Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $150.25
- 5 Days on Market
- MLS # : 4195430
- Updated Date : 12/23/2020 at 18:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,277 sqft
- Baths : 3 full , 1 half
Listing Agent
Century Communities - Crotx
Listing Agent's Description
The Henderson is a floor plan you can truly make your own. As you step into the foyer, you're greeted by a private study with built in French doors. You can also enter from the two-bay garage for quick access to your new command center: a spacious kitchen with a center island and abundant counter space. The kitchen features 42" white painted cabinets, subway tile backsplash and quartz countertops, and The overlooks a sunlit dining area and great room, with access to a relaxing covered patio. You'll also appreciate a convenient main floor laundry room, powder bath and an impressive primary suite–with dual walk-in closets, a private bath with double sinks and a walk-in shower. Upstairs, a game room offers numerous possibilities, and three secondary bedrooms. Other upgrades in this home include the additional bedroom 4 with private full bath 3 layout, recessed lighting in the kitchen, extended gray wood-look tile through first floor common areas, 2" white faux wood blinds throughout, and a 2-panel square Knotty Alder wood front door. You're going to love this Henderson plan and all it has to offer!
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 78633
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,040 |
| EXPENSES | Loan Payment | -$1,262 |
| Property Tax | -$657 | |
| Property Insurance | -$155 | |
| HOA | -$50 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$183
|
||
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.
$342,120
PROJECTED PRICE
$2,040
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 4.3% |
| Maintenance Year (1-5) | 3.00% |
| 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
$92,662
LOAN DETAILS
$1,262
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $85,530 |
| Loan Amount | $256,590 |
2.08
YEARS SAVED
$5,617
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,040
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,992
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
712 Olive Creek Drive Georgetown, TX 5
- 4 beds 4 baths ∙ 2,277 Sqft ∙ Built 2020 4 beds 4 baths ∙ 2,277 Sqft ∙ Built 2020
![property image]()
- Rent
- Rent Per SQFT
- $2,040
- $0.90
-
213 Village Park Drive Georgetown, TX 1
- 3 beds 2 baths ∙ 2,041 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,041 Sqft ∙ Built 2003
![property image]()
LEASED 11/01/19- Rent
- Rent Per SQFT
- $1,800
- $0.88
-
208 Allen Georgetown, TX 2
- 4 beds 2 baths ∙ 2,226 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,226 Sqft ∙ Built 1998
![property image]()
LEASED 08/01/19- Rent
- Rent Per SQFT
- $1,925
- $0.86
-
4929 Woodstock Dr Georgetown, TX 3
- 4 beds 2 baths ∙ 2,028 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,028 Sqft ∙ Built 2005
![property image]()
LEASED 06/26/19- Rent
- Rent Per SQFT
- $1,950
- $0.96
-
308 Leanne Drive Georgetown, TX 4
- 4 beds 3 baths ∙ 2,464 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,464 Sqft ∙ Built 2006
![property image]()
LEASED 10/13/20- Rent
- Rent Per SQFT
- $1,975
- $0.80
PROPERTY LISTING DETAILS
1.512.271.3831
Century Communities - Crotx
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 4195430
Last Updated: 12/23/2020
