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175 Brentwood Drive Georgetown, TX 78628

4 Beds 3 Baths 2,666 sqft Built 1999

$366,500

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $137.47
  • 4 Days on Market
  • MLS # : 6417431
  • Updated Date : 12/04/2020 at 15:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,666 sqft
  • Baths : 2 full , 1 half
Listing Agent

Orchard Brokerage

Listing Agent's Description

Click the Virtual Tour link to view the 3D Matterport walkthrough. Click the Virtual Tour link to view the 3D Matterport walkthrough. This expansive two-story residence sits on a large lot and features new hardwood floors, a spacious living room with double-height ceilings, double-door entry into the beautiful formal dining room, kitchen, breakfast nook, and the Master Suite on the main level. Illuminated by natural light and conveying 2inch wood blinds, the floorplan allows for ease of entertaining downstairs while more privacy is maintained on the upper level where all secondary bedrooms and a generously sized loft can be found - perfect for a media or game room. The final outstanding feature is the gorgeous backyard, expansive green is adjacent to the patio and extended xeriscape where dining al fresco under mature trees perfectly suits any summer night. HVAC and roof have been repaired as maintenance within the past 5 years. Water softeners have been replaced and the garage has built-ins.

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MARKET HIGHLIGHTS

  • 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: Woods at Berry Creek

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $136k410k

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

Neighborhood: Woods at Berry Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9972559

* 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
Raye Mccoy Elementary School Primary Regular 558 38 6
Charles A. Forbes Middle School Middle Regular 735 46 3
Georgetown High School High Regular 1,822 121 5

Raye Mccoy Elementary School

  • Education Level: Primary
  • # of students: 558
  • # of teachers: 38
6
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
 

$329,850$403,150$366,500

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,352
Property Tax -$719
Property Insurance -$177
HOA -$150
Property Management Fees -$99
CASH FLOW
-$357

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.

$366,500

PROJECTED PRICE

$2,140

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 7.9%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,873

INVESTMENT

$102,873

Down Payment
$91,625
Rehab Estimate
$5,750
Closing Costs
$5,498

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,352

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,625
Loan Amount $274,875
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$829

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,133

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,0953$2,1404$2,1505$2,400
$2,400
RENT COMPS ANALYSIS
  • 175 Brentwood Drive Georgetown, TX 3
    • 4 beds 3 baths ∙ 2,666 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,666 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $0.80
    •  
  • 30007 Oakland Hills Drive Georgetown, TX 1
    • 4 beds 3 baths ∙ 2,336 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,336 Sqft ∙ Built 1994
    LEASED 07/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.81
    •  
  • 30220 Oak Tree Drive Georgetown, TX 2
    • 4 beds 3 baths ∙ 2,758 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,758 Sqft ∙ Built 1992
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.76
    •  
  • 30502 La Quinta Drive Georgetown, TX 4
    • 4 beds 3 baths ∙ 2,779 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,779 Sqft ∙ Built 1993
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.77
    •  
  • 425 Champions Dr Georgetown, TX 5
    • 4 beds 3 baths ∙ 2,795 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,795 Sqft ∙ Built 1998
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.86
    •  
PROPERTY LISTING DETAILS
Alexandra Spruce
1.469.262.5761
Orchard Brokerage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 6417431
Last Updated: 12/04/2020
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