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217 Grange Street Liberty Hill, TX 78642

3 Beds 3 Baths 1,913 sqft Built 2017

$299,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $156.30
  • 2 Days on Market
  • MLS # : 6408908
  • Updated Date : 01/30/2021 at 13:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,913 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams - Lake Travis

Listing Agent's Description

This is your chance to own a beautiful home in the heart of downtown Liberty Hill! Vacant and ready to move in, this charming two-story home, built in 2018, offers a spacious open floor plan perfect for casual entertaining! The island kitchen is equipped with gorgeous quartz countertops, custom cabinets and stainless steel appliances - all overlooking the dining and living area. The large master bedroom with a double-vanity bath and walk-in closet is a perfect retreat! There are also two well-sized secondary bedrooms with a full bath upstairs. Abundant natural light throughout, modern light fixtures, neutral paint colors and beautifully finished concrete floors, all bring the country-chic feel to Liberty Hill. Expand your space with an additional flex room upstairs, two-car attached garage and tons of storage space! Walk to Wetzel Water Park at the corner of Munro St and Hwy 332. Experience the Liberty Hill lifestyle in this unique community of brand new garden homes! Check out the video tour here: bit.ly/LibertyHillTX.

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: 78642

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $116k318k

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

Zip Code: 78642

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9371926

* 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
Bill Burden Elementary School Primary Regular 674 47 7
Liberty Hill Junior High School Middle Regular 501 34 8
Liberty Hill High School High Regular 1,015 63 6

Bill Burden Elementary School

  • Education Level: Primary
  • # of students: 674
  • # of teachers: 47
7
GreatSchools Rating

Liberty Hill Junior High School

  • Education Level: Middle
  • # of students: 501
  • # of teachers: 34
8
GreatSchools Rating

Liberty Hill High School

  • Education Level: High
  • # of students: 1,015
  • # of teachers: 63
6
GreatSchools Rating
 

$269,100$328,900$299,000

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,039
Property Tax -$584
Property Insurance -$135
HOA -$50
Property Management Fees -$99
CASH FLOW
$24

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.

$299,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 4.1%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$14,100

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,923

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8903$1,9304$1,9505$2,100
$2,100
RENT COMPS ANALYSIS
  • 217 Grange Street Liberty Hill, TX 3
    • 3 beds 3 baths ∙ 1,913 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,913 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $1.01
    •  
  • 215 Grange Street Liberty Hill, TX 1
    • 3 beds 3 baths ∙ 1,868 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,868 Sqft ∙ Built 2018
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.99
    •  
  • 201 Grange St Liberty Hill, TX 2
    • 3 beds 3 baths ∙ 1,825 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,825 Sqft ∙ Built 2018
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $1.04
    •  
  • 204 Munro Street Liberty Hill, TX 4
    • 3 beds 3 baths ∙ 1,989 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,989 Sqft ∙ Built 2017
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.98
    •  
  • 171 Salt Fork Dr Liberty Hill, TX 5
    • 3 beds 2 baths ∙ 2,073 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,073 Sqft ∙ Built 2016
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.01
    •  
PROPERTY LISTING DETAILS
Gene Arant
1.512.261.1000
Keller Williams - Lake Travis
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 6408908
Last Updated: 01/30/2021
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