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617 Peace Pipe Way 
Georgetown, TX
78628
4 Beds 3 Baths 2,193 sqft
Built 2020
INVESTimate
$329,490
List Price
$89,315
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PROPERTY INFO
FACTS
- Built In 2020
- Price/Sqft : $150.25
- 3 Days on Market
- MLS # : 7120977
- Updated Date : 08/24/2020 at 16:57
CONSTRUCTION
- Beds : 4
- Floor Size : 2,193 sqft
- Baths : 2 full , 1 half
Listing Agent
D.r. Horton, America's Builder
Listing Agent's Description
UNDER CONSTRUCTION - EST. COMPLETION IN MAR 2021. Featuring 10' ceilings in the family room and ample space with 4 bedrooms, a study & a game room. Oversized home site with mature oak tree overlooking a greenspace. Photos don't show the upscale features, like frameless shower and 8' interior/exterior doors, 42" kitchen cabinets with hardware, and much more. Call to see this gorgeous home on a beautiful home site!
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: 78628
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 78628
* 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 | $2,260 |
| EXPENSES | Loan Payment | -$1,216 |
| Property Tax | -$666 | |
| Property Insurance | -$150 | |
| HOA | -$33 | |
| Property Management Fees | -$181 | |
|
CASH FLOW
$14
|
||
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.
$329,490
PROJECTED PRICE
$2,260
PROJECTED RENT
0.69%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.79% |
| Appreciation Year (1-5) | 5.75% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.80% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$89,315
LOAN DETAILS
$1,216
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $82,373 |
| Loan Amount | $247,118 |
4.33
YEARS SAVED
$16,477
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,260
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$2,198
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
617 Peace Pipe Way Georgetown, 2
- 4 beds 3 baths ∙ 2,193 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,193 Sqft ∙ Built 2020
![property image]()
- Rent
- Rent Per SQFT
- $2,260
- $1.03
-
3313 W State Highway 29 Georgetown, 1
- 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1993
![property image]()
LEASED 05/25/20- Rent
- Rent Per SQFT
- $1,850
- $0.97
-
816 Desaix Dr Georgetown, 3
- 3 beds 3 baths ∙ 2,245 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,245 Sqft ∙ Built 2018
![property image]()
LEASED 04/13/20- Rent
- Rent Per SQFT
- $2,295
- $1.02
-
210 Cassidy Dr Georgetown, 4
- 3 beds 3 baths ∙ 2,344 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,344 Sqft ∙ Built 1995
![property image]()
LEASED 07/24/20- Rent
- Rent Per SQFT
- $2,300
- $0.98
-
112 Cross Mountain Trl Georgetown, 5
- 3 beds 3 baths ∙ 2,398 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,398 Sqft ∙ Built 2018
![property image]()
LEASED 01/15/20- Rent
- Rent Per SQFT
- $2,500
- $1.04
PROPERTY LISTING DETAILS
1.512.270.6196
D.r. Horton, America's Builder
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 7120977
Last Updated: 08/24/2020
