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

1307 Sand Pines Katy, TX 77494

3 Beds 2 Baths 1,968 sqft Built 2005

$255,000

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $129.57
  • 4 Days on Market
  • MLS # : 77542098
  • Updated Date : 02/12/2021 at 19:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,968 sqft
  • Baths : 2 full
Listing Agent

Nitya Realty

Listing Agent's Description

Lovely one-story, 3/2 bedroom home located in charming and relaxing gated section of Falcon Point. Hard to find gem, located right on the Golf course with a nice view of Hole 7 of Falcon Point Golf Course, a Par 3 that includes a water feature. Enjoy the scenery from your lovely backyard, complete with a covered patio and large side yard. Inside, you will enjoy the open concept, tall ceilings, and a plethora of architectural details that enhance the house's visual appeal. The original owners made several upgrades with the homebuilder, including turning one of the bedrooms into a study and adding a bonus room complete with AC in one of the garage spaces. Falcon Point is a sought after community characterized by its convenient location, high performing schools, and access to nearby shopping and dining. This house has everything you need to make it your ideal home.

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: Falcon Point

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $113k405k

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

Neighborhood: Falcon Point

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10372657

* 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
Rylander Elementary School Primary Regular 1,339 81 9
Woodcreek Junior High School Middle Regular 1,906 102 10
Katy High School High Regular 3,065 176 7

Rylander Elementary School

  • Education Level: Primary
  • # of students: 1,339
  • # of teachers: 81
9
GreatSchools Rating

Woodcreek Junior High School

  • Education Level: Middle
  • # of students: 1,906
  • # of teachers: 102
10
GreatSchools Rating

Katy High School

  • Education Level: High
  • # of students: 3,065
  • # of teachers: 176
7
GreatSchools Rating
 

$229,500$280,500$255,000

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$886
Property Tax -$578
Property Insurance -$141
HOA -$76
Property Management Fees -$99
CASH FLOW
$61

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.

$255,000

PROJECTED PRICE

$1,840

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.2%
Maintenance Year (1-5) 8.00%
Vacancy 9.28%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$886

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$5,845

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,840

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7993$1,8004$1,8405$1,900
$1,900
RENT COMPS ANALYSIS
  • 1307 Sand Pines Katy, TX 4
    • 3 beds 2 baths ∙ 1,968 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,968 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.93
    •  
  • 24006 Hackberry Creek Drive Katy, TX 1
    • 3 beds 2 baths ∙ 1,908 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,908 Sqft ∙ Built 2003
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.92
    •  
  • 23915 Elden Hills Court Katy, TX 2
    • 3 beds 2 baths ∙ 1,908 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,908 Sqft ∙ Built 2002
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.94
    •  
  • 1226 Sand Pines Katy, TX 3
    • 3 beds 3 baths ∙ 1,857 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,857 Sqft ∙ Built 2003
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.97
    •  
  • 1414 Sullivan Springs Dr Katy, TX 5
    • 3 beds 2 baths ∙ 2,083 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,083 Sqft ∙ Built 2003
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.91
    •  
PROPERTY LISTING DETAILS
Bernardo Cuellar
1.832.814.4711
Nitya Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 77542098
Last Updated: 02/12/2021
BESbswy