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1606 E 19th Street Georgetown, TX 78626

3 Beds 2 Baths 1,174 sqft Built 2004

$250,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $212.95
  • 3 Days on Market
  • MLS # : 9394040
  • Updated Date : 03/20/2021 at 00:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,174 sqft
  • Baths : 2 full
Listing Agent

Real Broker, Llc

Listing Agent's Description

Available now in Old Georgetown! Home has 3 bedrooms, 2 baths & an open floorplan. Enjoy the covered front porch on a quiet street. Recent wood flooring, paint and a new gas stove in the kitchen. You'll love the bay window in the breakfast area. Close access to downtown Georgetown and Southwestern University. Walk to restaurants and shopping. Georgetown ISD school. Hurry and check out this adorable old town property!

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: 78626

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300kPrice in $120k315k

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

Zip Code: 78626

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8441816

* 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
Williams Elementary School Primary Regular 369 28 NA
James Tippit Middle School Middle Regular 840 54 3
East View High School High Regular 1,418 110 4

Williams Elementary School

  • Education Level: Primary
  • # of students: 369
  • # of teachers: 28
NA
GreatSchools Rating

James Tippit Middle School

  • Education Level: Middle
  • # of students: 840
  • # of teachers: 54
3
GreatSchools Rating

East View High School

  • Education Level: High
  • # of students: 1,418
  • # of teachers: 110
4
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$868
Property Tax -$490
Property Insurance -$93
Property Management Fees -$99
CASH FLOW
-$171

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.

$250,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
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$700k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,001

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $1.18

    LIST RENT PER SQFT
  • $1,303

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,175
1$1,1752$1,1753$1,3804$1,4505$1,495
$1,495
RENT COMPS ANALYSIS
  • 1606 E 19th Street Georgetown, TX 3
    • 3 beds 2 baths ∙ 1,174 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,174 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $1.18
    •  
  • 2206 Smith Branch Georgetown, TX 1
    • 3 beds 2 baths ∙ 1,063 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,063 Sqft ∙ Built 1996
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $1.11
    •  
  • 2212 Smith Branch Blvd Georgetown, TX 2
    • 3 beds 2 baths ∙ 1,063 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,063 Sqft ∙ Built 1996
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $1.11
    •  
  • 2214 Rifle Bend Drive Georgetown, TX 4
    • 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1982
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.12
    •  
  • 1411 Bergin Court #b Georgetown, TX 5
    • 3 beds 3 baths ∙ 1,363 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,363 Sqft ∙ Built 2012
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.10
    •  
PROPERTY LISTING DETAILS
Ryan Ferguson
Real Broker, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 9394040
Last Updated: 03/20/2021
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