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72 Rancho Trail Georgetown, TX 78628

4 Beds 5 Baths 2,993 sqft Built 2020

$490,725

List Price

$2,620

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $163.96
  • 5 Days on Market
  • MLS # : 8539983
  • Updated Date : 12/02/2020 at 18:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,993 sqft
  • Baths : 4 full , 1 half
Listing Agent

Move Up America Llc

Listing Agent's Description

This stately home w/5 bedrooms and a game room has everything! The kitchen with 2 large islands sits between the formal dining & family rooms! You’ll find tons of beautiful white kitchen cabs, canopy hood, herringbone backsplash & quartz counters plus a modern zero radius sink. Other upgrades include extra disk lighting, vinyl plank flooring, gas drop, water softener loop, and a cornerstone gas fireplace! For details. *photos & virtual tour represent floor plan only*

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Bill Burden Elementary School Primary Regular 674 47 7
Liberty Hill Junior High School Middle Regular 501 34 8
Liberty Hill High School High Regular 1,015 63 6

Bill Burden Elementary School

  • Education Level: Primary
  • # of students: 674
  • # of teachers: 47
7
GreatSchools Rating

Liberty Hill Junior High School

  • Education Level: Middle
  • # of students: 501
  • # of teachers: 34
8
GreatSchools Rating

Liberty Hill High School

  • Education Level: High
  • # of students: 1,015
  • # of teachers: 63
6
GreatSchools Rating
 

$441,653$539,798$490,725

PURCHASE PRICE

$2,358$2,882$2,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,620
EXPENSES Loan Payment -$1,811
Property Tax -$991
Property Insurance -$195
HOA -$52
Property Management Fees -$99
CASH FLOW
-$528

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.

$490,725

PROJECTED PRICE

$2,620

PROJECTED RENT

0.53%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$12k-$10k-$8.0k-$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$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,042

INVESTMENT

$132,042

Down Payment
$122,681
Rehab Estimate
$2,000
Closing Costs
$7,361

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,811

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $122,681
Loan Amount $368,044
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$678

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,620

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,596

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3503$2,5504$2,6005$2,620
$2,620
RENT COMPS ANALYSIS
  • 72 Rancho Trail Georgetown, TX 5
    • 4 beds 5 baths ∙ 2,993 Sqft ∙ Built 2020 4 beds 5 baths ∙ 2,993 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,620
    • $0.88
    •  
  • 212 Grosseto Lane Georgetown, TX 1
    • 4 beds 3 baths ∙ 2,829 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,829 Sqft ∙ Built 2012
    property image
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.81
    •  
  • 621 Cortona Lane Georgetown, TX 2
    • 4 beds 3 baths ∙ 2,655 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,655 Sqft ∙ Built 2017
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.89
    •  
  • 2304 La Mirada Street Leander, TX 3
    • 4 beds 3 baths ∙ 3,002 Sqft ∙ Built 2018 4 beds 3 baths ∙ 3,002 Sqft ∙ Built 2018
    property image
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.85
    •  
  • 2401 Carretera Drive Leander, TX 4
    • 4 beds 3 baths ∙ 2,838 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,838 Sqft ∙ Built 2019
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.92
    •  
PROPERTY LISTING DETAILS
Daisy Lopez
1.512.995.5326
Move Up America Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 8539983
Last Updated: 12/02/2020
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