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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1982
- Price/Sqft : $128.89
- 4 Days on Market
- MLS # : 50867249
- Updated Date : 02/06/2021 at 17:59
CONSTRUCTION
- Beds : 4
- Floor Size : 2,793 sqft
- Baths : 2 full , 1 half
Listing Agent
Redfin Corporation
Listing Agent's Description
Gorgeous, well maintained, 2-story home with pool in the Energy Corridor Area. This home boasts a spacious entryway, formal dining room, huge den, and an updated kitchen with granite counters. The warm and inviting living room has 2 story vaulted ceilings, a fireplace, and an updated wet bar with a wine cooler. There is an abundance of natural light and storage throughout the home and many updates including Hardie siding on the exterior, new downstairs AC, hardwood floors in the dining room, and fresh neutral color paint throughout. Enjoy the breathtaking private backyard year-round while taking a dip in the recently remodeled heated pool and spa with new travertine coping, updated tile, and surface. All this coupled with close proximity to Terry Hershey Park and bike trail, City Centre, and Memorial City Mall will make this a place you will want to call home. Hurry and schedule your private showing today!
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: Ashford Hollow
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Ashford Hollow
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,570 |
| EXPENSES | Loan Payment | -$1,250 |
| Property Tax | -$759 | |
| Property Insurance | -$216 | |
| HOA | -$38 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$208
|
||
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.
$360,000
PROJECTED PRICE
$2,570
PROJECTED RENT
0.71%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.94% |
| Appreciation Year (1-5) | 4.5% |
| 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
$101,150
LOAN DETAILS
$1,250
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $90,000 |
| Loan Amount | $270,000 |
5
YEARS SAVED
$18,932
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,570
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$2,744
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
12418 Meadow Lake Drive Houston, TX 2
- 4 beds 3 baths ∙ 2,793 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,793 Sqft ∙ Built 1982
- Rent
- Rent Per SQFT
- $2,570
- $0.92
-
12419 Burgoyne Drive Houston, TX 1
- 4 beds 3 baths ∙ 2,700 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,700 Sqft ∙ Built 1981
LEASED 01/01/21- Rent
- Rent Per SQFT
- $2,200
- $0.81
-
12243 Gladewick Drive Houston, TX 3
- 4 beds 3 baths ∙ 2,766 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,766 Sqft ∙ Built 1980
LEASED 02/18/20- Rent
- Rent Per SQFT
- $2,650
- $0.96
-
12122 Attlee Drive Houston, TX 4
- 4 beds 3 baths ∙ 2,622 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,622 Sqft ∙ Built 1973
LEASED 04/17/20- Rent
- Rent Per SQFT
- $2,800
- $1.07
-
2011 Ashgrove Drive Houston, TX 5
- 4 beds 3 baths ∙ 2,848 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,848 Sqft ∙ Built 1981
LEASED 07/28/20- Rent
- Rent Per SQFT
- $3,100
- $1.09
PROPERTY LISTING DETAILS
1.713.371.8866
Redfin Corporation
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 50867249
Last Updated: 02/06/2021
