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341 Grand Junction Trail Georgetown, TX 78626

3 Beds 3 Baths 2,929 sqft Built 2014

$315,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $107.55
  • 4 Days on Market
  • MLS # : 7350353
  • Updated Date : 11/12/2020 at 15:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,929 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Beautiful two-story home with an amazing floor plan and massive backyard in the popular La Conterra neighborhood of Georgetown! This 3 bedroom, 2.5 bathroom, 2,929 SQFT open-concept home offers a private office off of the front of the home, formal dining room, two spacious living rooms, and don't miss the understair storage. Just walk around the corner to enjoy the many community amenities, or the large backyard also has endless possibilities! The primary bedroom is huge and offers an additional bonus space ideal for a workspace, workout area, nursery, or sitting area. The gourmet kitchen is perfect for entertaining featuring a massive island, breakfast area, and an abundance of cabinetry and countertop space. Updated bamboo flooring downstairs, and brand new carpet upstairs with a one year warranty that will transfer to new buyers. Spacious secondary bedrooms upstair, all bedrooms are up, and a large secondary living up. Come live the master-planned community lifestyle with amenities including a Junior-Olympic sized pool, sport court, multiple parks & playgrounds, dog stations, neighborhood trails, and covered pavilion. Commuter friendly; close to IH-35 and Hwy. 130. Minutes to shopping, dining, and entertainment! San Gabriel Park also contains a skate park, full recreational center, and 9-hole disc golf course, ensuring there's always something to do near La Conterra. Shopping enthusiasts can enjoy their favorite stores at Round Rock Premium Outlets and Wolf Ranch Town Center. Highly desirable Georgetown ISD!

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: 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
Carver Elementary School Primary Regular 429 29 3
George Wagner Middle School Middle Regular NA
East View High School High Regular 1,418 110 4

Carver Elementary School

  • Education Level: Primary
  • # of students: 429
  • # of teachers: 29
3
GreatSchools Rating

George Wagner Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

East View High School

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

$283,500$346,500$315,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,162
Property Tax -$618
Property Insurance -$192
HOA -$40
Property Management Fees -$160
CASH FLOW
-$171

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$315,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.63%

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) 8.00%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$3,226

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $2,094

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8953$1,9804$2,0005$2,000
$2,000
RENT COMPS ANALYSIS
  • 341 Grand Junction Trail Georgetown, TX 5
    • 3 beds 3 baths ∙ 2,929 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,929 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.68
    •  
  • 321 Grand Junction Trl Georgetown, TX 1
    • 4 beds 3 baths ∙ 2,584 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,584 Sqft ∙ Built 2014
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.72
    •  
  • 1309 Grande Mesa Drive Georgetown, TX 2
    • 4 beds 3 baths ∙ 2,790 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,790 Sqft ∙ Built 2009
    property image
    LEASED 11/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.68
    •  
  • 339 Alamosa Dr Georgetown, TX 3
    • 4 beds 3 baths ∙ 2,718 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,718 Sqft ∙ Built 2016
    property image
    LEASED 09/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $0.73
    •  
  • 1120 Clearwing Circle Georgetown, TX 4
    • 3 beds 3 baths ∙ 2,750 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,750 Sqft ∙ Built 2013
    property image
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.73
    •  
PROPERTY LISTING DETAILS
Crystal Horton
1.512.393.9729
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 7350353
Last Updated: 11/12/2020
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