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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $127.41
- 2 Days on Market
- MLS # : 18627962
- Updated Date : 03/13/2021 at 14:20
CONSTRUCTION
- Beds : 3
- Floor Size : 1,766 sqft
- Baths : 2 full
Listing Agent
Keller Williams Advtge Realty
Listing Agent's Description
Recently updated with new Paint, Appliances and Carpet! Beautiful 3/2/2 in Walden on Lake Conroe! Spacious floorplan with Formal dining, open living/kitchen/breakfast. Living room offers wood burning fireplace, high ceilings and lots of room for entertaining. Screened porch leads to beautiful back yard with slate walk-ways and lots of landscaping. Side yard also has rock path with sitting area for relaxing. Primary bedroom has en-suite bath with separate shower and double sinks. Split plan offers more privacy! Refrigerator, Washer/Dryer included!
SEE MORE
- 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: Walden
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Walden
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,630 |
| EXPENSES | Loan Payment | -$782 |
| Property Tax | -$431 | |
| Property Insurance | -$129 | |
| HOA | -$79 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$111
|
||
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.
$225,000
PROJECTED PRICE
$1,630
PROJECTED RENT
0.72%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 4.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.28% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$65,375
LOAN DETAILS
$782
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $56,250 |
| Loan Amount | $168,750 |
4.42
YEARS SAVED
$9,383
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,630
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,779
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
12111 Browning Drive Montgomery, TX 1
- 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 1999
![property image]()
- Rent
- Rent Per SQFT
- $1,630
- $0.92
-
3239 Woodwind Road Montgomery, TX 2
- 4 beds 2 baths ∙ 1,644 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,644 Sqft ∙ Built 2005
![property image]()
LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,650
- $1.00
-
3331 Hemingway Drive Montgomery, TX 3
- 3 beds 2 baths ∙ 1,815 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,815 Sqft ∙ Built 1999
![property image]()
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,800
- $0.99
-
12130 Brightwood Drive Montgomery, TX 4
- 3 beds 2 baths ∙ 1,901 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,901 Sqft ∙ Built 2013
![property image]()
LEASED 09/13/20- Rent
- Rent Per SQFT
- $1,850
- $0.97
-
3251 Willowbend Road Montgomery, TX 5
- 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 2006
![property image]()
LEASED 02/01/21- Rent
- Rent Per SQFT
- $2,000
- $1.07
PROPERTY LISTING DETAILS
1.281.467.9790
Keller Williams Advtge Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 18627962
Last Updated: 03/13/2021
