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133 Annes Way Stafford, TX 77477

4 Beds 3 Baths 2,656 sqft Built 2000

INVESTimate

$284,888

List Price

$1,980

$1,782 - $2,178

Rent Est.

$291,298  ( +2.25%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $107.26
  • 6 Days on Market
  • MLS # : 45620623
  • Updated Date : 08/24/2020 at 21:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,656 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty, Llc

Listing Agent's Description

**Attention: Multiple Offers Received - Highest & Best Due Tuesday 8/25 @ 5 PM** **VALUE ALERT**INCREDIBLY LOW 2% Tax Rate**No Back Neighbors**Immaculate & Impeccably Maintained**WONDERFUL Curb Appeal!**PLANTATION SHUTTERS Throughout!**GORGEOUS 2-Story Home in the Desirable & Well-Located Promenade in Stafford! Stunning Property w/ UPGRADES GALORE: Inviting & Open Floor Plan, Sky High Ceilings, Spacious Master w/Large Sitting Area, Large GAME ROOM to Entertain Family & Friends, Luxurious & Durable, Solid Flooring throughout Entire Home. Open Kitchen in the Heart of the Home, complimented by Elegance: Stainless Steel Appliances, Lovely Granite Countertops, Beautiful, High-End, Spa-like Wall Treatments. Experience the Luxury of Backyard Privacy. Seize the opportunity to make this Wonderful Home Yours at a Great Value!! Homes like this do not come along often! Original Owners have maintained this gem in Pristine, Model Home Condition! AC's:2017 & 2013,Roof:2010,Water Htr:few years old

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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: The Promenade at Stafford Run

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $105k305k

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

Neighborhood: The Promenade at Stafford Run

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10302063

* 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
Stafford Intermediate School Primary Regular 505 29 6
Stafford Intermediate School Middle Regular 505 29 6
Stafford High School High Regular 1,001 68 3

Stafford Intermediate School

  • Education Level: Primary
  • # of students: 505
  • # of teachers: 29
6
GreatSchools Rating

Stafford Intermediate School

  • Education Level: Middle
  • # of students: 505
  • # of teachers: 29
6
GreatSchools Rating

Stafford High School

  • Education Level: High
  • # of students: 1,001
  • # of teachers: 68
3
GreatSchools Rating
 

$256,399$313,377$284,888

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

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$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,051
Property Tax -$499
Property Insurance -$180
HOA -$50
Property Management Fees -$99
CASH FLOW
$101

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.

$284,888

PROJECTED PRICE

$1,980

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 2.25%
Maintenance Year (1-5) 8.00%
Vacancy 9.28%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,245

INVESTMENT

$81,245

Down Payment
$71,222
Rehab Estimate
$5,750
Closing Costs
$4,273

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,051

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,222
Loan Amount $213,666
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$12,995

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,980

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,946

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8503$1,8504$1,9505$1,980
$1,980
RENT COMPS ANALYSIS
  • 133 Annes Way Stafford, TX 5
    • 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $0.75
    •  
  • 311 Saunter Drive Stafford, TX 1
    • 3 beds 3 baths ∙ 2,563 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,563 Sqft ∙ Built 1998
    property image
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.70
    •  
  • 4127 Applecreek Bend Drive Stafford, TX 2
    • 4 beds 3 baths ∙ 2,492 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,492 Sqft ∙ Built 2005
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.74
    •  
  • 814 Wheelhouse Drive Stafford, TX 3
    • 3 beds 3 baths ∙ 2,478 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,478 Sqft ∙ Built 1997
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.75
    •  
  • 306 Saunter Drive Stafford, TX 4
    • 4 beds 3 baths ∙ 2,636 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,636 Sqft ∙ Built 1998
    property image
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.74
    •  
PROPERTY LISTING DETAILS
Joshua Doiron
1.832.630.3550
Exp Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 45620623
Last Updated: 08/24/2020
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