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PROPERTY INFO
FACTS
- Single Family
- Built In 1982
- Price/Sqft : $100.75
- 7 Days on Market
- MLS # : 69283108
- Updated Date : 02/05/2021 at 10:15
CONSTRUCTION
- Beds : 3
- Floor Size : 1,737 sqft
- Baths : 2 full
Listing Agent
Re/max Real Estate Assoc.
Listing Agent's Description
A beautiful 3 Bedroom, 2 Bath home situated on a huge cul-de-sac lot with no back neighbors. This cozy home features an island kitchen with smooth surface cooktop, ceramic tile flooring, spacious bedrooms and a huge living room with a vaulted ceiling and brick fireplace. The master suite has a walk-in closet, dual vanities, and an oversized shower. The exterior features a driveway that has been recently redone and a spacious backyard with a covered patio that is perfect for relaxing on a sunny day. This home is a must see!
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 Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Ashford Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,420 |
| EXPENSES | Loan Payment | -$608 |
| Property Tax | -$369 | |
| Property Insurance | -$145 | |
| HOA | -$46 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$154
|
||
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.
$175,000
PROJECTED PRICE
$1,420
PROJECTED RENT
0.81%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.94% |
| Appreciation Year (1-5) | 7.9% |
| 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
$52,125
LOAN DETAILS
$608
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $43,750 |
| Loan Amount | $131,250 |
6.17
YEARS SAVED
$12,031
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,420
LIST RENT -
$0.82
LIST RENT PER SQFT
-
$1,416
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
12707 Skyknoll Lane Houston, TX 2
- 3 beds 2 baths ∙ 1,737 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,737 Sqft ∙ Built 1982
![property image]()
- Rent
- Rent Per SQFT
- $1,420
- $0.82
-
12704 Westpark Drive Houston, TX 1
- 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 1983
![property image]()
LEASED 03/23/20- Rent
- Rent Per SQFT
- $1,350
- $0.74
-
12803 Sunset Dune Drive Houston, TX 3
- 3 beds 2 baths ∙ 1,869 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,869 Sqft ∙ Built 1982
![property image]()
LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,450
- $0.78
-
12712 Sunset Dune Drive Houston, TX 4
- 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1978
![property image]()
LEASED 01/01/21- Rent
- Rent Per SQFT
- $1,450
- $0.85
-
12719 Sunset Dune Drive Houston, TX 5
- 3 beds 2 baths ∙ 1,745 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,745 Sqft ∙ Built 1982
![property image]()
LEASED 06/19/20- Rent
- Rent Per SQFT
- $1,550
- $0.89
PROPERTY LISTING DETAILS
1.843.424.1835
Re/max Real Estate Assoc.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 69283108
Last Updated: 02/05/2021
