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806 Caprock Canyon Trail Georgetown, TX 78633

2 Beds 2 Baths 1,603 sqft Built 2010

$279,900

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $174.61
  • 7 Days on Market
  • MLS # : 8174276
  • Updated Date : 12/01/2020 at 02:28
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,603 sqft
  • Baths : 2 full
Listing Agent

Kurtz Properties

Listing Agent's Description

Move-in ready home in the premier Active Adult neighborhood in Georgetown. Located on a greenbelt/walking trail lot with heavily treed back yard. Enjoy your screened in patio in all weather conditions. Hardwood floors in the living area along with built-in entertainment center and floor to ceiling gorgeous stone fireplace. Double tray ceiling and designer ceiling fan. 2nd living area also with hardwood flooring and wall shelves can be study, hobby room or TV room. The kitchen offers granite counters, built-in oven and microwave and a convenient pantry cabinet. Enjoy sunrise views thru the large bay window in the breakfast area. Master bedroom with double tray ceilings overlooks the shady back yard. The master bath features a glass block walk-in shower, separate his & her vanities and a generous sized closet with built-ins. Roof replaced 4-2020 with addition of solar powered attic vent and there is radiant barrier under roof. Gutters have leaf filter covers; Bedroom Carpet replaced 4-2020. Heritage Oaks is an over 55 Active Adult neighborhood. Home is also for lease for $1750 per month.

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

Neighborhood: Heritage Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $136k410k

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

Neighborhood: Heritage Oaks

NeighborhoodNIR 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
Jo Ann Ford Elementary School Primary Regular 552 32 8
Douglas Benold Middle School Middle Regular 825 53 5
Georgetown High School High Regular 1,822 121 5

Jo Ann Ford Elementary School

  • Education Level: Primary
  • # of students: 552
  • # of teachers: 32
8
GreatSchools Rating

Douglas Benold Middle School

  • Education Level: Middle
  • # of students: 825
  • # of teachers: 53
5
GreatSchools Rating

Georgetown High School

  • Education Level: High
  • # of students: 1,822
  • # of teachers: 121
5
GreatSchools Rating
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,033
Property Tax -$549
Property Insurance -$117
HOA -$46
Property Management Fees -$99
CASH FLOW
-$184

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.

$279,900

PROJECTED PRICE

$1,660

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.79%
Appreciation Year (1-5) 5.1%
Maintenance Year (1-5) 8.00%
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-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$3,177

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,659

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4003$1,6604$1,6955$1,750
$1,750
RENT COMPS ANALYSIS
  • 806 Caprock Canyon Trail Georgetown, TX 3
    • 2 beds 2 baths ∙ 1,603 Sqft ∙ Built 2010 2 beds 2 baths ∙ 1,603 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $1.04
    •  
  • 121 Coreopsis Way Georgetown, TX 1
    • 2 beds 2 baths ∙ 1,324 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,324 Sqft ∙ Built 1998
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.06
    •  
  • 104 Purple Sage Dr Georgetown, TX 2
    • 2 beds 2 baths ∙ 1,370 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,370 Sqft ∙ Built 1999
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.02
    •  
  • 30 Wildwood Drive #41 Georgetown, TX 4
    • 2 beds 2 baths ∙ 1,690 Sqft ∙ Built 2009 2 beds 2 baths ∙ 1,690 Sqft ∙ Built 2009
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.00
    •  
  • 111 Ne Purple Sage Dr Nw Georgetown, TX 5
    • 2 beds 2 baths ∙ 1,654 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,654 Sqft ∙ Built 2000
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.06
    •  
PROPERTY LISTING DETAILS
Mary Wells
1.512.971.0971
Kurtz Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 8174276
Last Updated: 12/01/2020
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