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PROPERTY INFO
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
- 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
* 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 | $2,580 |
| 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
| 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
$132,884
LOAN DETAILS
$1,822
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $123,475 |
| Loan Amount | $370,425 |
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
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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
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- Rent Per SQFT
- $2,580
- $0.92
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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
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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
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-
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
1.800.247.3779
Perry Development Management
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1533151
Last Updated: 12/01/2020
