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330 Alamar Knot Way #195 Georgetown, TX 78626

4 Beds 3 Baths 1,523 sqft Built 2020

$216,900

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $142.42
  • 3 Days on Market
  • MLS # : 5334029
  • Updated Date : 12/04/2020 at 20:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,523 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dennis Ciani

Listing Agent's Description

MLS# 5334029 - Built by Pacesetter Homes - September completion! ~ Newly designed, spacious condos with open kitchen, great family room and lots of windows and natural light. All interior features included in the price. Come see our models to see exactly what you will be getting!

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: 78626

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300kPrice in $120k315k

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

Zip Code: 78626

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8441816

* 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
James E. Mitchell Elementary School Primary Regular 739 47 2
Charles A. Forbes Middle School Middle Regular 735 46 3
East View High School High Regular 1,418 110 4

James E. Mitchell Elementary School

  • Education Level: Primary
  • # of students: 739
  • # of teachers: 47
2
GreatSchools Rating

Charles A. Forbes Middle School

  • Education Level: Middle
  • # of students: 735
  • # of teachers: 46
3
GreatSchools Rating

East View High School

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

$195,210$238,590$216,900

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$800
Property Tax -$426
Property Insurance -$113
HOA -$15
Property Management Fees -$99
CASH FLOW
$187

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.

$216,900

PROJECTED PRICE

$1,640

PROJECTED RENT

0.76%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 6.7%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$59,479

INVESTMENT

$59,479

Down Payment
$54,225
Rehab Estimate
$2,000
Closing Costs
$3,254

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$800

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $54,225
Loan Amount $162,675
See What Happens When You Reinvest Cash Flow

9.25

YEARS SAVED

$33,440

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,611

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,640
1$1,6402$1,7003$1,7004$1,7005$1,715
$1,715
RENT COMPS ANALYSIS
  • 330 Alamar Knot Way #195 Georgetown, TX 1
    • 4 beds 3 baths ∙ 1,523 Sqft ∙ Built 2020 4 beds 3 baths ∙ 1,523 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $1.08
    •  
  • 5133 Vanner Path Georgetown, TX 2
    • 4 beds 2 baths ∙ 1,713 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,713 Sqft ∙ Built 2019
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.99
    •  
  • 1300 Nokota Bnd Georgetown, TX 3
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 2019
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.06
    •  
  • 5121 Vanner Path Georgetown, TX 4
    • 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 2019
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.11
    •  
  • 521 Rearing Mare Pass Georgetown, TX 5
    • 4 beds 2 baths ∙ 1,602 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,602 Sqft ∙ Built 2020
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,715
    • $1.07
    •  
PROPERTY LISTING DETAILS
Dennis Ciani
1.512.900.7445
Dennis Ciani
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 5334029
Last Updated: 12/04/2020
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