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PROPERTY INFO
FACTS
- Single Family
- Built In 2013
- Price/Sqft : $151.68
- 3 Days on Market
- MLS # : 8948039
- Updated Date : 12/05/2020 at 19:23
CONSTRUCTION
- Beds : 4
- Floor Size : 2,109 sqft
- Baths : 2 full , 1 half
Listing Agent
Exp Realty Llc
Listing Agent's Description
Charming four bedroom, two and one half bathroom home with an open floor plan and high ceilings showcasing a stone accent wall in the living/kitchen area. The home also features a secluded study/office with glass french doors, a gourmet kitchen with a gas cooktop, stainless steel appliances and a large master suite with an ensuite bathroom that has a separate shower and garden tub. This home is complete with mature trees, a large outdoor covered patio with a beautiful fireplace that is perfect for entertaining. Located across the street from the park and down the street from the elementary school, this wonderful location make this property ideal for buyers.
SEE MORE
- 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)
- #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)
PRICE & RENT TRENDS
Neighborhood: Georgetown Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Georgetown Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,960 |
| EXPENSES | Loan Payment | -$1,180 |
| Property Tax | -$627 | |
| Property Insurance | -$146 | |
| HOA | -$8 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$101
|
||
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.
$319,900
PROJECTED PRICE
$1,960
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.79% |
| Appreciation Year (1-5) | 3.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.80% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$90,524
LOAN DETAILS
$1,180
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $79,975 |
| Loan Amount | $239,925 |
3.17
YEARS SAVED
$9,763
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,960
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,914
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
1304 Rowan Drive Georgetown, TX 5
- 4 beds 3 baths ∙ 2,109 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,109 Sqft ∙ Built 2013
![property image]()
- Rent
- Rent Per SQFT
- $1,960
- $0.93
-
411 Tascate Street Georgetown, TX 1
- 3 beds 2 baths ∙ 1,977 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,977 Sqft ∙ Built 2010
![property image]()
LEASED 03/15/20- Rent
- Rent Per SQFT
- $1,745
- $0.88
-
231 Tascate Street Georgetown, TX 2
- 3 beds 2 baths ∙ 2,025 Sqft ∙ Built 2013 3 beds 2 baths ∙ 2,025 Sqft ∙ Built 2013
![property image]()
LEASED 08/21/20- Rent
- Rent Per SQFT
- $1,850
- $0.91
-
126 Hickory Lane Georgetown, TX 3
- 3 beds 3 baths ∙ 2,163 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,163 Sqft ∙ Built 1999
![property image]()
LEASED 09/18/20- Rent
- Rent Per SQFT
- $1,900
- $0.88
-
1003 Elmwood Drive Georgetown, TX 4
- 4 beds 2 baths ∙ 2,027 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,027 Sqft ∙ Built 2006
![property image]()
LEASED 08/05/20- Rent
- Rent Per SQFT
- $1,950
- $0.96
PROPERTY LISTING DETAILS
1.210.867.3186
Exp Realty Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 8948039
Last Updated: 12/05/2020
