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2105 Wooded Run Trail Georgetown, TX 78628

3 Beds 3 Baths 2,171 sqft Built 2020

$362,190

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $166.83
  • 5 Days on Market
  • MLS # : 7158112
  • Updated Date : 11/12/2020 at 16:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,171 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ctx Listings, Llc

Listing Agent's Description

Afton Elevation C 2171 Sq. Ft. 3 Bedrooms, 2.5 Bathrooms, Study, 1 Story, Super Shower, 2 Car Garage w/opener, Premier Design Package with White Cabinets, Silestone Kitchen Countertops, GE Stainless Steel Appliances, Full Sod, Full Irrigation System, Home Automation Package. Estimated January 2021 Completion.

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: 78628

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $136k410k

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

Zip Code: 78628

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9972157

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$325,971$398,409$362,190

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,336
Property Tax -$647
Property Insurance -$149
HOA -$25
Property Management Fees -$156
CASH FLOW
-$364

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$362,190

PROJECTED PRICE

$1,950

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 5.8%
Maintenance Year (1-5) 3.00%
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

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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,980

INVESTMENT

$97,980

Down Payment
$90,548
Rehab Estimate
$2,000
Closing Costs
$5,433

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,336

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $90,548
Loan Amount $271,643
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$438

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,068

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9953$2,0254$2,1005$2,100
$2,100
RENT COMPS ANALYSIS
  • 2105 Wooded Run Trail Georgetown, TX 1
    • 3 beds 3 baths ∙ 2,171 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,171 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.90
    •  
  • 2021 Wooded Run Trail Georgetown, TX 2
    • 3 beds 2 baths ∙ 2,108 Sqft ∙ Built 2019 3 beds 2 baths ∙ 2,108 Sqft ∙ Built 2019
    property image
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.95
    •  
  • 1425 Morning View Rd Georgetown, TX 3
    • 4 beds 3 baths ∙ 2,122 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,122 Sqft ∙ Built 2019
    property image
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,025
    • $0.95
    •  
  • 1333 Terrace View Georgetown, TX 4
    • 4 beds 3 baths ∙ 2,189 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,189 Sqft ∙ Built 2018
    property image
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.96
    •  
  • 2029 Wooded Run Trail Georgetown, TX 5
    • 3 beds 3 baths ∙ 2,209 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,209 Sqft ∙ Built 2019
    property image
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.95
    •  
PROPERTY LISTING DETAILS
Matthew Ikard
1.512.666.9661
Ctx Listings, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 7158112
Last Updated: 11/12/2020
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