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327 Avendita Lane Liberty Hill, TX 78642

4 Beds 4 Baths 2,797 sqft Built 2020

$493,900

List Price

$2,580

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $176.58
  • 6 Days on Market
  • MLS # : 1533151
  • Updated Date : 12/01/2020 at 17:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,797 sqft
  • Baths : 3 full , 1 half
Listing Agent

Perry Development Management

Listing Agent's Description

Perry Homes New Construction! Home office with French doors frames the entry. Formal dining room. Kitchen features a large pantry and an island with a built-in seating space. Two-story family room features a wall of windows. Private primary suite with three-large windows. Primary bath features dual vanities, a garden tub, separate glass enclosed shower and a large walk-in closet. Game room and secondary bedrooms complete the second level. Extended covered backyard patio. Two-car garage.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Santa Rita Ranch

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $116k410k

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

Neighborhood: Santa Rita Ranch

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
Dell Pickett Elementary School Primary Regular 337 28 5
James Tippit Middle School Middle Regular 840 54 3
East View High School High Regular 1,418 110 4

Dell Pickett Elementary School

  • Education Level: Primary
  • # of students: 337
  • # of teachers: 28
5
GreatSchools Rating

James Tippit Middle School

  • Education Level: Middle
  • # of students: 840
  • # of teachers: 54
3
GreatSchools Rating

East View High School

  • Education Level: High
  • # of students: 1,418
  • # of teachers: 110
4
GreatSchools Rating
 

$444,510$543,290$493,900

PURCHASE PRICE

$2,322$2,838$2,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,580
EXPENSES Loan Payment -$1,822
Property Tax -$965
Property Insurance -$184
HOA -$55
Property Management Fees -$99
CASH FLOW
-$545

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.

$493,900

PROJECTED PRICE

$2,580

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,884

INVESTMENT

$132,884

Down Payment
$123,475
Rehab Estimate
$2,000
Closing Costs
$7,409

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,822

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $123,475
Loan Amount $370,425
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$611

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,580

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,580

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,210
1$2,2102$2,2953$2,5804$2,750
$2,750
RENT COMPS ANALYSIS
  • 327 Avendita Lane Liberty Hill, TX 3
    • 4 beds 4 baths ∙ 2,797 Sqft ∙ Built 2020 4 beds 4 baths ∙ 2,797 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,580
    • $0.92
    •  
  • 244 Glen Arbor Dr Liberty Hill, TX 1
    • 4 beds 3 baths ∙ 2,450 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,450 Sqft ∙ Built 2020
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $0.90
    •  
  • 100 Cascia Circle Liberty Hill, TX 2
    • 4 beds 4 baths ∙ 2,506 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,506 Sqft ∙ Built 2019
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.92
    •  
  • 120 Strata Drive Liberty Hill, TX 4
    • 4 beds 3 baths ∙ 2,845 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,845 Sqft ∙ Built 2017
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.97
    •  
PROPERTY LISTING DETAILS
Richard Hale
1.800.247.3779
Perry Development Management
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 1533151
Last Updated: 12/01/2020
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