Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

123 S Village Knoll Circle The Woodlands, TX 77381

3 Beds 2 Baths 1,824 sqft Built 1989

$272,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $149.12
  • 4 Days on Market
  • MLS # : 46387041
  • Updated Date : 02/05/2021 at 07:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,824 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Charming one story with POOL! The cutest house on the block in traditional Cochran's Crossing in The Woodlands, TX. Zoned to exemplary schools, great location! Low taxes and maintenance, no HOA fees. As you walk in the house you see the family/living room, chimney and adjacent dining room. Kitchen/breakfast and laundry room are in one area. Master bedroom, two secondary bedrooms and a full bath in the middle are located on the back of the house. Exit to the backyard and the pool through a door in kitchen and another one from the master suite.

SEE MORE

MARKET HIGHLIGHTS

  • 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: 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
Galatas Elementary School Primary Regular 660 40 10
Mccullough Junior High School Middle Regular 2,229 120 10
The Woodlands High School Senior Campus High Regular 4,142 228 9

Galatas Elementary School

  • Education Level: Primary
  • # of students: 660
  • # of teachers: 40
10
GreatSchools Rating

Mccullough Junior High School

  • Education Level: Middle
  • # of students: 2,229
  • # of teachers: 120
10
GreatSchools Rating

The Woodlands High School Senior Campus

  • Education Level: High
  • # of students: 4,142
  • # of teachers: 228
9
GreatSchools Rating
 

$244,800$299,200$272,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$945
Property Tax -$523
Property Insurance -$132
Property Management Fees -$99
CASH FLOW
$171

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.

$272,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.69%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,830

INVESTMENT

$77,830

Down Payment
$68,000
Rehab Estimate
$5,750
Closing Costs
$4,080

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$945

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,000
Loan Amount $204,000
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$12,807

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,924

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,870
1$1,8702$1,9503$1,9504$1,9755$2,000
$2,000
RENT COMPS ANALYSIS
  • 123 S Village Knoll Circle The Woodlands, TX 1
    • 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $1.03
    •  
  • 22 Maize Meadow Place The Woodlands, TX 2
    • 3 beds 2 baths ∙ 1,813 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,813 Sqft ∙ Built 1995
    LEASED 12/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.08
    •  
  • 175 N Village Knoll Circle The Woodlands, TX 3
    • 3 beds 2 baths ∙ 2,002 Sqft ∙ Built 1989 3 beds 2 baths ∙ 2,002 Sqft ∙ Built 1989
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.97
    •  
  • 82 Natures Harp Court The Woodlands, TX 4
    • 3 beds 2 baths ∙ 1,705 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,705 Sqft ∙ Built 1995
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.16
    •  
  • 139 W Village Knoll Circle Circle The Woodlands, TX 5
    • 4 beds 3 baths ∙ 1,980 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,980 Sqft ∙ Built 1988
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.01
    •  
PROPERTY LISTING DETAILS
Nelly Antimo
1.956.279.6280
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 46387041
Last Updated: 02/05/2021
BESbswy