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PROPERTY INFO
FACTS
- Single Family
- Built In 1981
- Price/Sqft : $119.43
- 53 Days on Market
- MLS # : 19940681
- Updated Date : 12/11/2020 at 08:14
CONSTRUCTION
- Beds : 3
- Floor Size : 1,256 sqft
- Baths : 2 full
Listing Agent
Texas United Realty
Listing Agent's Description
Nice home in Parkway Forest subdivision. Home has potential. Tile throughout this house. Gate has double doors to drive car in to the back with a carport for car to park under and still leaves plenty of room for kids to run around and play.
SEE MORE
- 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: Parkway Forest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Parkway Forest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,250 |
| EXPENSES | Loan Payment | -$553 |
| Property Tax | -$387 | |
| Property Insurance | -$112 | |
| HOA | -$17 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$82
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.
$150,000
PROJECTED PRICE
$1,250
PROJECTED RENT
0.83%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.99% |
| Appreciation Year (1-5) | 3.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.01% |
| 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
$45,500
LOAN DETAILS
$553
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $37,500 |
| Loan Amount | $112,500 |
4.92
YEARS SAVED
$8,855
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,250
LIST RENT -
$1
LIST RENT PER SQFT
-
$1,335
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
-
13122 Crystal Cove Drive Houston, TX 2
- 3 beds 2 baths ∙ 1,256 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,256 Sqft ∙ Built 1981
![property image]()
- Rent
- Rent Per SQFT
- $1,250
- $1.00
-
8655 Deep Valley Drive Houston, TX 1
- 3 beds 2 baths ∙ 1,064 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,064 Sqft ∙ Built 1980
![property image]()
LEASED 09/29/20- Rent
- Rent Per SQFT
- $1,250
- $1.17
-
12814 Crystal Cove Drive Houston, TX 3
- 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1982
![property image]()
LEASED 03/12/20- Rent
- Rent Per SQFT
- $1,305
- $0.95
-
12819 Bamboo Forest Trail Houston, TX 4
- 3 beds 2 baths ∙ 1,303 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,303 Sqft ∙ Built 1980
![property image]()
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,435
- $1.10
-
12838 Abalone Way Houston, TX 5
- 4 beds 2 baths ∙ 1,402 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,402 Sqft ∙ Built 1980
![property image]()
LEASED 05/08/20- Rent
- Rent Per SQFT
- $1,450
- $1.03
PROPERTY LISTING DETAILS
1.281.507.9040
Texas United Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 19940681
Last Updated: 12/11/2020
