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135 Bloomhill Place The Woodlands, TX 77354

3 Beds 3 Baths 2,204 sqft Built 2018

$335,000

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $152.00
  • 3 Days on Market
  • MLS # : 19403520
  • Updated Date : 12/12/2020 at 10:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,204 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max The Woodlands & Spring

Listing Agent's Description

Gorgeous almost-new home in Sterling Ridge backing to wooded reserve green space! Enjoy nature from your covered patio with no back neighbors! NO carpeting in the home! High Ceilings! Tons of upgrades! Huge island in Kitchen has stone front, stunning granite, Tahoe cabinetry with glazed finish, & herringbone-pattern tile backsplash. Large dining area in addition to Kitchen breakfast bar. Family room with floor-to-ceiling stone gaslog fireplace. Spacious over-sized laundry room & separate mud area with bench & shelving. Master in separate area from other bedrooms for privacy features back yard wooded views and en-suite bath with soaking tub, shower with bench, private commode, his and hers sinks, and walk-in closet with built-in shelving. Two additional bedrooms and full bath in front of home. May Valley Park within walking distance has Splashpad, Basketball & tennis courts, BBQ pits, Pavilions/Picnic, Playground, Restrooms. Visit https://youtu.be/yAaPEO_OXTo for walk-through video!

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: Sterling Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $113k491k

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

Neighborhood: Sterling Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10273113

* 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
Cedric C. Smith Elementary School Primary Regular 739 45 7
Bear Branch Junior High School Middle Regular 977 51 7
Magnolia High School High Regular 1,794 118 7

Cedric C. Smith Elementary School

  • Education Level: Primary
  • # of students: 739
  • # of teachers: 45
7
GreatSchools Rating

Bear Branch Junior High School

  • Education Level: Middle
  • # of students: 977
  • # of teachers: 51
7
GreatSchools Rating

Magnolia High School

  • Education Level: High
  • # of students: 1,794
  • # of teachers: 118
7
GreatSchools Rating
 

$301,500$368,500$335,000

PURCHASE PRICE

$2,097$2,563$2,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,330
EXPENSES Loan Payment -$1,236
Property Tax -$755
Property Insurance -$154
Property Management Fees -$99
CASH FLOW
$85

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.

$335,000

PROJECTED PRICE

$2,330

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 2.5%
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$800k

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$11,989

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,330

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $2,358

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,3003$2,3304$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 135 Bloomhill Place The Woodlands, TX 3
    • 3 beds 3 baths ∙ 2,204 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,204 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,330
    • $1.06
    •  
  • 82 S Star Ridge Circle The Woodlands, TX 1
    • 4 beds 2 baths ∙ 2,016 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,016 Sqft ∙ Built 2006
    property image
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.99
    •  
  • 18 Salado Vista Court Magnolia, TX 2
    • 4 beds 2 baths ∙ 2,084 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,084 Sqft ∙ Built 2017
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.10
    •  
  • 155 Bloomhill The Woodlands, TX 4
    • 3 beds 3 baths ∙ 2,204 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,204 Sqft ∙ Built 2018
    property image
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.13
    •  
  • 174 Black Swan Place Magnolia, TX 5
    • 4 beds 3 baths ∙ 2,359 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,359 Sqft ∙ Built 2009
    property image
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.06
    •  
PROPERTY LISTING DETAILS
Ray Larson
1.713.899.9255
Re/max The Woodlands & Spring
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 19403520
Last Updated: 12/12/2020
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