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101 E Montfair Boulevard The Woodlands, TX 77382

4 Beds 3 Baths 2,683 sqft Built 2007

$350,000

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $130.45
  • 4 Days on Market
  • MLS # : 56619271
  • Updated Date : 03/18/2021 at 18:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,683 sqft
  • Baths : 3 full
Listing Agent

Greenforest Properties

Listing Agent's Description

Charming Village Builders 2 story home, 4 bedrooms, 3 full baths, formal dining, study and spacious family room with high ceilings, fireplace and, lovely wood floors throughout the living area. The kitchen features granite countertops, decorative backsplash, a kitchen island, and SS appliances. Close to shopping, schools, library, and YMCA

SEE MORE

MARKET HIGHLIGHTS

  • Houston metro employment growth is at 1.8% and predicted to grow to 2.7% in 2019-20 (USMayors.org, 2018)
  • 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)

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
Mccullough Junior High School Middle Regular 2,229 120 10
The Woodlands High School Senior Campus High Regular 4,142 228 9
Mccullough Junior High School Middle Unknown NA

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

Mccullough Junior High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,216
Property Tax -$687
Property Insurance -$182
Property Management Fees -$99
CASH FLOW
-$13

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.

$350,000

PROJECTED PRICE

$2,170

PROJECTED RENT

0.62%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$5,735

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,170

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,368

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1703$2,3504$2,5505$2,600
$2,600
RENT COMPS ANALYSIS
  • 101 E Montfair Boulevard The Woodlands, TX 2
    • 4 beds 3 baths ∙ 2,683 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,683 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $0.81
    •  
  • 78 N Planchard The Woodlands, TX 1
    • 4 beds 3 baths ∙ 2,552 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,552 Sqft ∙ Built 2006
    property image
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.82
    •  
  • 15 Gilmore Grove Place The Woodlands, TX 3
    • 4 beds 4 baths ∙ 2,778 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,778 Sqft ∙ Built 2005
    property image
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.85
    •  
  • 14 Frontera Circle The Woodlands, TX 4
    • 4 beds 3 baths ∙ 2,770 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,770 Sqft ∙ Built 2007
    property image
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.92
    •  
  • 14 Griffin Hill Court The Woodlands, TX 5
    • 4 beds 4 baths ∙ 2,778 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,778 Sqft ∙ Built 2006
    property image
    LEASED 03/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.94
    •  
PROPERTY LISTING DETAILS
Elizabeth Fernandez
1.832.630.5251
Greenforest Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 56619271
Last Updated: 03/18/2021
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