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12 Robin Springs Place The Woodlands, TX 77381

4 Beds 3 Baths 2,410 sqft Built 1984

$315,000

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $130.71
  • 3 Days on Market
  • MLS # : 89890805
  • Updated Date : 11/13/2020 at 20:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,410 sqft
  • Baths : 2 full , 1 half
Listing Agent

Texas Home Group, Realtors

Listing Agent's Description

Gorgeous Home located on a Gorgeous culdesac street, on a large lot big enough to build your dream POOL! Home exterior features an extra long and wide driveway great for lots of cars when entertaining, Covered back patio, Hardy Plank siding 2014, Sprinkler system and NEW ROOF Oct. 2020. Master suite is conveniently located down stairs with a Beautifully renovated Master bathroom w/an oversized shower for two. More upgrades include Kitchen reno 2016 w/ newer stainless Whirlpool appliances, fridge included, quartz counter tops, and gas range, Low E double pane windows in 2014, (please ask me for energy bills) New Toilets down stairs, and new paint October 2020. Additionally there are 3 oversized bedrooms with walk in closets upstairs and a large double sink bath to share. This Home has it All, Schedule your showing today!

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: Cochran's Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $113k547k

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

Neighborhood: Cochran's Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10723320

* 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
Collins Intermediate School Primary Regular 674 36 10
Collins Intermediate School Middle Regular 674 36 10
The Woodlands College Park High School High Regular 2,794 161 9

Collins Intermediate School

  • Education Level: Primary
  • # of students: 674
  • # of teachers: 36
10
GreatSchools Rating

Collins Intermediate School

  • Education Level: Middle
  • # of students: 674
  • # of teachers: 36
10
GreatSchools Rating

The Woodlands College Park High School

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

$283,500$346,500$315,000

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,162
Property Tax -$627
Property Insurance -$166
Property Management Fees -$99
CASH FLOW
$56

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 18% of earned rent to cover both maintenance and periods of vacancy.

$315,000

PROJECTED PRICE

$2,110

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.61%
Appreciation Year (1-5) 3.2%
Maintenance Year (1-5) 8.00%
Vacancy 10.23%
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$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$7,989

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,223

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1103$2,1254$2,4505$2,550
$2,550
RENT COMPS ANALYSIS
  • 12 Robin Springs Place The Woodlands, TX 2
    • 4 beds 3 baths ∙ 2,410 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,410 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $0.88
    •  
  • 31 Silent Brook Court The Woodlands, TX 1
    • 4 beds 3 baths ∙ 2,417 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,417 Sqft ∙ Built 1985
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.83
    •  
  • 108 E Lakeridge Drive Spring, TX 3
    • 3 beds 3 baths ∙ 2,354 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,354 Sqft ∙ Built 1993
    property image
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $0.90
    •  
  • 7 Brookline Court The Woodlands, TX 4
    • 4 beds 3 baths ∙ 2,524 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,524 Sqft ∙ Built 1989
    property image
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.97
    •  
  • 52 W Southfork Pines Circle The Woodlands, TX 5
    • 4 beds 4 baths ∙ 2,569 Sqft ∙ Built 1990 4 beds 4 baths ∙ 2,569 Sqft ∙ Built 1990
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.99
    •  
PROPERTY LISTING DETAILS
Erica Lowe
1.832.253.5087
Texas Home Group, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 89890805
Last Updated: 11/13/2020
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