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 2002
- Price/Sqft : $131.87
- 2 Days on Market
- MLS # : 95655207
- Updated Date : 01/02/2021 at 14:59
CONSTRUCTION
- Beds : 4
- Floor Size : 1,895 sqft
- Baths : 2 full
Listing Agent
Re/max Integrity
Listing Agent's Description
You found the perfect single story home on a cul-de-sac! Boasting a large greenbelt lot with great privacy! New AC and Furnace Dec 2018, New roof Nov 2019, and gourmet kitchen was updated with stainless appliances and quartz counters in Sept of 2016. With a large island and plenty of storage the kitchen opens to family room featuring a gas log fireplace. The backyard has room for all your gardening, landscaping, and space to add the pool of your dreams. This premium lot maximizes your living area as well as your privacy. With a flexible floor plan that allows for 4 or 3 bedrooms and a home office. Lovingly maintained by its original owner and zoned to award winning Woodlands schools, it is only minutes to I-45, Med Center, The Mall, Mkt Street, and great dining options. Walk to the neighborhood park and hike and bike trails throughout Harpers Landing. No Flooding! Per sellers’ request there will only be showings Jan 9th and 10th. Please submit all offers by 5 pm Mon, Jan 11th.
SEE MORE
- 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)
- Houston metro contributes to 29.5% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Harper's Landing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Harper's Landing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,780 |
| EXPENSES | Loan Payment | -$922 |
| Property Tax | -$524 | |
| Property Insurance | -$137 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$99
|
||
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.
$249,900
PROJECTED PRICE
$1,780
PROJECTED RENT
0.71%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 4.1% |
| 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
$71,974
LOAN DETAILS
$922
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $62,475 |
| Loan Amount | $187,425 |
4.33
YEARS SAVED
$11,798
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,780
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$1,777
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
102 Drifting Shadows Court The Woodlands, TX 1
- 4 beds 2 baths ∙ 1,895 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,895 Sqft ∙ Built 2002
![property image]()
- Rent
- Rent Per SQFT
- $1,780
- $0.94
-
111 N Misty Dawn Drive The Woodlands, TX 2
- 4 beds 2 baths ∙ 1,937 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,937 Sqft ∙ Built 2001
![property image]()
LEASED 11/23/20- Rent
- Rent Per SQFT
- $1,800
- $0.93
-
34 S Rambling Ridge Place Conroe, TX 3
- 4 beds 2 baths ∙ 2,083 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,083 Sqft ∙ Built 2002
![property image]()
LEASED 11/05/20- Rent
- Rent Per SQFT
- $1,875
- $0.90
-
55 Shimmer Pond Place The Woodlands, TX 4
- 4 beds 2 baths ∙ 2,014 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,014 Sqft ∙ Built 2001
![property image]()
LEASED 09/17/20- Rent
- Rent Per SQFT
- $1,900
- $0.94
-
198 W Misty Dawn Drive The Woodlands, TX 5
- 4 beds 2 baths ∙ 1,937 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,937 Sqft ∙ Built 2001
![property image]()
LEASED 01/01/21- Rent
- Rent Per SQFT
- $1,900
- $0.98
PROPERTY LISTING DETAILS
1.832.350.9798
Re/max Integrity
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 95655207
Last Updated: 01/02/2021
