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137 Star Spangled Drive Liberty Hill, TX 78642

3 Beds 3 Baths 1,414 sqft Built 2020

$249,900

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $176.73
  • 4 Days on Market
  • MLS # : 9314492
  • Updated Date : 11/05/2020 at 20:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,414 sqft
  • Baths : 2 full , 1 half
Listing Agent

Lgi Homes

Listing Agent's Description

The Carson plan is a beautiful, two-story home located in the community of Liberty Parke. This home has 3 bedrooms, 2.5 baths and an attached 2-car garage. Inside, you will find thousands of dollars in upgrades including stainless-steel appliances, stunning wood cabinets with crown molding, sparkling granite countertops, and a WiFi-enabled garage door opener. On the outside, the Carson has incredible curb appeal with a luxurious brick and stone exterior, covered entryway and front yard landscaping.

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: 78642

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $116k318k

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

Zip Code: 78642

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9371926

* 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
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$922
Property Tax -$488
Property Insurance -$107
HOA -$50
Property Management Fees -$125
CASH FLOW
-$132

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.

$249,900

PROJECTED PRICE

$1,560

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 4.1%
Maintenance Year (1-5) 3.00%
Vacancy 6.72%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,224

INVESTMENT

$68,224

Down Payment
$62,475
Rehab Estimate
$2,000
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$2,805

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,562

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5603$1,6754$1,6955$1,725
$1,725
RENT COMPS ANALYSIS
  • 137 Star Spangled Drive Liberty Hill, TX 2
    • 3 beds 3 baths ∙ 1,414 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,414 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $1.10
    •  
  • 124 Continental Ave Liberty Hill, TX 1
    • 3 beds 2 baths ∙ 1,305 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,305 Sqft ∙ Built 2017
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.11
    •  
  • 121 Presidential Path Liberty Hill, TX 3
    • 3 beds 2 baths ∙ 1,543 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,543 Sqft ∙ Built 2019
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.09
    •  
  • 413 Independence Ave Liberty Hill, TX 4
    • 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 2020
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.11
    •  
  • 128 Presidential Path Liberty Hill, TX 5
    • 3 beds 2 baths ∙ 1,561 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,561 Sqft ∙ Built 2019
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $1.11
    •  
PROPERTY LISTING DETAILS
Mona Hill
1.800.846.3085
Lgi Homes
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 9314492
Last Updated: 11/05/2020
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