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 1990
- Price/Sqft : $105.14
- 75 Days on Market
- MLS # : 35453859
- Updated Date : 12/18/2020 at 19:32
CONSTRUCTION
- Beds : 4
- Floor Size : 2,472 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Platinum
Listing Agent's Description
Entertain your family & friends this holiday season in your new home located at 1108 Woodchase Dr in Sunset Meadows-Nasawood Sub in Pearland. With 2400+SF, this home is turn-key & ready for new memories to be made. Enter into the 2 story foyer which will guide you thru to the main living areas of the home. The open fml LR / DR is enveloped in natural light. The KIT offers lots of counter & cabinet space incl an island w/ storage & boasts a b-fast nook & unobstructed view of the family room w/ FP & built-ins. Head on upstairs where you will find an open space w/ built ins - perfect for a study, an office, playroom, media room, craft room…the possibilities are endless! All 4 BRs are upstairs. The huge primary ensuite has large soaking tub, separate shower & his / her sinks w/ vanity seating. Large fenced backyard is perfect for adults, kids & family pets. Don’t miss you opportunity to make your new memories here. Contact your real estate professional today for your private showing.
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: Pearland
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pearland
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,890 |
| EXPENSES | Loan Payment | -$903 |
| Property Tax | -$584 | |
| Property Insurance | -$194 | |
| HOA | -$30 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$79
|
||
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.
$259,900
PROJECTED PRICE
$1,890
PROJECTED RENT
0.73%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 7.6% |
| 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
$74,624
LOAN DETAILS
$903
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $64,975 |
| Loan Amount | $194,925 |
3.25
YEARS SAVED
$6,866
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,890
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$1,860
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
-
1108 Woodchase Drive Pearland, TX 4
- 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 1990
![property image]()
- Rent
- Rent Per SQFT
- $1,890
- $0.76
-
1012 Chesterwood Drive Pearland, TX 1
- 5 beds 3 baths ∙ 2,472 Sqft ∙ Built 1991 5 beds 3 baths ∙ 2,472 Sqft ∙ Built 1991
![property image]()
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,800
- $0.73
-
1115 Lake Shore Drive Pearland, TX 2
- 3 beds 2 baths ∙ 2,366 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,366 Sqft ∙ Built 2000
![property image]()
LEASED 06/30/20- Rent
- Rent Per SQFT
- $1,850
- $0.78
-
1023 Chesterwood Drive Pearland, TX 3
- 3 beds 3 baths ∙ 2,472 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,472 Sqft ∙ Built 1991
![property image]()
LEASED 05/14/20- Rent
- Rent Per SQFT
- $1,875
- $0.76
-
1201 Gulfton Pearland, TX 5
- 3 beds 3 baths ∙ 2,634 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,634 Sqft ∙ Built 1990
![property image]()
LEASED 04/18/20- Rent
- Rent Per SQFT
- $1,950
- $0.74
PROPERTY LISTING DETAILS
1.832.610.4290
Keller Williams Platinum
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 35453859
Last Updated: 12/18/2020
