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102 Bella Sole Shenandoah, TX 77381

4 Beds 4 Baths 2,664 sqft Built 2009

$359,000

List Price

$2,700

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $134.76
  • 5 Days on Market
  • MLS # : 15602445
  • Updated Date : 11/18/2020 at 09:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,664 sqft
  • Baths : 3 full , 1 half
Listing Agent

Exp Realty, Llc

Listing Agent's Description

Fall in love from the curb! Beautiful brick two story home on a sprawling corner lot w/ 3 car garage in Tuscany Woods. Updated & lovingly maintained home features an open & very functional floor plan including soaring ceilings w/ tons of natural light. Large primary + en suite bath has crown molding, granite counters, separate tub & walk-in shower, updated lighting & plumbing fixtures + huge walk-in closet. Spacious island kitchen is open to living area & includes stainless appliances w/ gas cook top, recessed lighting, breakfast bar & dedicated breakfast area. Upstairs features a large game room for the kiddos. Each guest bedroom is spacious w/ plenty of closet space. Jack & Jill bathroom plus one bedroom w/ en-suite bath. The exterior is beautifully landscaped & also has a full sprinkler system w/ new fencing & French drain system. Fantastic family friendly neighborhood w/ great schools & easy access to I45 & all the shopping, dining and medical of The Woodlands. Low tax rate!

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: Shenandoah

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k313k

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

Neighborhood: Shenandoah

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10722989

* 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
Lamar Elementary School Primary Regular 713 41 7
Knox Junior High School Middle Regular 1,252 71 9
The Woodlands College Park High School High Regular 2,794 161 9

Lamar Elementary School

  • Education Level: Primary
  • # of students: 713
  • # of teachers: 41
7
GreatSchools Rating

Knox Junior High School

  • Education Level: Middle
  • # of students: 1,252
  • # of teachers: 71
9
GreatSchools Rating

The Woodlands College Park High School

  • Education Level: High
  • # of students: 2,794
  • # of teachers: 161
9
GreatSchools Rating
 

$323,100$394,900$359,000

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,700
EXPENSES Loan Payment -$1,325
Property Tax -$634
Property Insurance -$181
HOA -$33
Property Management Fees -$99
CASH FLOW
$428

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.

$359,000

PROJECTED PRICE

$2,700

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 3.4%
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$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$100,885

INVESTMENT

$100,885

Down Payment
$89,750
Rehab Estimate
$5,750
Closing Costs
$5,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,325

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,750
Loan Amount $269,250
See What Happens When You Reinvest Cash Flow

8.33

YEARS SAVED

$46,669

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,700

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,724

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,6003$2,7004$2,8505$3,400
$3,400
RENT COMPS ANALYSIS
  • 102 Bella Sole Shenandoah, TX 3
    • 4 beds 4 baths ∙ 2,664 Sqft ∙ Built 2009 4 beds 4 baths ∙ 2,664 Sqft ∙ Built 2009
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.01
    •  
  • 123 Zephyr Bend Place The Woodlands, TX 1
    • 3 beds 3 baths ∙ 2,554 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,554 Sqft ∙ Built 2002
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.90
    •  
  • 18 E Tapestry Park Circle The Woodlands, TX 2
    • 3 beds 3 baths ∙ 2,693 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,693 Sqft ∙ Built 2005
    property image
    LEASED 12/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.97
    •  
  • 30 Rymwick Court The Woodlands, TX 4
    • 3 beds 3 baths ∙ 2,786 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,786 Sqft ∙ Built 2002
    property image
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.02
    •  
  • 215 Willow Street Shenandoah, TX 5
    • 4 beds 4 baths ∙ 2,843 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,843 Sqft ∙ Built 2016
    property image
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.20
    •  
PROPERTY LISTING DETAILS
Jake Johnston
1.281.660.4797
Exp Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 15602445
Last Updated: 11/18/2020
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