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1800 Cliffbrake Way Georgetown, TX 78626

3 Beds 2 Baths 1,446 sqft Built 2018

$258,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 06, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $178.42
  • 2 Days on Market
  • MLS # : 5730778
  • Updated Date : 12/06/2020 at 01:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,446 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty-gt

Listing Agent's Description

Charming Craftsmen-design. Wood-look laminate floors, kitchen with white cabinets, white quartz counters, stainless appliances, pantry, under-mount sink and stylish cloud-subway tile. Open plan with pop-up tray ceiling in living and recessed lighting throughout. Faux wood blinds, indoor laundry room and coat closet. Large master suite with walk-in closet and en-suite with oversized shower. Large, fenced backyard with covered patio. The house has been gently lived in, well maintained and move-in ready. Easy access to Toll 130, Innerloop or Highway 29. Minutes to Southwestern University or the historic Georgetown Square. Low Tax Rate and HOA fee.

SEE MORE

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

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
James E. Mitchell Elementary School Primary Regular 739 47 2
Charles A. Forbes Middle School Middle Regular 735 46 3
East View High School High Regular 1,418 110 4

James E. Mitchell Elementary School

  • Education Level: Primary
  • # of students: 739
  • # of teachers: 47
2
GreatSchools Rating

Charles A. Forbes Middle School

  • Education Level: Middle
  • # of students: 735
  • # of teachers: 46
3
GreatSchools Rating

East View High School

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

$232,200$283,800$258,000

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$952
Property Tax -$506
Property Insurance -$109
HOA -$25
Property Management Fees -$99
CASH FLOW
-$250

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.

$258,000

PROJECTED PRICE

$1,440

PROJECTED RENT

0.56%

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$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,120

INVESTMENT

$74,120

Down Payment
$64,500
Rehab Estimate
$5,750
Closing Costs
$3,870

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$952

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,500
Loan Amount $193,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$848

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,540

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,440
1$1,4402$1,5353$1,5454$1,5505$1,595
$1,595
RENT COMPS ANALYSIS
  • 1800 Cliffbrake Way Georgetown, TX 1
    • 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $1.00
    •  
  • 1013 Cliffbrake Way Georgetown, TX 2
    • 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 2020
    property image
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,535
    • $1.02
    •  
  • 1528 Cliffbrake Way Georgetown, TX 3
    • 3 beds 2 baths ∙ 1,417 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,417 Sqft ∙ Built 2019
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $1.09
    •  
  • 604 Coffee Berry Drive Georgetown, TX 4
    • 3 beds 2 baths ∙ 1,427 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,427 Sqft ∙ Built 2018
    property image
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.09
    •  
  • 520 Staton Street Georgetown, TX 5
    • 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 2018
    property image
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.06
    •  
PROPERTY LISTING DETAILS
Kari Christ
1.512.784.8181
Keller Williams Realty-gt
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 5730778
Last Updated: 12/06/2020
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