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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $162.44
- 4 Days on Market
- MLS # : 9582698
- Updated Date : 03/19/2021 at 17:29
CONSTRUCTION
- Beds : 3
- Floor Size : 1,539 sqft
- Baths : 2 full
Listing Agent
Waterloo Realty, Llc
Listing Agent's Description
Owner occupied, please text agent for an appointment. Showings starting Friday at 2:30 through Sunday at 6:00 pm. There is a cat in the garage please do not let the cat out of the garage. Well maintained home in Georgetown with new floors in 2020. Built in book cases in the living area, and a lovely covered patio. This three bedroom 2 bath home is perfect for a family and is ready for someone to make it their home. All appliances convey, including refrigerator and washer and dryer. Pressure washing concrete and rock surfaces and window cleaning March 2021. Fence and gates repaired 2021. New garage door opener 2020. Clear Choice Roofing - Roof Replacement, New Roof Vents, New Gutter NW side of house June 2018. Georgetown Air Conditioning and Heating - HVAC maintenance September and December 2018, 2019, 2020. CertaPro Painters - Interior Paint Living Room December 2018; Kitchen Cabinets 2014: Exterior Paint 2015. Water Softener replaced in 2019. It would be appreciated if you send offers in 1 PDF when submitting and add the terms in the main body of the email. Best and Final by Monday March 22, 2021 at noon.
SEE MORE
- 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
Neighborhood: Katy Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Katy Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,520 |
| EXPENSES | Loan Payment | -$868 |
| Property Tax | -$490 | |
| Property Insurance | -$114 | |
| HOA | -$17 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$68
|
||
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
$1,520
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 6.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.72% |
| 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
$72,000
LOAN DETAILS
$868
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $62,500 |
| Loan Amount | $187,500 |
3.17
YEARS SAVED
$6,387
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,520
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$1,543
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
199 Tanner Circle Georgetown, TX 1
- 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $1,520
- $0.99
-
108 Prairie Springs Cove Georgetown, TX 2
- 3 beds 3 baths ∙ 1,660 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,660 Sqft ∙ Built 2001
LEASED 10/21/20- Rent
- Rent Per SQFT
- $1,650
- $0.99
-
109 Tanner Circle Georgetown, TX 3
- 3 beds 3 baths ∙ 1,739 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,739 Sqft ∙ Built 2000
LEASED 05/28/20- Rent
- Rent Per SQFT
- $1,650
- $0.95
-
154 Meadowlark Circle Georgetown, TX 4
- 3 beds 3 baths ∙ 1,627 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,627 Sqft ∙ Built 2002
LEASED 11/16/20- Rent
- Rent Per SQFT
- $1,675
- $1.03
-
147 Tanner Circle Georgetown, TX 5
- 4 beds 2 baths ∙ 1,640 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,640 Sqft ∙ Built 1999
LEASED 12/04/20- Rent
- Rent Per SQFT
- $1,700
- $1.04
PROPERTY LISTING DETAILS
Waterloo Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 9582698
Last Updated: 03/19/2021
