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129 Northview Lane Georgetown, TX 78628

4 Beds 2 Baths 2,206 sqft Built 2020

$354,648

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $160.77
  • 7 Days on Market
  • MLS # : 3766607
  • Updated Date : 10/30/2020 at 16:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,206 sqft
  • Baths : 2 full
Listing Agent

Austin Real Estate Experts

Listing Agent's Description

NEW CONSTRUCTION BY ASHTON WOODS HOMES! Available May 2021! The Sabine floor plan offers 4 bedrooms on one level and lots of room to spread out for personal space. Whether you require 4 bedrooms or simply need a room or two for a home office/home-schooling zone, this home can flex to meet your needs. Located on a corner near a cul-de-sac, this home site offers extra space and added brick on the sides of the home. Oversized master bath will add to the luxurious feel of our design collection and premium location!

SEE MORE

MARKET HIGHLIGHTS

  • 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

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
Bill Burden Elementary School Primary Regular 674 47 7
Liberty Hill Junior High School Middle Regular 501 34 8
Liberty Hill High School High Regular 1,015 63 6

Bill Burden Elementary School

  • Education Level: Primary
  • # of students: 674
  • # of teachers: 47
7
GreatSchools Rating

Liberty Hill Junior High School

  • Education Level: Middle
  • # of students: 501
  • # of teachers: 34
8
GreatSchools Rating

Liberty Hill High School

  • Education Level: High
  • # of students: 1,015
  • # of teachers: 63
6
GreatSchools Rating
 

$319,183$390,113$354,648

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,309
Property Tax -$716
Property Insurance -$151
HOA -$35
Property Management Fees -$158
CASH FLOW
-$398

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.

$354,648

PROJECTED PRICE

$1,970

PROJECTED RENT

0.56%

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) 3.00%
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

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$95,982

INVESTMENT

$95,982

Down Payment
$88,662
Rehab Estimate
$2,000
Closing Costs
$5,320

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,309

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $88,662
Loan Amount $265,986
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$123

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,985

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9703$1,9954$2,0955$2,095
$2,095
RENT COMPS ANALYSIS
  • 129 Northview Lane Georgetown, TX 2
    • 4 beds 2 baths ∙ 2,206 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,206 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.89
    •  
  • 113 Oakstone Drive Georgetown, TX 1
    • 4 beds 3 baths ∙ 2,265 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,265 Sqft ∙ Built 2019
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.86
    •  
  • 300 Gaida Loop Georgetown, TX 3
    • 4 beds 3 baths ∙ 2,265 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,265 Sqft ∙ Built 2020
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.88
    •  
  • 145 Winding Hollow Georgetown, TX 4
    • 4 beds 3 baths ∙ 2,239 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,239 Sqft ∙ Built 2019
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.94
    •  
  • 112 Winding Hollow Cove Georgetown, TX 5
    • 4 beds 3 baths ∙ 2,265 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,265 Sqft ∙ Built 2020
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.92
    •  
PROPERTY LISTING DETAILS
Kent Zarbock
1.512.422.0766
Austin Real Estate Experts
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 3766607
Last Updated: 10/30/2020
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