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328 Capstone Road Liberty Hill, TX 78642

4 Beds 3 Baths 2,910 sqft Built 2020

$311,497

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $107.04
  • 5 Days on Market
  • MLS # : 8718158
  • Updated Date : 12/03/2020 at 15:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,910 sqft
  • Baths : 2 full , 1 half
Listing Agent

Alexander Properties

Listing Agent's Description

MLS#8718158 ~ Ready April! This Taylor Morrison Nueces is the ultimate home for your large or growing family. With its strong curb appeal and inviting entry, walking into your home will be timeless. The four-bedroom, two-story home features elegant lines and detailing, along with a dramatic openness. Upon entry you see a large office that will make working from home enjoyable. Walk past the staircase to enter the heart of the home. A combination of the kitchen, great room and dining fills a comfortably large and open area. The kitchen makes meal preparation fun and perfect for family time. The owner's quarters is on the first floor, neatly tucked away for peaceful quiet nights. The second floor is home to a plush game room and three additional bedrooms, that each have walk in closets. REPRESENTATIVE PHOTOS ADDED!

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

Zip Code: 78642

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $116k318k

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

Zip Code: 78642

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9371926

* 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
Bill Burden Elementary School Primary Regular 674 47 7
Liberty Hill Junior High School Middle Regular 501 34 8
Liberty Hill High School High Regular 1,015 63 6

Bill Burden Elementary School

  • Education Level: Primary
  • # of students: 674
  • # of teachers: 47
7
GreatSchools Rating

Liberty Hill Junior High School

  • Education Level: Middle
  • # of students: 501
  • # of teachers: 34
8
GreatSchools Rating

Liberty Hill High School

  • Education Level: High
  • # of students: 1,015
  • # of teachers: 63
6
GreatSchools Rating
 

$280,347$342,647$311,497

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,149
Property Tax -$608
Property Insurance -$191
HOA -$33
Property Management Fees -$99
CASH FLOW
$169

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.

$311,497

PROJECTED PRICE

$2,250

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 4.1%
Maintenance Year (1-5) 3.00%
Vacancy 6.72%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$84,547

INVESTMENT

$84,547

Down Payment
$77,874
Rehab Estimate
$2,000
Closing Costs
$4,672

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,149

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,874
Loan Amount $233,623
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$33,768

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,583

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2503$2,4954$2,5505$2,700
$2,700
RENT COMPS ANALYSIS
  • 328 Capstone Road Liberty Hill, TX 2
    • 4 beds 3 baths ∙ 2,910 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,910 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.77
    •  
  • 360 Quarry Lane Liberty Hill, TX 1
    • 4 beds 3 baths ∙ 2,577 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,577 Sqft ∙ Built 2014
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.85
    •  
  • 113 Limonite Ln Liberty Hill, TX 3
    • 5 beds 3 baths ∙ 2,756 Sqft ∙ Built 2019 5 beds 3 baths ∙ 2,756 Sqft ∙ Built 2019
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.91
    •  
  • 83 Prospector Ln Liberty Hill, TX 4
    • 5 beds 3 baths ∙ 2,854 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,854 Sqft ∙ Built 2018
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.89
    •  
  • 225 Capstone Rd Liberty Hill, TX 5
    • 5 beds 4 baths ∙ 2,996 Sqft ∙ Built 2019 5 beds 4 baths ∙ 2,996 Sqft ∙ Built 2019
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.90
    •  
PROPERTY LISTING DETAILS
Bobbie Alexander
1.512.549.6838
Alexander Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 8718158
Last Updated: 12/03/2020
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