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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $125.98
- 6 Days on Market
- MLS # : 76569891
- Updated Date : 01/29/2021 at 17:26
CONSTRUCTION
- Beds : 4
- Floor Size : 2,210 sqft
- Baths : 2 full , 1 half
Listing Agent
Turner Mangum,llc
Listing Agent's Description
NEW CONSTRUCTION by Rausch Coleman Homes| Boasting nearly 2,210 SF, this Stunning Two-Story sits on an OVERSIZED Homesite, featuring an Open Floor-Plan w/ Raised Ceilings, Tastefully upgraded Cabinetry, 3 Car Garage, No Back Neighbors, Covered Patio, & 4 ample sized Bedrooms| 2.5 Baths. Lakes At Black Oak is a new Magnolia community, carved into a natural, serene setting. Residents will enjoy the natural amenities of a community lake and recreational amenities including childrens park,splash pad, & soccer field. LOCATION is minutes away from The Woodlands, ideally situated between I-45 and 249. Rausch Coleman is a nationally renowned builder known for their customer & integrity driven homes!
SEE MORE
- 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
Zip Code: 77354
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 77354
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,130 |
| EXPENSES | Loan Payment | -$967 |
| Property Tax | -$490 | |
| Property Insurance | -$155 | |
| HOA | -$56 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$363
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.
$278,420
PROJECTED PRICE
$2,130
PROJECTED RENT
0.77%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 3.9% |
| Maintenance Year (1-5) | 3.00% |
| 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
$75,781
LOAN DETAILS
$967
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $69,605 |
| Loan Amount | $208,815 |
9.17
YEARS SAVED
$38,280
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,130
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$2,088
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
115 Valiant Ridge Trail Magnolia, TX 3
- 4 beds 3 baths ∙ 2,210 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,210 Sqft ∙ Built 2021
- Rent
- Rent Per SQFT
- $2,130
- $0.96
-
11 Fox Chapel Place The Woodlands, TX 1
- 3 beds 2 baths ∙ 2,043 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,043 Sqft ∙ Built 2005
LEASED 11/18/20- Rent
- Rent Per SQFT
- $1,950
- $0.95
-
123 N Archwyck Circle The Woodlands, TX 2
- 3 beds 3 baths ∙ 2,326 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,326 Sqft ∙ Built 2006
LEASED 08/13/20- Rent
- Rent Per SQFT
- $2,100
- $0.90
-
111 Regan Mead Court The Woodlands, TX 4
- 4 beds 3 baths ∙ 2,409 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,409 Sqft ∙ Built 2005
LEASED 08/16/20- Rent
- Rent Per SQFT
- $2,250
- $0.93
-
14 Red Adler Place The Woodlands, TX 5
- 4 beds 3 baths ∙ 2,340 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,340 Sqft ∙ Built 2005
LEASED 01/15/21- Rent
- Rent Per SQFT
- $2,350
- $1.00
PROPERTY LISTING DETAILS
Turner Mangum,llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 76569891
Last Updated: 01/29/2021
