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PROPERTY INFO
FACTS
- Single Family
- Built In 2009
- Price/Sqft : $207.72
- 4 Days on Market
- MLS # : 80760068
- Updated Date : 01/08/2021 at 13:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,046 sqft
- Baths : 2 full , 1 half
Listing Agent
Green Seed Realty
Listing Agent's Description
Fantastic home in Shady Acres with easy access to all the area has to offer. This 3 bedroom/2.5 bath home offers hardwoods through out, an open concept living/dining and a great front porch to enjoy watching neighbors stroll through the neighborhood. The primary bedroom features a small area that could be used as a home office or reading nook. The front yard is fenced for kids, pets or just the green thumb enthusiast. Great two story living in a very desirable area. All room measurements should be confirmed independently.
SEE MORE
- 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)
- Houston metro contributes to 29.5% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Shady Acres
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Shady Acres
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,590 |
| EXPENSES | Loan Payment | -$1,476 |
| Property Tax | -$896 | |
| Property Insurance | -$165 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$47
|
||
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.
$425,000
PROJECTED PRICE
$2,590
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 2.4% |
| 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
$118,375
LOAN DETAILS
$1,476
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $106,250 |
| Loan Amount | $318,750 |
2.08
YEARS SAVED
$5,729
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,590
LIST RENT -
$1.27
LIST RENT PER SQFT
-
$2,598
COMP ESTIMATED VALUE -
$1.27
COMP AVG. RENT PER SQFT
Comps Range
-
1229 W 16th Street Houston, TX 3
- 3 beds 3 baths ∙ 2,046 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,046 Sqft ∙ Built 2009
![property image]()
- Rent
- Rent Per SQFT
- $2,590
- $1.27
-
1166 W 17th Street Houston, TX 1
- 3 beds 4 baths ∙ 1,922 Sqft ∙ Built 2014 3 beds 4 baths ∙ 1,922 Sqft ∙ Built 2014
![property image]()
LEASED 03/26/20- Rent
- Rent Per SQFT
- $2,500
- $1.30
-
1134 W 17th Street Houston, TX 2
- 3 beds 4 baths ∙ 2,170 Sqft ∙ Built 2015 3 beds 4 baths ∙ 2,170 Sqft ∙ Built 2015
![property image]()
LEASED 12/14/20- Rent
- Rent Per SQFT
- $2,550
- $1.18
-
1506 Bevis Street Houston, TX 4
- 3 beds 3 baths ∙ 1,948 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,948 Sqft ∙ Built 2004
![property image]()
LEASED 01/30/20- Rent
- Rent Per SQFT
- $2,600
- $1.33
-
1223 W 19th Street Houston, TX 5
- 3 beds 4 baths ∙ 2,123 Sqft ∙ Built 2017 3 beds 4 baths ∙ 2,123 Sqft ∙ Built 2017
![property image]()
LEASED 05/13/20- Rent
- Rent Per SQFT
- $2,700
- $1.27
PROPERTY LISTING DETAILS
1.713.481.2557
Green Seed Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 80760068
Last Updated: 01/08/2021
