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612 Peace Pipe Way Georgetown, TX 78628

3 Beds 2 Baths 1,452 sqft Built 2020

$295,490

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 20, 2020 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • 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

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $136k410k

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

Zip Code: 78628

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9972157

* 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
Dell Pickett Elementary School Primary Regular 337 28 5
James Tippit Middle School Middle Regular 840 54 3
East View High School High Regular 1,418 110 4

Dell Pickett Elementary School

  • Education Level: Primary
  • # of students: 337
  • # of teachers: 28
5
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
 

$265,941$325,039$295,490

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$80,305

INVESTMENT

$80,305

Down Payment
$73,873
Rehab Estimate
$2,000
Closing Costs
$4,432

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,090

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,873
Loan Amount $221,618
See What Happens When You Reinvest Cash Flow

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
$1,810
1$1,8102$1,8953$2,150
$2,150
RENT COMPS ANALYSIS
  • 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
Dave Clinton
1.512.270.6196
D.r. Horton, America's Builder
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 2175079
Last Updated: 11/20/2020
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