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314 Crockett Loop Georgetown, TX 78633

3 Beds 2 Baths 1,597 sqft Built 2004

$279,999

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $175.33
  • 2 Days on Market
  • MLS # : 4738403
  • Updated Date : 01/16/2021 at 16:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,597 sqft
  • Baths : 2 full
Listing Agent

Realty Austin

Listing Agent's Description

Don't Miss Your Opportunity to Make this Sun City Single-Story Your Home! Nestled in a quiet & friendly +55 community, enjoy the screened-in patio that backs to a greenbelt & is perfect for outdoor dining & lounging all year round. Its fantastic open floorplan is bright & welcoming as it boasts a spacious living room with tile floors, crown molding throughout, & a light-filled kitchen that overlooks the living room & offers ample storage & counter space, recessed lighting, & a SS dual sink. With a beautiful wall of windows, recharge in your primary suite that provides it all - a large walk-in closet & an ensuite bath that features a double vanity & a walk-in shower with a built-in seat. The home is complete with two secondary bedrooms, a 2nd full bathroom, a 2019 roof, and a two-car garage with plenty of storage. Amazing community amenities with multiple pools, fitness center, access to the golf course, and so much more!

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

Neighborhood: Sun City

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $136k410k

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

Neighborhood: Sun City

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9972157

* 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
Jarrell Middle School Primary Regular 271 21 3
Jarrell Middle School Middle Regular 271 21 3
Jarrell High School High Regular 332 30 5

Jarrell Middle School

  • Education Level: Primary
  • # of students: 271
  • # of teachers: 21
3
GreatSchools Rating

Jarrell Middle School

  • Education Level: Middle
  • # of students: 271
  • # of teachers: 21
3
GreatSchools Rating

Jarrell High School

  • Education Level: High
  • # of students: 332
  • # of teachers: 30
5
GreatSchools Rating
 

$251,999$307,999$279,999

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$973
Property Tax -$549
Property Insurance -$117
HOA -$100
Property Management Fees -$99
CASH FLOW
-$188

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.

$279,999

PROJECTED PRICE

$1,650

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 5.2%
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$800k

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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$973

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,000
Loan Amount $209,999
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$1,876

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,685

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6503$1,6754$1,7505$1,850
$1,850
RENT COMPS ANALYSIS
  • 314 Crockett Loop Georgetown, TX 2
    • 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.03
    •  
  • 106 Hummingbird Cove Georgetown, TX 1
    • 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2005
    LEASED 10/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.03
    •  
  • 104 Winter Drive Georgetown, TX 3
    • 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2005
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.05
    •  
  • 100 Sunbird Court Georgetown, TX 4
    • 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2005
    LEASED 12/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.10
    •  
  • 118 Ranier Lane Georgetown, TX 5
    • 3 beds 2 baths ∙ 1,773 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,773 Sqft ∙ Built 2003
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.04
    •  
PROPERTY LISTING DETAILS
Marcia Kim
1.512.576.4998
Realty Austin
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 4738403
Last Updated: 01/16/2021
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