry, this amazing opportunity will not last long.

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: 78628

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $136k410k

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

Zip Code: 78628

ZipNIR 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
Village Elementary School Primary Regular 370 29 7
Charles A. Forbes Middle School Middle Regular 735 46 3
Georgetown High School High Regular 1,822 121 5

Village Elementary School

  • Education Level: Primary
  • # of students: 370
  • # of teachers: 29
7
GreatSchools Rating

Charles A. Forbes Middle School

  • Education Level: Middle
  • # of students: 735
  • # of teachers: 46
3
GreatSchools Rating

Georgetown High School

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

$346,500$423,500$385,000

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$1,337
Property Tax -$755
Property Insurance -$160
HOA -$54
Property Management Fees -$99
CASH FLOW
-$215

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.

$385,000

PROJECTED PRICE

$2,190

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 5.8%
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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$3,953

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,190

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,199

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,190
1$2,1902$2,2503$2,3004$2,450
$2,450
RENT COMPS ANALYSIS
  • 129 Kyndals Meadow Cove Georgetown, TX 1
    • 3 beds 3 baths ∙ 2,365 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,365 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $0.93
    •  
  • 109 Spanish Oak Drive Georgetown, TX 2
    • 3 beds 2 baths ∙ 2,680 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,680 Sqft ∙ Built 1980
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.84
    •  
  • 4103 Verde Vista Georgetown, TX 3
    • 4 beds 3 baths ∙ 2,487 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,487 Sqft ∙ Built 1982
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.92
    •  
  • 128 River Rd Georgetown, TX 4
    • 3 beds 3 baths ∙ 2,500 Sqft ∙ Built 1980 3 beds 3 baths ∙ 2,500 Sqft ∙ Built 1980
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.98
    •  
PROPERTY LISTING DETAILS
Jack Stapleton
Realty Texas Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 1930351
Last Updated: 02/06/2021
BESbswy