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PROPERTY INFO
FACTS
- Single Family
- Built In 1985
- Price/Sqft : $133.85
- 5 Days on Market
- MLS # : 91400056
- Updated Date : 01/21/2021 at 12:18
CONSTRUCTION
- Beds : 3
- Floor Size : 2,981 sqft
- Baths : 2 full , 1 half
Listing Agent
Walzel Properties
Listing Agent's Description
Beautiful one-story home located in the highly desirable neighborhood of Shadowbriar located minutes to the Energy Corridor, City Center, Memorial City and The Galleria. Featuring Formal Living, Formal Dining, Den, Island Kitchen with double oven, abundant cabinets opens to Breakfast Area, 3 bedrooms with ceiling fans and a Study that can be used as a 4th bedroom. Large Primary Bedroom with ensuite bath with separate shower and soaking tub, private sitting area that opens to cover patio. Grand double-door entry, vaulted ceilings, custom built-ins, numerous windows, fresh paint, new carpet and generous room sizes through-out this well-maintained home. Detached 2-car garage with extended gated double-driveway and covered patio backyard for entertaining! Quiet neighborhood, Magnet Elementary School, community pool and tennis courts within walking distance. Matterport 3-D virtual tour for your convenience or schedule your private viewing. Don’t miss the opportunity on this great home!
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: Shadowbriar
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Shadowbriar
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,860 |
| EXPENSES | Loan Payment | -$1,386 |
| Property Tax | -$973 | |
| Property Insurance | -$229 | |
| HOA | -$54 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$120
|
||
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.
$399,000
PROJECTED PRICE
$2,860
PROJECTED RENT
0.72%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.94% |
| Appreciation Year (1-5) | 5.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.80% |
| 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
$111,485
LOAN DETAILS
$1,386
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $99,750 |
| Loan Amount | $299,250 |
3.33
YEARS SAVED
$11,470
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,860
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$2,921
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
12119 Burgoyne Drive Houston, TX 3
- 3 beds 3 baths ∙ 2,981 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,981 Sqft ∙ Built 1985
![property image]()
- Rent
- Rent Per SQFT
- $2,860
- $0.96
-
2111 Shadybriar Drive Houston, TX 1
- 3 beds 3 baths ∙ 3,056 Sqft ∙ Built 1983 3 beds 3 baths ∙ 3,056 Sqft ∙ Built 1983
![property image]()
LEASED 07/30/20- Rent
- Rent Per SQFT
- $2,450
- $0.80
-
1704 Crystal Hills Drive Houston, TX 2
- 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 1973
![property image]()
LEASED 10/01/19- Rent
- Rent Per SQFT
- $2,600
- $0.93
-
2011 Ashgrove Drive Houston, TX 4
- 4 beds 3 baths ∙ 2,848 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,848 Sqft ∙ Built 1981
![property image]()
LEASED 07/28/20- Rent
- Rent Per SQFT
- $3,100
- $1.09
-
3106 Ashton Park Drive Houston, TX 5
- 4 beds 4 baths ∙ 2,958 Sqft ∙ Built 1979 4 beds 4 baths ∙ 2,958 Sqft ∙ Built 1979
![property image]()
LEASED 08/01/20- Rent
- Rent Per SQFT
- $3,250
- $1.10
PROPERTY LISTING DETAILS
1.281.725.1310
Walzel Properties
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 91400056
Last Updated: 01/21/2021
