Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $181.54
- 7 Days on Market
- MLS # : 7101127
- Updated Date : 12/14/2020 at 20:25
CONSTRUCTION
- Beds : 3
- Floor Size : 1,647 sqft
- Baths : 2 full
Listing Agent
Summit Realtors
Listing Agent's Description
Former model home with special features. Open floorplan with beautiful kitchen with large island/bar great for entertaining. Crown molding with wide baseboards. Large pantry area in utility room. Private main bedroom with oversized walk in shower. Tile and wood flooring throughout except bedrooms. Fresh interior paint. Covered patio overlooks beautiful landscaping. Painted garage floor, sprinkler system and more.
SEE MORE
- #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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Georgetown Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Georgetown Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,600 |
| EXPENSES | Loan Payment | -$1,103 |
| Property Tax | -$586 | |
| Property Insurance | -$120 | |
| HOA | -$8 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$316
|
||
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.
$299,000
PROJECTED PRICE
$1,600
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.79% |
| Appreciation Year (1-5) | 3.4% |
| 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
$84,985
LOAN DETAILS
$1,103
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $74,750 |
| Loan Amount | $224,250 |
0.5
YEARS SAVED
$613
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,600
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$1,622
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
4906 Madrid Drive Georgetown, TX 1
- 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 2015
- Rent
- Rent Per SQFT
- $1,600
- $0.97
-
105 Rosebud Lane Georgetown, TX 2
- 3 beds 2 baths ∙ 1,675 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,675 Sqft ∙ Built 2007
LEASED 04/30/20- Rent
- Rent Per SQFT
- $1,695
- $1.01
-
1118 Boxwood Loop Georgetown, TX 3
- 4 beds 2 baths ∙ 1,769 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,769 Sqft ∙ Built 2007
LEASED 06/30/20- Rent
- Rent Per SQFT
- $1,700
- $0.96
-
803 Bedford Court Georgetown, TX 4
- 4 beds 2 baths ∙ 1,757 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,757 Sqft ∙ Built 2005
LEASED 10/13/20- Rent
- Rent Per SQFT
- $1,750
- $1.00
-
505 Pinon Cv Georgetown, TX 5
- 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 2015
LEASED 05/14/20- Rent
- Rent Per SQFT
- $1,800
- $0.97
PROPERTY LISTING DETAILS
1.512.426.2343
Summit Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 7101127
Last Updated: 12/14/2020
