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512 Warlander Way Georgetown, TX 78626

4 Beds 3 Baths 2,513 sqft Built 2019

$361,000

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $143.65
  • 5 Days on Market
  • MLS # : 5399410
  • Updated Date : 01/31/2021 at 06:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,513 sqft
  • Baths : 2 full , 1 half
Listing Agent

The Virtual Realty Group

Listing Agent's Description

This stunning 4-bedroom 2.5 bath looks & feels like NEW. Enjoy the large open concept of the first floor, the soaring 19 foot ceilings, and oversized windows let in ton of natural light making a perfect place to relax and enjoy. The fabulous kitchen boasts 42in cabinets, stainless appliances, granite countertops, and butler pantry. Downstairs also has a home office / flex space & grand owners suite. Upstairs you will find 3 spacious bedrooms and fantastic game room overlooking the living space below. All this plus a Texas sized covered patio and oversized fenced yard plenty of room to play and entertain! Easy access to Saddlecreek Community pool, playground, disk golf, gym, walking paths, pond, close to DT Georgetown, shopping and I-35 /130.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Zip Code: 78626

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300kPrice in $120k315k

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

Zip Code: 78626

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8441816

* 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
James E. Mitchell Elementary School Primary Regular 739 47 2
James Tippit Middle School Middle Regular 840 54 3
East View High School High Regular 1,418 110 4

James E. Mitchell Elementary School

  • Education Level: Primary
  • # of students: 739
  • # of teachers: 47
2
GreatSchools Rating

James Tippit Middle School

  • Education Level: Middle
  • # of students: 840
  • # of teachers: 54
3
GreatSchools Rating

East View High School

  • Education Level: High
  • # of students: 1,418
  • # of teachers: 110
4
GreatSchools Rating
 

$324,900$397,100$361,000

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,254
Property Tax -$709
Property Insurance -$168
HOA -$68
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 15% of earned rent to cover both maintenance and periods of vacancy.

$361,000

PROJECTED PRICE

$1,990

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.72%
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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

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$101,415

INVESTMENT

$101,415

Down Payment
$90,250
Rehab Estimate
$5,750
Closing Costs
$5,415

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $90,250
Loan Amount $270,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$987

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,155

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,780
1$1,7802$1,9753$1,9904$2,0955$2,295
$2,295
RENT COMPS ANALYSIS
  • 512 Warlander Way Georgetown, TX 3
    • 4 beds 3 baths ∙ 2,513 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,513 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.79
    •  
  • 620 Reinhardt Blvd Georgetown, TX 1
    • 4 beds 3 baths ∙ 2,315 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,315 Sqft ∙ Built 2019
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.77
    •  
  • 302 Reinhardt Blvd Georgetown, TX 2
    • 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 1994
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.84
    •  
  • 513 Rearing Mare Pass Georgetown, TX 4
    • 5 beds 3 baths ∙ 2,409 Sqft ∙ Built 2020 5 beds 3 baths ∙ 2,409 Sqft ∙ Built 2020
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.87
    •  
  • 1136 Kimblewick Drive Georgetown, TX 5
    • 5 beds 3 baths ∙ 2,409 Sqft ∙ Built 2020 5 beds 3 baths ∙ 2,409 Sqft ∙ Built 2020
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.95
    •  
PROPERTY LISTING DETAILS
Amanda South
1.724.516.0441
The Virtual Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 5399410
Last Updated: 01/31/2021
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