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13410 Post Oak Glen Lane Cypress, TX 77429

3 Beds 2 Baths 2,086 sqft Built 1998

$250,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $119.85
  • 4 Days on Market
  • MLS # : 50493483
  • Updated Date : 01/14/2021 at 14:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,086 sqft
  • Baths : 2 full
Listing Agent

Bhgre Gary Greene

Listing Agent's Description

Welcome to Lakewood Glen. Charming single story home located in a tree lined community of Cypress. Floorplan includes 3 bedrooms, study/office space, 2 baths and a combination formal living and dining space. Open concept floorplan. Updated kitchen includes Corian counters, island for extra workspace and storage, and built in appliances. Refrigerator will stay for the new buyers. Hardwood flooring throughout the living and dining areas. Tile in kitchen and bathrooms. Master retreat with en-suite bath. Separate shower and tub, double sinks and walk in closet with Elfa storage system. Front of the home showcases the formal dining and living rooms. Tall ceilings and crown molding. Projector with surround sound system is ready for movie night. All brick home with detached garage and long driveway with gate and remote. Landscaped back yard with space for playset or plenty of room for pets to run. Subdivision includes a park and swimming pool area. Easy access to Hwy 290 or Hwy 249.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Houston metro contributes to 29.5% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Lakewood Glen Trails

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $113k351k

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

Neighborhood: Lakewood Glen Trails

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10722173

* 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
Hamilton Elementary School Primary Regular 966 53 9
Hamilton Middle School Middle Regular 1,641 89 10
Cy-fair High School High Regular 3,656 212 8

Hamilton Elementary School

  • Education Level: Primary
  • # of students: 966
  • # of teachers: 53
9
GreatSchools Rating

Hamilton Middle School

  • Education Level: Middle
  • # of students: 1,641
  • # of teachers: 89
10
GreatSchools Rating

Cy-fair High School

  • Education Level: High
  • # of students: 3,656
  • # of teachers: 212
8
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$868
Property Tax -$562
Property Insurance -$168
HOA -$54
Property Management Fees -$99
CASH FLOW
$148

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.

$250,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.76%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.1%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$11,051

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,731

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,7003$1,7804$1,8505$1,900
$1,900
RENT COMPS ANALYSIS
  • 13410 Post Oak Glen Lane Cypress, TX 5
    • 3 beds 2 baths ∙ 2,086 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,086 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.91
    •  
  • 14215 Cypress Valley Drive Cypress, TX 1
    • 4 beds 2 baths ∙ 1,918 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,918 Sqft ∙ Built 1994
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.85
    •  
  • 13615 Trailmeadow Court Cypress, TX 2
    • 4 beds 2 baths ∙ 2,060 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,060 Sqft ∙ Built 2005
    LEASED 09/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.83
    •  
  • 16423 Rhinefield Street Tomball, TX 3
    • 4 beds 3 baths ∙ 2,174 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,174 Sqft ∙ Built 1984
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.82
    •  
  • 13418 Barons Lake Lane Cypress, TX 4
    • 3 beds 2 baths ∙ 2,246 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,246 Sqft ∙ Built 2007
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.82
    •  
PROPERTY LISTING DETAILS
Jaime Connell
1.832.754.8560
Bhgre Gary Greene
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 50493483
Last Updated: 01/14/2021
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