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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $109.52
- 2 Days on Market
- MLS # : 2402225
- Updated Date : 11/29/2020 at 04:01
CONSTRUCTION
- Beds : 4
- Floor Size : 2,858 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Realty
Listing Agent's Description
Don't miss this spacious 2 story home nestled on a quiet street in Stonehedge/Churchill Farms in Georgetown. Enjoy the mornings or afternoons on the back porch with the sun-filled yard and mature trees. Imagine cooking dinner in the updated kitchen featuring stainless steel appliances, quartz countertops and ample storage. You're within walking distance to schools, playgrounds and the community pool. Take a short drive to find supermarkets, the cinema and dining. Georgetown ISD - Mitchell, Wagner, East View.
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: Churchill Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Churchill Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,830 |
| EXPENSES | Loan Payment | -$1,155 |
| Property Tax | -$614 | |
| Property Insurance | -$188 | |
| HOA | -$32 | |
| Property Management Fees | -$146 | |
|
CASH FLOW
-$304
|
||
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.
$313,000
PROJECTED PRICE
$1,830
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 8.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.72% |
| 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
$88,695
LOAN DETAILS
$1,155
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $78,250 |
| Loan Amount | $234,750 |
0.33
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.
-
$1,830
LIST RENT -
$0.64
LIST RENT PER SQFT
-
$1,865
COMP ESTIMATED VALUE -
$0.65
COMP AVG. RENT PER SQFT
Comps Range
-
600 Belmont Drive Georgetown, TX 4
- 4 beds 3 baths ∙ 2,858 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,858 Sqft ∙ Built 2001
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- Rent
- Rent Per SQFT
- $1,830
- $0.64
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2377 Brookhollow Terrace Georgetown, TX 1
- 4 beds 3 baths ∙ 2,968 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,968 Sqft ∙ Built 2005
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LEASED 06/27/20- Rent
- Rent Per SQFT
- $1,720
- $0.58
-
2323 Brookhollow Terrace Georgetown, TX 2
- 4 beds 3 baths ∙ 2,659 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,659 Sqft ∙ Built 2004
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LEASED 03/31/20- Rent
- Rent Per SQFT
- $1,750
- $0.66
-
700 Belmont Drive Georgetown, TX 3
- 4 beds 3 baths ∙ 2,623 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,623 Sqft ∙ Built 2000
![property image]()
LEASED 06/06/19- Rent
- Rent Per SQFT
- $1,775
- $0.68
-
2349 Brookhollow Terrace Georgetown, TX 5
- 4 beds 3 baths ∙ 2,666 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,666 Sqft ∙ Built 2004
![property image]()
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,850
- $0.69
PROPERTY LISTING DETAILS
1.512.297.4606
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 2402225
Last Updated: 11/29/2020
