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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $126.19
- 19 Days on Market
- MLS # : 37333675
- Updated Date : 02/20/2021 at 08:36
CONSTRUCTION
- Beds : 4
- Floor Size : 1,703 sqft
- Baths : 2 full , 1 half
Listing Agent
Front Real Estate Co - Houston
Listing Agent's Description
Cozy 4 bedroom 2.5 Bath 2 Car Garage with Fully Cedar Fenced Yard on Corner Lot in Lake Conroe Access Subdivision in Montgomery School District! Bright, Open Plan with Granite Countertops, Hard Wood Flooring, Primary bedroom on first floor. Fresh paint. Large Bedrooms and Closets. Private Boat Ramp Access. Close to I-45, Kroger and conveniences. Relax on the covered back porch. Like to fish, boat, ski -don't miss this cute house.
SEE MORE
- 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: Clear Water Cove
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Clear Water Cove
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,600 |
| EXPENSES | Loan Payment | -$746 |
| Property Tax | -$358 | |
| Property Insurance | -$125 | |
| HOA | -$20 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$252
|
||
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.
$214,900
PROJECTED PRICE
$1,600
PROJECTED RENT
0.74%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.94% |
| Appreciation Year (1-5) | 3.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.80% |
| 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
$62,699
LOAN DETAILS
$746
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $53,725 |
| Loan Amount | $161,175 |
8.42
YEARS SAVED
$24,116
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,600
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$1,686
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
13396 Teel Road Montgomery, TX 2
- 4 beds 3 baths ∙ 1,703 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,703 Sqft ∙ Built 2005
![property image]()
- Rent
- Rent Per SQFT
- $1,600
- $0.94
-
206 Clear Water Street Montgomery, TX 1
- 4 beds 2 baths ∙ 1,650 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,650 Sqft ∙ Built 2004
![property image]()
LEASED 09/18/20- Rent
- Rent Per SQFT
- $1,600
- $0.97
-
24 Amelia Court Montgomery, TX 3
- 3 beds 3 baths ∙ 2,036 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,036 Sqft ∙ Built 2008
![property image]()
LEASED 08/10/20- Rent
- Rent Per SQFT
- $1,975
- $0.97
-
15 Newberry Court Montgomery, TX 4
- 3 beds 2 baths ∙ 1,911 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,911 Sqft ∙ Built 1998
![property image]()
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,975
- $1.03
PROPERTY LISTING DETAILS
1.936.203.3351
Front Real Estate Co - Houston
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 37333675
Last Updated: 02/20/2021
