Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $154.40
- 69 Days on Market
- MLS # : 86721435
- Updated Date : 01/27/2021 at 09:48
CONSTRUCTION
- Beds : 4
- Floor Size : 2,976 sqft
- Baths : 2 full , 2 half
Listing Agent
Re/max The Woodlands & Spring
Listing Agent's Description
Fabulous DR Horton home on quiet cul-de-sac with pool/spa and large covered patio. This 1.5 story home boasts main floor bedrooms and an upstairs Game room with half bath. Outside is incredible landscaping with front and back uplighting. Mosquito mist system. Formal Dining room with chair rail. Family room has hardwood floors, peaceful pool views, and incredible fireplace with custom wood mantle, built-in bookshelves, and surround sound. Island Kitchen has granite counters, breakfast bar, glass-front cabinets, 2 pantries, and chef's desk. Large Breakfast room with window seat. Master is in separate wing and boasts a tray ceiling, sitting area, and en-suite bath with jetted tub, corner windows, his and hers sinks with vanity for her, private commode, separate shower, and large walk-in closet. Secondary bedrooms have hallway desk/gaming area. Roof 5 years old. New pool pump/heater. Visit https://youtu.be/OQYw_4jjfPo for a walk-through video of home and back yard!
SEE MORE
- Houston metro contributes to 29.5% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
- Houston metro's economy is worth $544.6 billion in Gross Metro Product and projected to grow to $580 billion in 2019 (USMayors.org, 2018)
- Houston metro has 63.4% labor force participation rate higher than the national rate 62.8%. The participation rate is expected to grow to 63.6% in 2020 (USMayors.org, 2018)
- Houston metro employment growth is at 1.8% and predicted to grow to 2.7% in 2019-20 (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Sterling Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sterling Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,670 |
| EXPENSES | Loan Payment | -$1,596 |
| Property Tax | -$833 | |
| Property Insurance | -$199 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$57
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.
$459,500
PROJECTED PRICE
$2,670
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 2.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.28% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$127,518
LOAN DETAILS
$1,596
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $114,875 |
| Loan Amount | $344,625 |
2.17
YEARS SAVED
$6,787
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,670
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$2,716
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
10 Pirouette Place The Woodlands, TX 3
- 4 beds 4 baths ∙ 2,976 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,976 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $2,670
- $0.90
-
15 Gilmore Grove Place The Woodlands, TX 1
- 4 beds 4 baths ∙ 2,778 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,778 Sqft ∙ Built 2005
LEASED 08/16/20- Rent
- Rent Per SQFT
- $2,450
- $0.88
-
153 E Frontera Circle The Woodlands, TX 2
- 5 beds 4 baths ∙ 2,899 Sqft ∙ Built 2006 5 beds 4 baths ∙ 2,899 Sqft ∙ Built 2006
LEASED 03/25/20- Rent
- Rent Per SQFT
- $2,600
- $0.90
-
2 Estherwood Place The Woodlands, TX 4
- 4 beds 4 baths ∙ 2,976 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,976 Sqft ∙ Built 2013
LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,800
- $0.94
-
74 W French Oaks Circle The Woodlands, TX 5
- 5 beds 5 baths ∙ 3,070 Sqft ∙ Built 2006 5 beds 5 baths ∙ 3,070 Sqft ∙ Built 2006
LEASED 08/24/20- Rent
- Rent Per SQFT
- $2,850
- $0.93
PROPERTY LISTING DETAILS
1.713.899.9255
Re/max The Woodlands & Spring
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 86721435
Last Updated: 01/27/2021
