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4328 Buffalo Ford Road Georgetown, TX 78628

4 Beds 2 Baths 1,929 sqft Built 2019

$335,000

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $173.67
  • 7 Days on Market
  • MLS # : 9517573
  • Updated Date : 12/03/2020 at 02:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,929 sqft
  • Baths : 2 full
Listing Agent

Loves Realty

Listing Agent's Description

Charm abounds in this home with oasis backyard ideally suited for entertainment and enjoyment. Featuring an open floor plan with an oversized eat-in island that flows into the dining and living rooms with neutral tones throughout. Kitchen also features gas range appliances, ample pantry, and granite countertops. Master showcases walk in closet, walk-in shower, quartz countertops, and dual sinks. Luxury vinyl plank with carpet in the bedrooms, a 2 car garage, sunny living areas, an outstanding backyard living space (perfect for dogs!) complete with a fire-pit and double fence for privacy. The home also comes equipped with wiring for security cameras. With an acceptable offer, seller will include patio furniture and refrigerator.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 78628

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $136k410k

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

Zip Code: 78628

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9972157

* 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
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,236
Property Tax -$657
Property Insurance -$136
HOA -$61
Property Management Fees -$99
CASH FLOW
-$309

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.

$335,000

PROJECTED PRICE

$1,880

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 5.8%
Maintenance Year (1-5) 3.00%
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

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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,211

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,866

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8003$1,8504$1,8805$1,899
$1,899
RENT COMPS ANALYSIS
  • 4328 Buffalo Ford Road Georgetown, TX 4
    • 4 beds 2 baths ∙ 1,929 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,929 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.97
    •  
  • 4232 Porter Farm Road Georgetown, TX 1
    • 4 beds 2 baths ∙ 1,911 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,911 Sqft ∙ Built 2019
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.94
    •  
  • 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
    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
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.97
    •  
  • 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
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $1.02
    •  
PROPERTY LISTING DETAILS
Brittany Duncan
1.512.767.4588
Loves Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 9517573
Last Updated: 12/03/2020
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