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204 Old Peak Road Georgetown, TX 78626

3 Beds 2 Baths 1,312 sqft Built 2008

$230,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2008
  • Price/Sqft : $175.30
  • 5 Days on Market
  • MLS # : 6654514
  • Updated Date : 10/31/2020 at 13:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,312 sqft
  • Baths : 2 full
Listing Agent

Supreme 1 Realty

Listing Agent's Description

Beautiful stunner in Georgetown's Pinnacle! This home has been lovingly maintained by the original owner and is now ready for a new owner! The open floor concept is complimented by tile flooring throughout the home. Spacious rooms and open kitchen with plenty of counter and cabinet space. Enjoy your morning coffee on the covered porch. Pinnacle HOA amenities including park, pool and sport court just steps from the front door. Also, near by Round Rock outlets shopping center is only minutes away. THIS IS A MUST SEE!

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: 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
Carver Elementary School Primary Regular 429 29 3
George Wagner Middle School Middle Regular NA
East View High School High Regular 1,418 110 4

Carver Elementary School

  • Education Level: Primary
  • # of students: 429
  • # of teachers: 29
3
GreatSchools Rating

George Wagner Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

East View High School

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

$207,000$253,000$230,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$849
Property Tax -$451
Property Insurance -$101
HOA -$37
Property Management Fees -$112
CASH FLOW
-$149

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.

$230,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.61%

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$66,700

INVESTMENT

$66,700

Down Payment
$57,500
Rehab Estimate
$5,750
Closing Costs
$3,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$849

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,500
Loan Amount $172,500
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$1,598

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,397

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,5003$1,5454$1,5995$1,600
$1,600
RENT COMPS ANALYSIS
  • 204 Old Peak Road Georgetown, TX 1
    • 3 beds 2 baths ∙ 1,312 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,312 Sqft ∙ Built 2008
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.07
    •  
  • 213 Precipice Way Georgetown, TX 2
    • 3 beds 2 baths ∙ 1,405 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,405 Sqft ∙ Built 2007
    property image
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.07
    •  
  • 728 Pinnacle Dr Georgetown, TX 3
    • 3 beds 2 baths ∙ 1,466 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,466 Sqft ∙ Built 2016
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $1.05
    •  
  • 109 Mooncoin Dr Georgetown, TX 4
    • 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 2020
    property image
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $1.06
    •  
  • 1221 Grande Mesa Dr Georgetown, TX 5
    • 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 2009
    property image
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.08
    •  
PROPERTY LISTING DETAILS
Mashelle Adams
1.512.740.3037
Supreme 1 Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 6654514
Last Updated: 10/31/2020
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