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10 Pirouette Place The Woodlands, TX 77382

4 Beds 4 Baths 2,976 sqft Built 2005

$459,500

List Price

$2,670

$2.4K - $2.9K

Rent Est.

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

MARKET HIGHLIGHTS

  • 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

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $113k491k

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

Neighborhood: Sterling Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10723113

* 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
Tough Elementary School Primary Regular 1,011 61 10
Mccullough Junior High School Middle Regular 2,229 120 10
The Woodlands High School Senior Campus High Regular 4,142 228 9

Tough Elementary School

  • Education Level: Primary
  • # of students: 1,011
  • # of teachers: 61
10
GreatSchools Rating

Mccullough Junior High School

  • Education Level: Middle
  • # of students: 2,229
  • # of teachers: 120
10
GreatSchools Rating

The Woodlands High School Senior Campus

  • Education Level: High
  • # of students: 4,142
  • # of teachers: 228
9
GreatSchools Rating
 

$413,550$505,450$459,500

PURCHASE PRICE

$2,403$2,937$2,670

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,518

INVESTMENT

$127,518

Down Payment
$114,875
Rehab Estimate
$5,750
Closing Costs
$6,893

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,596

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $114,875
Loan Amount $344,625
See What Happens When You Reinvest Cash Flow

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
$2,450
1$2,4502$2,6003$2,6704$2,8005$2,850
$2,850
RENT COMPS ANALYSIS
  • 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
Ray Larson
1.713.899.9255
Re/max The Woodlands & Spring
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 86721435
Last Updated: 01/27/2021
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