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

12911 Ravens Chase Lane Cypress, TX 77429

4 Beds 3 Baths 2,820 sqft Built 2005

$257,500

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $91.31
  • 4 Days on Market
  • MLS # : 19151890
  • Updated Date : 11/06/2020 at 14:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,820 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ambrosi Realty, Llc

Listing Agent's Description

Welcome to this freshly updated home in Ravensway Lake!! This lovely home is situated on a cul-de-sac lot that is almost half an acre. Enjoy open concept living with the expansive family room, kitchen and eat-in dining area. Brand NEW HVAC system, new carpet and paint throughout the entire home. The living area w/ fireplace has an abundance of natural light, high ceiling and is the hub of the home. The kitchen has a breakfast bar, pantry and lots of countertop space. Primary Suite is located on the first floor and has a view of the expansive backyard. Primary bath has dual sinks, separate tub and shower and a massive walk-in closet. Upstairs offers a second living area, 3 large bedrooms and an additional bathroom. Enjoy a covered porch, covered back patio and a nice 2 car garage. Cy-Fair ISD and a great commute location! Close to Hwy 290!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Houston metro employment growth is at 1.8% and predicted to grow to 2.7% in 2019-20 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Ravensway Lake

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $105k303k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Ravensway Lake

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10422060

* 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
Millsap Elementary School Primary Regular 723 46 7
Arnold Middle School Middle Regular 1,545 92 8
Cy-fair High School High Regular 3,656 212 8

Millsap Elementary School

  • Education Level: Primary
  • # of students: 723
  • # of teachers: 46
7
GreatSchools Rating

Arnold Middle School

  • Education Level: Middle
  • # of students: 1,545
  • # of teachers: 92
8
GreatSchools Rating

Cy-fair High School

  • Education Level: High
  • # of students: 3,656
  • # of teachers: 212
8
GreatSchools Rating
 

$231,750$283,250$257,500

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$950
Property Tax -$503
Property Insurance -$218
HOA -$44
Property Management Fees -$99
CASH FLOW
$127

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.

$257,500

PROJECTED PRICE

$1,940

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 5.1%
Maintenance Year (1-5) 8.00%
Vacancy 8.80%
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$800k

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$73,988

INVESTMENT

$73,988

Down Payment
$64,375
Rehab Estimate
$5,750
Closing Costs
$3,863

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$950

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,375
Loan Amount $193,125
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$13,937

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,925

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9003$1,9404$1,9655$2,000
$2,000
RENT COMPS ANALYSIS
  • 12911 Ravens Chase Lane Cypress, TX 3
    • 4 beds 3 baths ∙ 2,820 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,820 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.69
    •  
  • 14015 Breezy Cypress Creek Trail Cypress, TX 1
    • 4 beds 3 baths ∙ 2,892 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,892 Sqft ∙ Built 2010
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.64
    •  
  • 11827 Edenstone Drive Cypress, TX 2
    • 4 beds 3 baths ∙ 2,812 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,812 Sqft ∙ Built 2005
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.68
    •  
  • 11727 Edenstone Drive Cypress, TX 4
    • 4 beds 3 baths ∙ 2,844 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,844 Sqft ∙ Built 2005
    LEASED 05/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,965
    • $0.69
    •  
  • 12223 A Old Huffmeister Cypress, TX 5
    • 3 beds 2 baths ∙ 2,793 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,793 Sqft ∙ Built 1993
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.72
    •  
PROPERTY LISTING DETAILS
Kara Murray
1.817.948.0729
Ambrosi Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 19151890
Last Updated: 11/06/2020
BESbswy