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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $169.17
- 4 Days on Market
- MLS # : 3876390
- Updated Date : 02/21/2021 at 00:19
CONSTRUCTION
- Beds : 3
- Floor Size : 1,768 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty Gt (wc)
Listing Agent's Description
This is a unique opportunity to own in Lively Ranch at a price more affordable than the neighboring new construction, while benefiting from the numerous upgrades seller has completed since purchase including landscaping, sprinkler system (improved), fixtures, designer paints, and ceiling fans. SMART HOME technology will allow you to automate your life from anywhere. Gorgeous curb appeal with lush green grass and landscaping, home welcomes with covered porch and grand foyer looking out to living area and back yard. Secondary bedrooms allow privacy, separated by shared bathroom. Primary suite features dual closets, walk-in shower and overlooks huge oak tree. Enjoy open entertaining spaces in your living, kitchen and dining areas overlooking the backyard. Relax on the back porch and enjoy the serenity of the sounds of nature. In the kitchen you'll be cooking with gas, and two pantries gives you plenty of room to store all your favorite ingredients and serving pieces. Loved ones will gather around the kitchen island. Laundry room is tucked away off the mud room entry from garage. This stunner is insta-ready for your memories to come.
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
Zip Code: 78628
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 78628
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,700 |
| EXPENSES | Loan Payment | -$1,039 |
| Property Tax | -$587 | |
| Property Insurance | -$127 | |
| HOA | -$67 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$218
|
||
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.
$299,100
PROJECTED PRICE
$1,700
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.79% |
| Appreciation Year (1-5) | 5.8% |
| 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
$85,012
LOAN DETAILS
$1,039
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $74,775 |
| Loan Amount | $224,325 |
1.17
YEARS SAVED
$1,660
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,700
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$1,728
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
4228 Buffalo Ford Road Georgetown, TX 1
- 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 2018
![property image]()
- Rent
- Rent Per SQFT
- $1,700
- $0.96
-
4209 Buffalo Ford Road Georgetown, TX 2
- 4 beds 2 baths ∙ 1,911 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,911 Sqft ∙ Built 2018
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LEASED 05/12/20- Rent
- Rent Per SQFT
- $1,800
- $0.94
-
4344 Rockbrook Farms Lane Georgetown, TX 3
- 4 beds 2 baths ∙ 1,911 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,911 Sqft ∙ Built 2019
![property image]()
LEASED 01/07/21- Rent
- Rent Per SQFT
- $1,850
- $0.97
-
2309 Singletree Bend Georgetown, TX 4
- 4 beds 2 baths ∙ 1,940 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,940 Sqft ∙ Built 2019
![property image]()
LEASED 10/15/20- Rent
- Rent Per SQFT
- $1,895
- $0.98
-
4304 Buffalo Ford Road Georgetown, TX 5
- 3 beds 2 baths ∙ 1,863 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,863 Sqft ∙ Built 2018
![property image]()
LEASED 08/05/20- Rent
- Rent Per SQFT
- $1,899
- $1.02
PROPERTY LISTING DETAILS
Keller Williams Realty Gt (wc)
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 3876390
Last Updated: 02/21/2021
