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222 Canis Street Georgetown, TX 78628

3 Beds 2 Baths 1,475 sqft Built 2018

$250,000

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $169.49
  • 2 Days on Market
  • MLS # : 7040780
  • Updated Date : 12/19/2020 at 21:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,475 sqft
  • Baths : 2 full
Listing Agent

Broadstone Realty, Llc

Listing Agent's Description

WOW - almost new, move in ready home in sought after Georgetown TX in the Morningstar neighborhood zoned to Liberty Hill ISD. Kitchen open to dining and living room with oversized 42 inch kitchen cabinets, granite countertops and center island for entertaining or additional breakfast area. Tile in entry, kithen and wet areas with carpet in living and bedrooms. Spacious covered front & back porch. Community amentities include pool, trails and dog area. New HEB currently scheduled to be built in 2021 at HWY 29 & Ronald Raegan, existing HEB is 8 miles away. Costco & Cedar Park Regional Medical Center is 11 miles.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

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.
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$922
Property Tax -$505
Property Insurance -$110
HOA -$30
Property Management Fees -$99
CASH FLOW
-$187

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

$1,480

PROJECTED RENT

0.59%

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) 8.00%
Vacancy 6.80%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,134

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,508

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,480
1$1,4802$1,5503$1,6004$1,695
$1,695
RENT COMPS ANALYSIS
  • 222 Canis Street Georgetown, TX 1
    • 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $1.00
    •  
  • 109 Kavanaugh Street Georgetown, TX 2
    • 3 beds 2 baths ∙ 1,562 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,562 Sqft ∙ Built 2017
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.99
    •  
  • 148 Mcfarland St Georgetown, TX 3
    • 4 beds 2 baths ∙ 1,543 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,543 Sqft ∙ Built 2019
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.04
    •  
  • 153 Carlina Loop Liberty Hill, TX 4
    • 4 beds 2 baths ∙ 1,661 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,661 Sqft ∙ Built 2017
    LEASED 09/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.02
    •  
PROPERTY LISTING DETAILS
Grant Dean
1.512.433.9624
Broadstone Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 7040780
Last Updated: 12/19/2020
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