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119 Chandler Court Sugar Land, TX 77479

4 Beds 3 Baths 2,249 sqft Built 1994

INVESTimate

$237,000

List Price

$1,770

$1,593 - $1,947

Rent Est.

$242,333  ( +2.25%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1994
  • Price/Sqft : $105.38
  • 34 Days on Market
  • MLS # : 36358899
  • Updated Date : 08/22/2020 at 09:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,249 sqft
  • Baths : 2 full , 1 half
Listing Agent

Champions Real Estate Group

Listing Agent's Description

Charming 2 story 4 bedroom home on a Cul-De-Sac street. This home has granite in bathroom and hardwood floors in the living room and carpet in the bedrooms. Recent roof, AC and water heater in a sought after location in New Territory. Easy access to Hwy 90, 99, and 59. All measurements are approximate, please verify independtly. Possible owner finance! Come and check it out for yourself!

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: New Territory

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $113k366k

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

Neighborhood: New Territory

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10722281

* 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
Brazos Bend Elementary School Primary Regular 607 39 10
Sartartia Middle School Middle Regular 1,302 64 10
Travis High School High Regular 2,501 132 8

Brazos Bend Elementary School

  • Education Level: Primary
  • # of students: 607
  • # of teachers: 39
10
GreatSchools Rating

Sartartia Middle School

  • Education Level: Middle
  • # of students: 1,302
  • # of teachers: 64
10
GreatSchools Rating

Travis High School

  • Education Level: High
  • # of students: 2,501
  • # of teachers: 132
8
GreatSchools Rating
 

$213,300$260,700$237,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$874
Property Tax -$478
Property Insurance -$157
HOA -$92
Property Management Fees -$99
CASH FLOW
$70

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.

$237,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 2.25%
Maintenance Year (1-5) 8.00%
Vacancy 9.28%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,555

INVESTMENT

$68,555

Down Payment
$59,250
Rehab Estimate
$5,750
Closing Costs
$3,555

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$874

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,250
Loan Amount $177,750
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$7,953

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,788

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,599
1$1,5992$1,7503$1,7704$1,9005$1,995
$1,995
RENT COMPS ANALYSIS
  • 119 Chandler Court Sugar Land, TX 3
    • 4 beds 3 baths ∙ 2,249 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,249 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.79
    •  
  • 4511 Topaz Trail Drive Sugar Land, TX 1
    • 4 beds 2 baths ∙ 2,209 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,209 Sqft ∙ Built 1995
    property image
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.72
    •  
  • 4527 Topaz Trail Drive Sugar Land, TX 2
    • 4 beds 2 baths ∙ 2,209 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,209 Sqft ∙ Built 1994
    property image
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.79
    •  
  • 4438 Topaz Trail Drive Sugar Land, TX 4
    • 4 beds 4 baths ∙ 2,333 Sqft ∙ Built 1994 4 beds 4 baths ∙ 2,333 Sqft ∙ Built 1994
    property image
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.81
    •  
  • 139 Skycrest Drive Sugar Land, TX 5
    • 5 beds 4 baths ∙ 2,333 Sqft ∙ Built 1994 5 beds 4 baths ∙ 2,333 Sqft ∙ Built 1994
    property image
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.86
    •  
PROPERTY LISTING DETAILS
Usha Gobindram
1.832.788.8894
Champions Real Estate Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 36358899
Last Updated: 08/22/2020
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