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808 Jasmine Trail Georgetown, TX 78626

3 Beds 2 Baths 1,339 sqft Built 1996

$249,900

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $186.63
  • 5 Days on Market
  • MLS # : 1160086
  • Updated Date : 11/01/2020 at 15:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,339 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Don't miss your chance to live in this beautifully updated home in Georgetown! Completely move-in ready with 3 bedrooms, 2 bathrooms, and a single level floor plan. No expense was spared in upgrading this home! Updates include brand new roof, brand new carpeting and pad, brand new wood-like vinyl flooring, designer hardware and fixtures, and two tone interior paint throughout. Make your entrance into the open living space with abundant natural lighting and vaulted ceilings. The bright kitchen features brand new stainless steel appliances, upgraded cabinet finishes, plus plenty of storage space. The master bedroom and two guest bedrooms are spacious and bright, each with very generous closets. Head outside to take in your beautiful private backyard - perfect for entertaining! Amazing neighborhood with easy access to schools, shopping, entertainment, and more!

SEE MORE

MARKET HIGHLIGHTS

  • 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

Neighborhood: Crystal Knoll

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $108k315k

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

Neighborhood: Crystal Knoll

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500160017001800Rent in $7811816

* 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
Pat Cooper Elementary School Primary Regular 586 40 3
Charles A. Forbes Middle School Middle Regular 735 46 3
Georgetown High School High Regular 1,822 121 5

Pat Cooper Elementary School

  • Education Level: Primary
  • # of students: 586
  • # of teachers: 40
3
GreatSchools Rating

Charles A. Forbes Middle School

  • Education Level: Middle
  • # of students: 735
  • # of teachers: 46
3
GreatSchools Rating

Georgetown High School

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

$224,910$274,890$249,900

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$922
Property Tax -$490
Property Insurance -$102
HOA -$7
Property Management Fees -$110
CASH FLOW
-$261

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.

$249,900

PROJECTED PRICE

$1,370

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 7.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.72%
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

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$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$157

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,419

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3703$1,3754$1,395
$1,395
RENT COMPS ANALYSIS
  • 808 Jasmine Trail Georgetown, TX 2
    • 3 beds 2 baths ∙ 1,339 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,339 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $1.02
    •  
  • 225 Juniper Dr Georgetown, TX 1
    • 3 beds 2 baths ∙ 1,219 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,219 Sqft ∙ Built 1999
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.11
    •  
  • 1024 Drovers Cove Georgetown, TX 3
    • 3 beds 3 baths ∙ 1,340 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,340 Sqft ∙ Built 2013
    LEASED 07/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $1.03
    •  
  • 302 Caladium Ct Georgetown, TX 4
    • 4 beds 2 baths ∙ 1,308 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,308 Sqft ∙ Built 1996
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.07
    •  
PROPERTY LISTING DETAILS
Schuyler Williamson
1.512.437.1059
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 1160086
Last Updated: 11/01/2020
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