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PROPERTY INFO
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!!!
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Serenada East
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$96,619
LOAN DETAILS
$1,265
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $85,725 |
| Loan Amount | $257,175 |
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
-
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
1.512.930.8722
Keller Williams Realty-rr (wc)
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 6925213
Last Updated: 11/20/2020
