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

10819 Woodwind Shadows Drive Cypress, TX 77433

3 Beds 2 Baths 1,699 sqft Built 2013

$220,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $129.49
  • 7 Days on Market
  • MLS # : 71875574
  • Updated Date : 03/10/2021 at 18:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,699 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Beautiful and bright 3bedroom, 2bath one-story home in the Riata West community. Open concept living space from dining room to living room to the kitchen, that the view and life just flows in. Open and inviting living room in the heart of the home. You will want to gather friends and family here! With sleek black appliances and great counter space in the kitchen, even the self-taught cook has plenty of room to get creative here. Low HOA fees! You will fall in love at first sight! In prime location by being close to 290 and 20 minute walk to Towne Lake Boardwalk for dining and shopping. Zoned to Excellent rated schools. This home is calling you and ready for you to move in. It's a MUST SEE showing so call today!

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: Riata West

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $107k305k

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

Neighborhood: Riata West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10682063

* 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
Woodard Elementary School Primary Regular NA
Spillane Middle School Middle Regular 1,393 78 10
Cypress Ranch High School High Regular 3,456 194 9

Woodard Elementary School

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

Spillane Middle School

  • Education Level: Middle
  • # of students: 1,393
  • # of teachers: 78
10
GreatSchools Rating

Cypress Ranch High School

  • Education Level: High
  • # of students: 3,456
  • # of teachers: 194
9
GreatSchools Rating
 

$198,000$242,000$220,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$764
Property Tax -$524
Property Insurance -$142
HOA -$50
Property Management Fees -$99
CASH FLOW
$71

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.

$220,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 7.8%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$764

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$5,738

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,691

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6503$1,7004$1,7005$1,700
$1,700
RENT COMPS ANALYSIS
  • 10819 Woodwind Shadows Drive Cypress, TX 2
    • 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.97
    •  
  • 10710 Barker View Drive Cypress, TX 1
    • 3 beds 2 baths ∙ 1,659 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,659 Sqft ∙ Built 2012
    property image
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.96
    •  
  • 10910 Woodwind Shadows Drive Cypress, TX 3
    • 4 beds 2 baths ∙ 1,837 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,837 Sqft ∙ Built 2013
    property image
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.93
    •  
  • 10927 Barker Gate Court Cypress, TX 4
    • 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 2010
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.04
    •  
  • 10818 Barker View Drive Cypress, TX 5
    • 3 beds 2 baths ∙ 1,613 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,613 Sqft ∙ Built 2012
    property image
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.05
    •  
PROPERTY LISTING DETAILS
Cristina Sigarrostegui
1.713.828.5141
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 71875574
Last Updated: 03/10/2021
BESbswy