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217 Star Spangled Dr 
Liberty Hill, TX
78642
4 Beds 3 Baths 2,198 sqft
Built 2020
INVESTimate
$284,900
List Price
$77,499
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PROPERTY INFO
FACTS
- Built In 2020
- Price/Sqft : $129.62
- 2 Days on Market
- MLS # : 7820698
- Updated Date : 08/25/2020 at 13:26
CONSTRUCTION
- Beds : 4
- Floor Size : 2,198 sqft
- Baths : 2 full , 1 half
Listing Agent
Lgi Homes
Listing Agent's Description
The Shelby plan is a 2-story home with 4 bedrooms, 2.5 baths, an attached 2-car garage and thousands of dollars in upgrades. Stainless-steel kitchen appliances, granite countertops, designer wood cabinetry with crown molding, blinds throughout and a WiFi-enabled garage door opener are just a few of the remarkable upgrades included in this home. Outside, the Shelby plan has a large covered patio, a fully fenced backyard, a covered entryway, front yard landscaping and a gorgeous brick and stone exterior.
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: 78642
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 78642
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,000 |
| EXPENSES | Loan Payment | -$1,051 |
| Property Tax | -$556 | |
| Property Insurance | -$151 | |
| HOA | -$50 | |
| Property Management Fees | -$160 | |
|
CASH FLOW
$32
|
||
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.
$284,900
PROJECTED PRICE
$2,000
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 4.05% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.72% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$77,499
LOAN DETAILS
$1,051
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $71,225 |
| Loan Amount | $213,675 |
4.5
YEARS SAVED
$15,478
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,000
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$2,006
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
217 Star Spangled Dr Liberty Hill, 5
- 4 beds 3 baths ∙ 2,198 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,198 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $2,000
- $0.91
-
200 Freedom Park Ave Liberty Hill, 1
- 4 beds 2 baths ∙ 2,005 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,005 Sqft ∙ Built 2018
LEASED 11/02/19- Rent
- Rent Per SQFT
- $1,795
- $0.90
-
108 Freedom Park Ave Liberty Hill, 2
- 4 beds 2 baths ∙ 2,025 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,025 Sqft ∙ Built 2019
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,895
- $0.94
-
317 Independence Ave Liberty Hill, 3
- 4 beds 2 baths ∙ 2,103 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,103 Sqft ∙ Built 2018
LEASED 07/27/20- Rent
- Rent Per SQFT
- $1,994
- $0.95
-
121 Freedom Park Ave Liberty Hill, 4
- 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 2019
LEASED 03/15/20- Rent
- Rent Per SQFT
- $2,000
- $0.86
PROPERTY LISTING DETAILS
1.800.846.3085
Lgi Homes
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 7820698
Last Updated: 08/25/2020
