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130 S Cochrans Green Circle The Woodlands, TX 77381

4 Beds 3 Baths 2,980 sqft Built 1991

$405,000

List Price

$2,970

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $135.91
  • 3 Days on Market
  • MLS # : 31415358
  • Updated Date : 03/19/2021 at 13:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,980 sqft
  • Baths : 2 full , 1 half
Listing Agent

Walzel Properties

Listing Agent's Description

This Beautiful Home is located in the desired neighborhood of Cochrans Green. The Primary Bedroom is located downstairs, Two fireplaces, one in the Formal Living Room and the other in the Family Room. Granite countertops in the Kitchen which is open to the Family Room. Roof is 5 years old, Both A/C units less than 7 years old, upstairs. Water Heater approx. 4 years old, All downstairs west exposure windows are double pane. Fresh Exterior paint March 2020, Downstairs has a neutral gray palette interior paint 2019. Make your Appointment today before it is too late!

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
Powell Elementary School Primary Regular 807 44 9
Mccullough Junior High School Middle Regular 2,229 120 10
The Woodlands High School Senior Campus High Regular 4,142 228 9

Powell Elementary School

  • Education Level: Primary
  • # of students: 807
  • # of teachers: 44
9
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
 

$364,500$445,500$405,000

PURCHASE PRICE

$2,673$3,267$2,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,970
EXPENSES Loan Payment -$1,407
Property Tax -$765
Property Insurance -$199
Property Management Fees -$99
CASH FLOW
$500

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.

$405,000

PROJECTED PRICE

$2,970

PROJECTED RENT

0.73%

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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$113,075

INVESTMENT

$113,075

Down Payment
$101,250
Rehab Estimate
$5,750
Closing Costs
$6,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,407

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $101,250
Loan Amount $303,750
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$41,007

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,970

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,980

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,8003$2,8004$2,9705$3,100
$3,100
RENT COMPS ANALYSIS
  • 130 S Cochrans Green Circle The Woodlands, TX 4
    • 4 beds 3 baths ∙ 2,980 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,980 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,970
    • $1.00
    •  
  • 126 W Greywing Circle The Woodlands, TX 1
    • 4 beds 3 baths ∙ 2,860 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,860 Sqft ∙ Built 1995
    property image
    LEASED 03/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.94
    •  
  • 39 E Greywing Circle The Woodlands, TX 2
    • 4 beds 3 baths ∙ 2,829 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,829 Sqft ∙ Built 1995
    property image
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.99
    •  
  • 39 Larks Aire Place The Woodlands, TX 3
    • 5 beds 3 baths ∙ 2,848 Sqft ∙ Built 1994 5 beds 3 baths ∙ 2,848 Sqft ∙ Built 1994
    property image
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.98
    •  
  • 34 E Amberglow Circle The Woodlands, TX 5
    • 4 beds 3 baths ∙ 2,837 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,837 Sqft ∙ Built 1991
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.09
    •  
PROPERTY LISTING DETAILS
Sergio Garcia
1.832.876.9010
Walzel Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 31415358
Last Updated: 03/19/2021
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