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

11 Wild Aster Court The Woodlands, TX 77382

4 Beds 3 Baths 2,727 sqft Built 1998

$409,900

List Price

$2,460

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $150.31
  • 6 Days on Market
  • MLS # : 70008201
  • Updated Date : 02/27/2021 at 17:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,727 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bhgre Gary Greene

Listing Agent's Description

Gorgeous Craftsman style Lifeforms home for sale in The Woodlands, Alden Bridge. Located on a quiet Cul-de-Sac street this beautiful home features 4 bedrooms, 2.5 bathrooms, sparkling pool/spa and a 3 car wide garage! Island kitchen features granite counters, stainless steel appliances and a gas cooktop! Refrigerator stays with the home! The large picture window overlooks the tranquil garden and is accessible through the recently added (2020) double pane sliding Pella doors! The open concept home is light and bright and has soaring ceilings and an abundance of windows! Both AC units replaced in 2019, Water Heater replaced 2017, neutral tile floors added 2018! Oak Wood staircase and all new flooring upstairs added 2020! Updated powder room completed 2020! Huge 3 car wide garage! The home is zoned and a short walk to Buckalew Elementary school! Close to Lakeside Park, bike path and trails, shopping, dining and so much more!

SEE MORE

MARKET HIGHLIGHTS

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

$368,910$450,890$409,900

PURCHASE PRICE

$2,214$2,706$2,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,460
EXPENSES Loan Payment -$1,424
Property Tax -$815
Property Insurance -$185
Property Management Fees -$99
CASH FLOW
-$63

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.

$409,900

PROJECTED PRICE

$2,460

PROJECTED RENT

0.60%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,374

INVESTMENT

$114,374

Down Payment
$102,475
Rehab Estimate
$5,750
Closing Costs
$6,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,424

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $102,475
Loan Amount $307,425
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$5,077

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,460

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,557

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4503$2,4604$2,5505$2,800
$2,800
RENT COMPS ANALYSIS
  • 11 Wild Aster Court The Woodlands, TX 3
    • 4 beds 3 baths ∙ 2,727 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,727 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,460
    • $0.90
    •  
  • 18 Egan Lake Place Spring, TX 1
    • 4 beds 4 baths ∙ 2,661 Sqft ∙ Built 2000 4 beds 4 baths ∙ 2,661 Sqft ∙ Built 2000
    LEASED 09/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.90
    •  
  • 178 Brooksedge Court The Woodlands, TX 2
    • 4 beds 2 baths ∙ 2,797 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,797 Sqft ∙ Built 1999
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.88
    •  
  • 15 Teak Mill Place Place The Woodlands, TX 4
    • 4 beds 3 baths ∙ 2,540 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,540 Sqft ∙ Built 1998
    LEASED 09/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.00
    •  
  • 23 Rockledge Drive The Woodlands, TX 5
    • 3 beds 4 baths ∙ 2,873 Sqft ∙ Built 2000 3 beds 4 baths ∙ 2,873 Sqft ∙ Built 2000
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.97
    •  
PROPERTY LISTING DETAILS
Anne Werner
1.281.413.7624
Bhgre Gary Greene
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 70008201
Last Updated: 02/27/2021
BESbswy