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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $158.13
- 3 Days on Market
- MLS # : 4182012
- Updated Date : 01/22/2021 at 22:40
CONSTRUCTION
- Beds : 3
- Floor Size : 1,328 sqft
- Baths : 2 full
Listing Agent
Realty Austin
Listing Agent's Description
Adorable Primrose Garden Home on a cul-de-sac corner lot in Sun City. Beautiful wood floors welcome you into the main living area surrounded by an abundance of natural light. This home is a charming 3 bedrooms, perfect for a guest room while still having a craft room or studio. Retreat to the primary bedroom and enjoy a Texas oversized closet and views of the greenbelt ribbon. The en suite features ceramic tile and includes dual vanities, a wall-mounted full-length mirror and plenty of light. Relax on the large private back patio enjoying coffee and watching the deer meander through the greenbelt. Cherish being tucked away in the community yet still close to the Woodshop, tennis courts, Farmer’s market, the Veteran’s Memorial Plaza and the Legacy Amenity Center. Part of the Landscape Maintenance Program. Roof 2019. Floors 2020.
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: Sun City
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,400 |
| EXPENSES | Loan Payment | -$729 |
| Property Tax | -$412 | |
| Property Insurance | -$102 | |
| HOA | -$245 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$187
|
||
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.
$210,000
PROJECTED PRICE
$1,400
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.79% |
| Appreciation Year (1-5) | 5.2% |
| 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
$61,400
LOAN DETAILS
$729
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $52,500 |
| Loan Amount | $157,500 |
0.42
YEARS SAVED
$308
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,400
LIST RENT -
$1.05
LIST RENT PER SQFT
-
$1,398
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
-
500 Crockett Loop Georgetown, TX 1
- 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 2004
![property image]()
- Rent
- Rent Per SQFT
- $1,400
- $1.05
-
117 Cleburne Pass Georgetown, TX 2
- 3 beds 2 baths ∙ 1,418 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,418 Sqft ∙ Built 2012
![property image]()
LEASED 01/31/20- Rent
- Rent Per SQFT
- $1,525
- $1.08
-
106 Hummingbird Cv Georgetown, TX 3
- 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2005
![property image]()
LEASED 10/24/19- Rent
- Rent Per SQFT
- $1,650
- $1.03
-
104 Winter Drive Georgetown, TX 4
- 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2005
![property image]()
LEASED 06/15/20- Rent
- Rent Per SQFT
- $1,675
- $1.05
-
314 Crockett Loop Georgetown, TX 5
- 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2004
![property image]()
LEASED 06/03/20- Rent
- Rent Per SQFT
- $1,675
- $1.05
PROPERTY LISTING DETAILS
1.512.699.4434
Realty Austin
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 4182012
Last Updated: 01/22/2021
