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12 Green Bough Ct Court The Woodlands, TX 77380

3 Beds 2 Baths 1,188 sqft Built 1980

$190,000

List Price

$1,260

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $159.93
  • 2 Days on Market
  • MLS # : 10279917
  • Updated Date : 02/13/2021 at 14:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,188 sqft
  • Baths : 2 full
Listing Agent

Abby Realty

Listing Agent's Description

PERFECT RENTAL PROPERTY OR STARTER HOME! Great location! Great schools! Great walking trails nearby! Friendly neighborhood! This home backs to Greenbelt with a nice size backyard, screened patio and a gated back fence to enjoy nature. House comes with a storage shed for lawn equipment. Cathedral ceiling gives living area a high space. Updated faux wood tile flooring throughout, new cabinetry, granite kitchen and bath counters, interior paint and fixtures. House is move in ready and comes with a transferrable flood insurance policy! Located in the front of The Woodlands, in the Grogan's Mill subdivision. Close to restaurants, the mall, The Woodlands Medical Center, and I-45. Bring your offers! Room sizes are approximated.

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: Grogan's Mill

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $113k402k

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

Neighborhood: Grogan's Mill

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10722353

* 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
Sam Hailey Elementary School Primary Regular 720 42 6
Knox Junior High School Middle Regular 1,252 71 9
The Woodlands College Park High School High Regular 2,794 161 9

Sam Hailey Elementary School

  • Education Level: Primary
  • # of students: 720
  • # of teachers: 42
6
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
 

$171,000$209,000$190,000

PURCHASE PRICE

$1,134$1,386$1,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,260
EXPENSES Loan Payment -$660
Property Tax -$373
Property Insurance -$96
HOA -$25
Property Management Fees -$99
CASH FLOW
$8

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.

$190,000

PROJECTED PRICE

$1,260

PROJECTED RENT

0.66%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$56,100

INVESTMENT

$56,100

Down Payment
$47,500
Rehab Estimate
$5,750
Closing Costs
$2,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$660

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $47,500
Loan Amount $142,500
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$3,722

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,260

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,390

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$1,260
1$1,2602$1,5003$1,5754$1,5755$1,650
$1,650
RENT COMPS ANALYSIS
  • 12 Green Bough Ct Court The Woodlands, TX 1
    • 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,260
    • $1.06
    •  
  • 7 Starrush Court The Woodlands, TX 2
    • 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1983
    LEASED 01/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.22
    •  
  • 30 Camberwell Court The Woodlands, TX 3
    • 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1983
    LEASED 01/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.12
    •  
  • 23 Camberwell Court The Woodlands, TX 4
    • 3 beds 2 baths ∙ 1,309 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,309 Sqft ∙ Built 1987
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.20
    •  
  • 39 N Rain Forest Court The Woodlands, TX 5
    • 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 1982
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.14
    •  
PROPERTY LISTING DETAILS
Anh Jorgensen
1.713.480.3608
Abby Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 10279917
Last Updated: 02/13/2021
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