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

12 Fairmeade Bend Drive The Woodlands, TX 77381

3 Beds 2 Baths 1,415 sqft Built 1982

$257,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $181.63
  • 4 Days on Market
  • MLS # : 89498965
  • Updated Date : 03/12/2021 at 07:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,415 sqft
  • Baths : 2 full
Listing Agent

Compass Re Texas, Llc

Listing Agent's Description

WOW factor from the moment you walk into the lovely entry. Open floor plan, vaulted ceiling and tons of natural light. Floor to ceiling fireplace in the corner adds just the right ambience. REAL HARD WOOD floors. Beautiful!! OPEN KITCHEN to living with updated cabinets and lighting with striking high ceilings. Pass through to expansive deck in back make this a great home for entertaining. You'll love the low maintenance back yard which is exactly what makes The Woodlands such a gorgeous place to live, private, lush and park like. Both bathrooms have been beautifully updated! LOOKS LIKE NEW. Move in ready! Works amazingly well for second home or vacation home. Garage is as clean as the house! Vaulted ceiling in master with huge walk in closet. Well appointed laundry room with even more storage. Roof 30 year shingle, newer hvac - Maintained and immaculate. Priced to sell! Hurry for your private showing. CLOSE TO Market Street and skip to I-45.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Panther Creek

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $113k368k

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

Neighborhood: Panther Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10722236

* 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
Sally Ride Elementary School Primary Regular 568 36 9
Knox Junior High School Middle Regular 1,252 71 9
The Woodlands College Park High School High Regular 2,794 161 9

Sally Ride Elementary School

  • Education Level: Primary
  • # of students: 568
  • # of teachers: 36
9
GreatSchools Rating

Knox Junior High School

  • Education Level: Middle
  • # of students: 1,252
  • # of teachers: 71
9
GreatSchools Rating

The Woodlands College Park High School

  • Education Level: High
  • # of students: 2,794
  • # of teachers: 161
9
GreatSchools Rating
 

$231,300$282,700$257,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$893
Property Tax -$475
Property Insurance -$109
Property Management Fees -$99
CASH FLOW
$35

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.

$257,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.3%
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

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$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,855

INVESTMENT

$73,855

Down Payment
$64,250
Rehab Estimate
$5,750
Closing Costs
$3,855

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$893

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,250
Loan Amount $192,750
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$6,983

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $1,602

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,4953$1,5004$1,6105$1,650
$1,650
RENT COMPS ANALYSIS
  • 12 Fairmeade Bend Drive The Woodlands, TX 4
    • 3 beds 2 baths ∙ 1,415 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,415 Sqft ∙ Built 1982
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $1.14
    •  
  • 99 Trummel Court The Woodlands, TX 1
    • 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 1982
    property image
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.17
    •  
  • 15 Brentwood Oaks Court The Woodlands, TX 2
    • 3 beds 2 baths ∙ 1,415 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,415 Sqft ∙ Built 1982
    property image
    LEASED 09/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.06
    •  
  • 28 Oldstream Court Spring, TX 3
    • 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1981
    property image
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.06
    •  
  • 75 Fallshire Drive The Woodlands, TX 5
    • 3 beds 2 baths ∙ 1,326 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,326 Sqft ∙ Built 1976
    property image
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.24
    •  
PROPERTY LISTING DETAILS
Mary Jane Bradshaw
1.832.264.6576
Compass Re Texas, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 89498965
Last Updated: 03/12/2021
BESbswy