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111 Fox Trail Road Montgomery, TX 77316

4 Beds 3 Baths 2,644 sqft Built 2018

$334,999

List Price

$2,300

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $126.70
  • 6 Days on Market
  • MLS # : 68776764
  • Updated Date : 12/05/2020 at 10:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,644 sqft
  • Baths : 3 full
Listing Agent

Bhgre Gary Greene

Listing Agent's Description

Welcome home to your newly built Chesmar home located in a cul-de-sac! Upon entering 111 Fox Trail, you are greeted by a two story entryway with flowing upgraded flooring that lead you to your new home office. After entering your two story living room you will love the natural light coming from the floor-to-ceiling windows and a custom barn wood door. A large upgraded kitchen features ample amount of seating, large island, endless amounts of counter space, upgraded hardware on cabinetry, stainless steel GE appliances, granite countertops, and upgraded backsplash! Your primary bathroom features a walk-in shower and dual sinks. Primary walk-in closet features access to your utility room! Up stairs you will find two bedrooms with a spacious game room. Entertaining will be easy with this large backyard and covered brick floor patio! Enjoy all that Woodforest has to offer with the parks, restaurants, golfing, and future Harvest Market. Call today for your private showing!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Woodforest

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $113k451k

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

Neighborhood: Woodforest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10722693

* 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
Rice Elementary School Primary Regular 666 40 4
Peet Junior High School Middle Regular 1,211 79 6
Conroe High School High Regular 3,480 215 4

Rice Elementary School

  • Education Level: Primary
  • # of students: 666
  • # of teachers: 40
4
GreatSchools Rating

Peet Junior High School

  • Education Level: Middle
  • # of students: 1,211
  • # of teachers: 79
6
GreatSchools Rating

Conroe High School

  • Education Level: High
  • # of students: 3,480
  • # of teachers: 215
4
GreatSchools Rating
 

$301,499$368,499$334,999

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$1,236
Property Tax -$675
Property Insurance -$180
HOA -$96
Property Management Fees -$99
CASH FLOW
$14

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.

$334,999

PROJECTED PRICE

$2,300

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 1.9%
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

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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,750
Loan Amount $251,249
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$7,316

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,300

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,340

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1003$2,1904$2,3005$2,500
$2,500
RENT COMPS ANALYSIS
  • 111 Fox Trail Road Montgomery, TX 4
    • 4 beds 3 baths ∙ 2,644 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,644 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.87
    •  
  • 122 Colton Court Montgomery, TX 1
    • 3 beds 3 baths ∙ 2,466 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,466 Sqft ∙ Built 2013
    LEASED 07/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.85
    •  
  • 275 Capriccio Lane Montgomery, TX 2
    • 3 beds 3 baths ∙ 2,456 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,456 Sqft ∙ Built 2018
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.86
    •  
  • 180 Cherry Oak Lane Montgomery, TX 3
    • 3 beds 3 baths ∙ 2,350 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,350 Sqft ∙ Built 2014
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $0.93
    •  
  • 182 Jaxxon Pointe Drive Montgomery, TX 5
    • 4 beds 4 baths ∙ 2,790 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,790 Sqft ∙ Built 2013
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.90
    •  
PROPERTY LISTING DETAILS
Austin Sturrock
1.409.782.5760
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 #: 68776764
Last Updated: 12/05/2020
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