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4012 Luna Trail Georgetown, TX 78628

4 Beds 3 Baths 2,088 sqft Built 1981

$342,900

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $164.22
  • 4 Days on Market
  • MLS # : 6925213
  • Updated Date : 11/20/2020 at 15:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,088 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty-rr (wc)

Listing Agent's Description

Lovingly cared for Serenada 1-story stone custom-built home by Randy Morine. Original owner - pride of ownership very evident. Recent updates: Kitchen renovation - light and bright - Stainless GE appliances NEVER USED! On-trend white cabinets, recessed lighting, granite counters! NO SEPTIC on city sewer. Also recent AC, carpet, garage door, roof shingles (2015). Breakfast area with bay windows to enjoy the deer meandering through the backyard. Large primary bedroom with en-suite bath, dual closets and vanities. Massive living area with wood-burning fireplace, only used once. MIL plan with secondary bedrooms off hallway - each spacious with good natural light and closet space! Separate utility room -washer and dryer convey. Plus a half bath for guests! You will love the floorplan - not an inch of wasted space. Interior may need your special touches to bring current - excellent bones on this home. Never any pets or smoking in the home: pristine. The many massive oaks have been recently trimmed - canopies brought up. Room to park RV. Beautiful home and expansive lot - you will love this property!!!

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MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Serenada East

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $124k410k

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

Neighborhood: Serenada East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9832157

* 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
Raye Mccoy Elementary School Primary Regular 558 38 6
Douglas Benold Middle School Middle Regular 825 53 5
Georgetown High School High Regular 1,822 121 5

Raye Mccoy Elementary School

  • Education Level: Primary
  • # of students: 558
  • # of teachers: 38
6
GreatSchools Rating

Douglas Benold Middle School

  • Education Level: Middle
  • # of students: 825
  • # of teachers: 53
5
GreatSchools Rating

Georgetown High School

  • Education Level: High
  • # of students: 1,822
  • # of teachers: 121
5
GreatSchools Rating
 

$308,610$377,190$342,900

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,265
Property Tax -$672
Property Insurance -$145
Property Management Fees -$161
CASH FLOW
-$233

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.

$342,900

PROJECTED PRICE

$2,010

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 9.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.80%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$96,619

INVESTMENT

$96,619

Down Payment
$85,725
Rehab Estimate
$5,750
Closing Costs
$5,144

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,265

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,725
Loan Amount $257,175
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,503

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,994

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,8503$1,8504$1,9505$2,010
$2,010
RENT COMPS ANALYSIS
  • 4012 Luna Trail Georgetown, TX 5
    • 4 beds 3 baths ∙ 2,088 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,088 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.96
    •  
  • 3501 Sierra Dr Georgetown, TX 1
    • 3 beds 2 baths ∙ 1,835 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,835 Sqft ∙ Built 1980
    LEASED 09/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.93
    •  
  • 1201 Naranjo Dr Georgetown, TX 2
    • 3 beds 2 baths ∙ 1,940 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,940 Sqft ∙ Built 2016
    LEASED 06/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.95
    •  
  • 406 Serenada Dr Georgetown, TX 3
    • 3 beds 2 baths ∙ 2,007 Sqft ∙ Built 1978 3 beds 2 baths ∙ 2,007 Sqft ∙ Built 1978
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.92
    •  
  • 702 Algerita Drive Georgetown, TX 4
    • 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 2011
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.02
    •  
PROPERTY LISTING DETAILS
Kiersty Lombar
1.512.930.8722
Keller Williams Realty-rr (wc)
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 6925213
Last Updated: 11/20/2020
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