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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $203.51
- 3 Days on Market
- MLS # : 2175079
- Updated Date : 11/20/2020 at 21:05
CONSTRUCTION
- Beds : 3
- Floor Size : 1,452 sqft
- Baths : 2 full
Listing Agent
D.r. Horton, America's Builder
Listing Agent's Description
UNDER CONSTRUCTION - EST COMPLETION IN FEB/MAR 2021. No wasteful space! This open plan, with 10' ceilings in the main area lives much bigger than 1452 sq ft. Covered front and back patios and the sliding glass door option provide an outdoor oasis for these beautiful fall days. The island kitchen features 42" cabinets & silestone counters, with stainless appliances. Mohawk vinyl wood flooring extended in all main areas. Bath 1 has a frameless glass enclosure on a 5' tiled walk in shower, double vanity and a spacious WIC. Full sod, irrigation and technology package.
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
Zip Code: 78628
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 78628
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,810 |
| EXPENSES | Loan Payment | -$1,090 |
| Property Tax | -$597 | |
| Property Insurance | -$109 | |
| HOA | -$33 | |
| Property Management Fees | -$145 | |
|
CASH FLOW
-$164
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$295,490
PROJECTED PRICE
$1,810
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.79% |
| Appreciation Year (1-5) | 5.8% |
| Maintenance Year (1-5) | 3.00% |
| 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
$80,305
LOAN DETAILS
$1,090
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $73,873 |
| Loan Amount | $221,618 |
1.58
YEARS SAVED
$3,231
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,810
LIST RENT -
$1.25
LIST RENT PER SQFT
-
$1,822
COMP ESTIMATED VALUE -
$1.26
COMP AVG. RENT PER SQFT
Comps Range
-
612 Peace Pipe Way Georgetown, TX 1
- 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $1,810
- $1.25
-
116 San View Drive Georgetown, TX 2
- 4 beds 2 baths ∙ 1,766 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,766 Sqft ∙ Built 2019
LEASED 07/07/20- Rent
- Rent Per SQFT
- $1,895
- $1.07
-
111 Fawn Glen Georgetown, TX 3
- 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1984
LEASED 08/23/19- Rent
- Rent Per SQFT
- $2,150
- $1.44
PROPERTY LISTING DETAILS
1.512.270.6196
D.r. Horton, America's Builder
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 2175079
Last Updated: 11/20/2020
