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528 Hereford Ln Georgetown, TX 78633

3 Beds 3 Baths 2,052 sqft Built 2018

INVESTimate

$309,000

List Price

$1,930

$1,737 - $2,123

Rent Est.

$322,194  ( +4.27%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $150.58
  • 5 Days on Market
  • MLS # : 3328091
  • Updated Date : 08/22/2020 at 10:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,052 sqft
  • Baths : 3 full
Listing Agent

Stacy Group Llc

Listing Agent's Description

Like a new home but no time to build? Check out this perfect home for those that sew or need an extra man cave area, or family visitors, this 2 Story Steel Creek w/ low maintenance 4 sides brick home will leave you wowed - 2 bed/2 bath downstairs with an additional bed, bath, and living space upstairs. Lots of extras like tile in the main areas, the extended back porch with a ceiling fan, plantation shutters, water softener, and an extended garage all add to this beauty. Greenbelt ribbon in the back!

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: 78633

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $126k335k

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

Zip Code: 78633

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9371902

* 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
Jarrell Middle School Primary Regular 271 21 3
Jarrell Middle School Middle Regular 271 21 3
Jarrell High School High Regular 332 30 5

Jarrell Middle School

  • Education Level: Primary
  • # of students: 271
  • # of teachers: 21
3
GreatSchools Rating

Jarrell Middle School

  • Education Level: Middle
  • # of students: 271
  • # of teachers: 21
3
GreatSchools Rating

Jarrell High School

  • Education Level: High
  • # of students: 332
  • # of teachers: 30
5
GreatSchools Rating
 

$278,100$339,900$309,000

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

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$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,140
Property Tax -$606
Property Insurance -$143
HOA -$100
Property Management Fees -$154
CASH FLOW
-$213

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.

$309,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 4.27%
Maintenance Year (1-5) 8.00%
Vacancy 6.72%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,635

INVESTMENT

$87,635

Down Payment
$77,250
Rehab Estimate
$5,750
Closing Costs
$4,635

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,140

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,250
Loan Amount $231,750
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$1,693

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,067

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,8503$1,9304$2,2005$2,200
$2,200
RENT COMPS ANALYSIS
  • 528 Hereford Ln Georgetown, 3
    • 3 beds 3 baths ∙ 2,052 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,052 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.94
    •  
  • 409 Colorado River Rd Georgetown, 1
    • 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 2004
    property image
    LEASED 06/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.97
    •  
  • 118 Ranier Ln Georgetown, 2
    • 3 beds 2 baths ∙ 1,773 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,773 Sqft ∙ Built 2003
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.04
    •  
  • 112 Guadalupe Trl Georgetown, 4
    • 3 beds 2 baths ∙ 1,994 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,994 Sqft ∙ Built 2004
    property image
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.10
    •  
  • 302 Las Colinas Dr Georgetown, 5
    • 3 beds 2 baths ∙ 2,389 Sqft ∙ Built 2008 3 beds 2 baths ∙ 2,389 Sqft ∙ Built 2008
    property image
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.92
    •  
PROPERTY LISTING DETAILS
Keri Gann
1.512.775.3067
Stacy Group Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 3328091
Last Updated: 08/22/2020
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