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1202 Moss Dale Drive Sugar Land, TX 77479

3 Beds 3 Baths 2,067 sqft Built 1995

$265,000

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $128.21
  • 4 Days on Market
  • MLS # : 83786068
  • Updated Date : 12/03/2020 at 12:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,067 sqft
  • Baths : 2 full , 1 half
Listing Agent

Hampson Properties

Listing Agent's Description

Darling two story home on pristine cul-de-sac lot in sought after Greatwood Community. Freshly painted, 3 bedroom, 2.5 bathroom home with covered patio, gorgeous newly remodeled master bathroom, adorable secondary bedrooms, well appointed master bedroom, large gameroom , gigantic backyard and so much more. Roof and A/C both recently replaced. Home is move in ready. Schedule your showing today, this home will not last long.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Greatwood Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $113k352k

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

Neighborhood: Greatwood Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10722179

* 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
Dickinson Elementary School Primary Regular 560 30 10
Reading Junior High School Middle Regular 1,163 58 10
George Ranch High School High Regular 2,215 112 8

Dickinson Elementary School

  • Education Level: Primary
  • # of students: 560
  • # of teachers: 30
10
GreatSchools Rating

Reading Junior High School

  • Education Level: Middle
  • # of students: 1,163
  • # of teachers: 58
10
GreatSchools Rating

George Ranch High School

  • Education Level: High
  • # of students: 2,215
  • # of teachers: 112
8
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$978
Property Tax -$532
Property Insurance -$146
HOA -$69
Property Management Fees -$99
CASH FLOW
$15

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.

$265,000

PROJECTED PRICE

$1,840

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 2.5%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$6,150

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,845

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8003$1,8404$1,8995$1,950
$1,950
RENT COMPS ANALYSIS
  • 1202 Moss Dale Drive Sugar Land, TX 3
    • 3 beds 3 baths ∙ 2,067 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,067 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.89
    •  
  • 7507 Cherry Brook Court Sugar Land, TX 1
    • 3 beds 2 baths ∙ 1,934 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,934 Sqft ∙ Built 1994
    property image
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.90
    •  
  • 1202 Wildewood Court Sugar Land, TX 2
    • 4 beds 2 baths ∙ 2,061 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,061 Sqft ∙ Built 1995
    property image
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.87
    •  
  • 7406 Orchard Hills Lane Sugar Land, TX 4
    • 3 beds 3 baths ∙ 2,067 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,067 Sqft ∙ Built 1994
    property image
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $0.92
    •  
  • 7403 Cherry Brook Court Sugar Land, TX 5
    • 3 beds 3 baths ∙ 2,215 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,215 Sqft ∙ Built 1994
    property image
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.88
    •  
PROPERTY LISTING DETAILS
Alexandra Hampson
1.281.650.6629
Hampson Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 83786068
Last Updated: 12/03/2020
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