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107 S Wynnoak Circle The Woodlands, TX 77382

3 Beds 2 Baths 1,999 sqft Built 1999

$318,000

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $159.08
  • 6 Days on Market
  • MLS # : 13044962
  • Updated Date : 02/06/2021 at 18:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,999 sqft
  • Baths : 2 full
Listing Agent

Re/max The Woodlands & Spring

Listing Agent's Description

Amazing single story 3 bedroom, 2 full bath home with a pool is looking for a new family. The home features tall ceilings throughout the home with crown molding in many rooms, plantation shutters in the formal dining The kitchen features granite counter tops with a center island, tall cabinets, and stainless steel appliances. The breakfast area features a large sitting window. The New Andersen Windows in the living room and primary bedroom overlook the tranquil backyard pool. New pool pump 2021, New roof in 2017 and the pool interior was upgraded in 2015. There is a gas connection for an outdoor grill. Extra storage throughout the home and much more. Schedule your private showing today. This gorgeous home will not last long!

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: Alden Bridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $113k391k

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

Neighborhood: Alden Bridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10722322

* 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
Buckalew Elementary School Primary Regular 698 39 10
Mccullough Junior High School Middle Regular 2,229 120 10
The Woodlands High School Senior Campus High Regular 4,142 228 9

Buckalew Elementary School

  • Education Level: Primary
  • # of students: 698
  • # of teachers: 39
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
 

$286,200$349,800$318,000

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,105
Property Tax -$632
Property Insurance -$143
Property Management Fees -$99
CASH FLOW
$131

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.

$318,000

PROJECTED PRICE

$2,110

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 2.9%
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$900k

PROJECTED ANNUAL CASH FLOW

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

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$90,020

INVESTMENT

$90,020

Down Payment
$79,500
Rehab Estimate
$5,750
Closing Costs
$4,770

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,105

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,500
Loan Amount $238,500
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$13,486

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,944

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9503$2,0504$2,1105$2,120
$2,120
RENT COMPS ANALYSIS
  • 107 S Wynnoak Circle The Woodlands, TX 4
    • 3 beds 2 baths ∙ 1,999 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,999 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $1.06
    •  
  • 151 W Sundance Circle Spring, TX 1
    • 4 beds 3 baths ∙ 2,162 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,162 Sqft ∙ Built 1999
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.90
    •  
  • 174 N Wynnoak Circle The Woodlands, TX 2
    • 4 beds 3 baths ∙ 1,944 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,944 Sqft ∙ Built 1999
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.00
    •  
  • 191 Shale Run Place The Woodlands, TX 3
    • 4 beds 3 baths ∙ 2,005 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,005 Sqft ∙ Built 1999
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.02
    •  
  • 66 S Wynnoak Circle The Woodlands, TX 5
    • 4 beds 2 baths ∙ 2,177 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,177 Sqft ∙ Built 1999
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $0.97
    •  
PROPERTY LISTING DETAILS
Steven Lips
1.832.928.1064
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 #: 13044962
Last Updated: 02/06/2021
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