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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $155.82
- 4 Days on Market
- MLS # : 20713489
- Updated Date : 02/04/2021 at 16:43
CONSTRUCTION
- Beds : 3
- Floor Size : 1,983 sqft
- Baths : 2 full
Listing Agent
Direct Real Estate Group
Listing Agent's Description
THIS one is perfect and ready to go! Recent complete kitchen remodel with new cabinetry, soft close drawers, stainless steel appliances, breakfast bar, induction cook top, built in ovens and oversized s/s sink. A recent Austin stone fireplace and built ins in Family Room that opens to the Kitchen. Fresh interior paint. HVAC replaced in 2019. Upgraded lighting throughout. Granite throughout. Complete master bath remodel with glass shower enclosure and tumbled marble accents. Engineered hardwood throughout the home! Nice brick paver patio takes you to the large backyard. This home is located super conveniently to FM 1488, grocery shopping, restaurants and quick access to I-45. Welcome Home! Come see it today!
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Alden Bridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,980 |
| EXPENSES | Loan Payment | -$1,073 |
| Property Tax | -$606 | |
| Property Insurance | -$142 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$60
|
||
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.
$309,000
PROJECTED PRICE
$1,980
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$87,635
LOAN DETAILS
$1,073
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $77,250 |
| Loan Amount | $231,750 |
3.33
YEARS SAVED
$8,788
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,980
LIST RENT -
$1
LIST RENT PER SQFT
-
$1,978
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
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- 3 beds 2 baths ∙ 1,983 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,983 Sqft ∙ Built 2001
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- Rent Per SQFT
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143 E Foxbriar Forest Circle The Woodlands, TX 1
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- $1,700
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11 Teakwood Place Conroe, TX 2
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LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,750
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-
30 Hermit Thrush Place The Woodlands, TX 3
- 3 beds 2 baths ∙ 1,843 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,843 Sqft ∙ Built 2004
LEASED 12/11/20- Rent
- Rent Per SQFT
- $1,900
- $1.03
-
23 N Merryweather Circle The Woodlands, TX 4
- 3 beds 2 baths ∙ 1,834 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,834 Sqft ∙ Built 2001
LEASED 01/28/21- Rent
- Rent Per SQFT
- $1,950
- $1.06
PROPERTY LISTING DETAILS
1.936.718.1060
Direct Real Estate Group
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 20713489
Last Updated: 02/04/2021
