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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $177.20
- 6 Days on Market
- MLS # : 9878127
- Updated Date : 11/24/2020 at 23:48
CONSTRUCTION
- Beds : 4
- Floor Size : 2,189 sqft
- Baths : 3 full , 1 half
Listing Agent
Perry Development Management
Listing Agent's Description
Perry Homes New Construction! Two-story entry leads to open dining area, kitchen and family room. Kitchen features corner walk-in pantry and generous island with built-in seating space. Family room features wall of windows. Primary suite includes bedroom with 10-foot ceiling. Dual vanities, separate glass-enclosed shower and walk-in closet in primary bath. All bedrooms are downstairs. Upstairs features a game room and unfinished storage space. Large windows add to this three-bedroom home. Covered backyard patio. Mud room off two-car garage.
SEE MORE
- 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)
- #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.
PRICE & RENT TRENDS
Neighborhood: Santa Rita Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Santa Rita Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,230 |
| EXPENSES | Loan Payment | -$1,431 |
| Property Tax | -$758 | |
| Property Insurance | -$150 | |
| HOA | -$55 | |
| Property Management Fees | -$178 | |
|
CASH FLOW
-$343
|
||
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.
$387,900
PROJECTED PRICE
$2,230
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.79% |
| Appreciation Year (1-5) | 4.1% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.80% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$104,794
LOAN DETAILS
$1,431
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $96,975 |
| Loan Amount | $290,925 |
0.58
YEARS SAVED
$916
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,230
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$2,205
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
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232 Rosebush Drive Liberty Hill, TX 2
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120 Magdalene Way Liberty Hill, TX 1
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LEASED 06/19/20- Rent
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- $2,100
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205 Rosebush Drive Liberty Hill, TX 3
- 3 beds 3 baths ∙ 2,360 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,360 Sqft ∙ Built 2020
LEASED 10/16/20- Rent
- Rent Per SQFT
- $2,295
- $0.97
-
236 Glen Arbor Drive Liberty Hill, TX 4
- 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 2020
LEASED 11/07/20- Rent
- Rent Per SQFT
- $2,315
- $1.04
-
132 Krupp Avenue Liberty Hill, TX 5
- 4 beds 3 baths ∙ 2,388 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,388 Sqft ∙ Built 2018
LEASED 11/20/20- Rent
- Rent Per SQFT
- $2,450
- $1.03
PROPERTY LISTING DETAILS
1.800.247.3779
Perry Development Management
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 9878127
Last Updated: 11/24/2020
