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320 Hills Of Texas Trail Georgetown, TX 78633

2 Beds 2 Baths 1,765 sqft Built 2002

$349,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $197.73
  • 5 Days on Market
  • MLS # : 7434978
  • Updated Date : 03/19/2021 at 16:15
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,765 sqft
  • Baths : 2 full
Listing Agent

Era Colonial Real Estate

Listing Agent's Description

Beautiful Magnolia model situated in the center of Sun City Texas within walking distance to the Legacy Community center! This 2 bedroom, 2 bath with study also has a hobby room for your favorite crafts. This home offers an open floor plan with 18 X 18 tile in kitchen, office and bathrooms, lovely engineered wood in living room and bedrooms with the exception of the master bedroom that has fresh carpet that was replaced in 2019., Kitchen is open to family room and includes custom cabinets, corian counters with tile backsplash. Secluded backyard with a mezzanine of knockout roses. This is a MUST SEE! NEW ROOF 2021

SEE MORE

MARKET HIGHLIGHTS

  • 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: 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
Jo Ann Ford Elementary School Primary Regular 552 32 8
Douglas Benold Middle School Middle Regular 825 53 5
Georgetown High School High Regular 1,822 121 5

Jo Ann Ford Elementary School

  • Education Level: Primary
  • # of students: 552
  • # of teachers: 32
8
GreatSchools Rating

Douglas Benold Middle School

  • Education Level: Middle
  • # of students: 825
  • # of teachers: 53
5
GreatSchools Rating

Georgetown High School

  • Education Level: High
  • # of students: 1,822
  • # of teachers: 121
5
GreatSchools Rating
 

$314,100$383,900$349,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,212
Property Tax -$684
Property Insurance -$126
HOA -$102
Property Management Fees -$99
CASH FLOW
-$314

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.

$349,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.55%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,235

INVESTMENT

$98,235

Down Payment
$87,250
Rehab Estimate
$5,750
Closing Costs
$5,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,212

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,250
Loan Amount $261,750
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$784

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,906

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8503$1,8654$1,9105$2,100
$2,100
RENT COMPS ANALYSIS
  • 320 Hills Of Texas Trail Georgetown, TX 4
    • 2 beds 2 baths ∙ 1,765 Sqft ∙ Built 2002 2 beds 2 baths ∙ 1,765 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $1.08
    •  
  • 114 Elderberry Street Georgetown, TX 1
    • 2 beds 2 baths ∙ 1,692 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,692 Sqft ∙ Built 1997
    LEASED 12/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.09
    •  
  • 103 Peach Blossom Circle Georgetown, TX 2
    • 2 beds 2 baths ∙ 1,730 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,730 Sqft ∙ Built 1997
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.07
    •  
  • 110 Old Chisholm Trail Georgetown, TX 3
    • 2 beds 2 baths ∙ 1,763 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,763 Sqft ∙ Built 1995
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,865
    • $1.06
    •  
  • 205 Whispering Wind Drive Georgetown, TX 5
    • 2 beds 2 baths ∙ 1,915 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,915 Sqft ∙ Built 1996
    LEASED 03/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.10
    •  
PROPERTY LISTING DETAILS
Joy Pearson
Era Colonial Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 7434978
Last Updated: 03/19/2021
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