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341 Capstone Road Liberty Hill, TX 78642

4 Beds 3 Baths 2,260 sqft Built 2020

$282,627

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $125.06
  • 2 Days on Market
  • MLS # : 2538672
  • Updated Date : 11/03/2020 at 06:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,260 sqft
  • Baths : 2 full , 1 half
Listing Agent

Alexander Properties

Listing Agent's Description

MLS#2538672 ~ February Completion ~ The Canadian A features the popular open-concept inclusive layout that lets the host attend to the details in the kitchen and still entertain. The focal point of the chef-inspired kitchen is the prep-and-serve island, beautiful appliances, stunning counter tops, fine cabinetry and massive walk-in pantry. As pleasant as the kitchen is, don’t be surprised when the great room or covered patio becomes the gathering place of the choice. After all, it is a cheerful spot with a view of the backyard. Enjoy the evening and pass the popcorn. This is where memories are made! A foyer-style entry leads to the spacious Primary bedroom. This serene sanctuary, situated in the back of the home with a spa-style experience bathroom with large walk-in shower, separate vanities and an enclosed water closet. A room-sized walk-in closet is a welcome convenience. Notice the secondary bedrooms are located in the front of the home separated to enhance privacy.Primary Home Buyer only no investors please.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
 

$254,364$310,890$282,627

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,043
Property Tax -$726
Property Insurance -$154
HOA -$33
Property Management Fees -$152
CASH FLOW
-$208

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.

$282,627

PROJECTED PRICE

$1,900

PROJECTED RENT

0.67%

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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$76,896

INVESTMENT

$76,896

Down Payment
$70,657
Rehab Estimate
$2,000
Closing Costs
$4,239

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,043

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,657
Loan Amount $211,970
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$807

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,028

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9003$1,9944$2,0005$2,000
$2,000
RENT COMPS ANALYSIS
  • 341 Capstone Road Liberty Hill, TX 2
    • 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.84
    •  
  • 331 Quarry Lane Liberty Hill, TX 1
    • 3 beds 3 baths ∙ 2,106 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,106 Sqft ∙ Built 2014
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.88
    •  
  • 317 Independence Avenue Liberty Hill, TX 3
    • 4 beds 2 baths ∙ 2,103 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,103 Sqft ∙ Built 2018
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,994
    • $0.95
    •  
  • 121 Freedom Park Avenue Liberty Hill, TX 4
    • 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 2019
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.86
    •  
  • 209 Magna Lane Liberty Hill, TX 5
    • 4 beds 3 baths ∙ 2,210 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,210 Sqft ∙ Built 2019
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $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 #: 2538672
Last Updated: 11/03/2020
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