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228 Constitution St 
Liberty Hill, TX
78642
3 Beds 3 Baths 1,414 sqft
Built 2020
INVESTimate
$243,900
List Price
$66,634
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PROPERTY INFO
FACTS
- Built In 2020
- Price/Sqft : $172.49
- 2 Days on Market
- MLS # : 5515892
- Updated Date : 08/25/2020 at 12:57
CONSTRUCTION
- Beds : 3
- Floor Size : 1,414 sqft
- Baths : 2 full , 1 half
Listing Agent
Lgi Homes
Listing Agent's Description
The Carson plan is a beautiful, two-story home located in the community of Liberty Parke. This home has 3 bedrooms, 2.5 baths and an attached 2-car garage. Inside, you will find thousands of dollars in upgrades including stainless-steel appliances, stunning wood cabinets with crown molding, sparkling granite countertops, and a WiFi-enabled garage door opener. On the outside, the Carson has incredible curb appeal with a luxurious brick and stone exterior, covered entryway and front yard landscaping.
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 78642
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,540 |
| EXPENSES | Loan Payment | -$900 |
| Property Tax | -$476 | |
| Property Insurance | -$107 | |
| HOA | -$50 | |
| Property Management Fees | -$123 | |
|
CASH FLOW
-$116
|
||
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.
$243,900
PROJECTED PRICE
$1,540
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 4.05% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.72% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$66,634
LOAN DETAILS
$900
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $60,975 |
| Loan Amount | $182,925 |
1.67
YEARS SAVED
$3,217
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,540
LIST RENT -
$1.09
LIST RENT PER SQFT
-
$1,538
COMP ESTIMATED VALUE -
$1.09
COMP AVG. RENT PER SQFT
Comps Range
-
228 Constitution St Liberty Hill, 2
- 3 beds 3 baths ∙ 1,414 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,414 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $1,540
- $1.09
-
124 Continental Ave Liberty Hill, 1
- 3 beds 2 baths ∙ 1,305 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,305 Sqft ∙ Built 2017
LEASED 12/23/19- Rent
- Rent Per SQFT
- $1,450
- $1.11
-
632 Independence Ave Liberty Hill, 3
- 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 2019
LEASED 10/22/19- Rent
- Rent Per SQFT
- $1,595
- $1.04
-
121 Presidential Path Liberty Hill, 4
- 3 beds 2 baths ∙ 1,543 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,543 Sqft ∙ Built 2019
LEASED 08/17/20- Rent
- Rent Per SQFT
- $1,675
- $1.09
-
413 Independence Ave Liberty Hill, 5
- 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 2020
LEASED 04/13/20- Rent
- Rent Per SQFT
- $1,695
- $1.11
PROPERTY LISTING DETAILS
1.800.846.3085
Lgi Homes
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 5515892
Last Updated: 08/25/2020
