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13946 Cypress Star Lane Cypress, TX 77429

4 Beds 3 Baths 2,649 sqft Built 2008

$229,900

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2008
  • Price/Sqft : $86.79
  • 2 Days on Market
  • MLS # : 83326187
  • Updated Date : 11/02/2020 at 09:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,649 sqft
  • Baths : 2 full , 1 half
Listing Agent

Cb & A, Realtors

Listing Agent's Description

Wonderfully Spacious 2 story 4-bedroom 2.5 bath home built by Taylor Morrison in Cypress Creek Forest is move-in ready! Home is on an interior street at the end of a cul-de-sac in this quaint neighborhood in Cypress. This energy efficient home is fantastic with all the comforts you desire; such as, abundance of natural light, first floor primary bedroom, hardwood floors throughout first story, formal dining, granite counter tops, including 42'' cabinets, and black appliances, breakfast bar, game room up and additional data center-loft upstairs, along with 3 spacious secondary bedrooms. Enjoy the Lower Taxes and HOA! This Large backyard has open sky views with No Rear or Left-side Neighbors! Tour Today.

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

Zip Code: 77429

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Zip Code: 77429

ZipNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10722063

* 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
Lamkin Elementary School Primary Regular 965 57 7
Arnold Middle School Middle Regular 1,545 92 8
Cy-fair High School High Regular 3,656 212 8

Lamkin Elementary School

  • Education Level: Primary
  • # of students: 965
  • # of teachers: 57
7
GreatSchools Rating

Arnold Middle School

  • Education Level: Middle
  • # of students: 1,545
  • # of teachers: 92
8
GreatSchools Rating

Cy-fair High School

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

$206,910$252,890$229,900

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$848
Property Tax -$528
Property Insurance -$206
HOA -$36
Property Management Fees -$99
CASH FLOW
$122

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.

$229,900

PROJECTED PRICE

$1,840

PROJECTED RENT

0.80%

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,674

INVESTMENT

$66,674

Down Payment
$57,475
Rehab Estimate
$5,750
Closing Costs
$3,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$848

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,475
Loan Amount $172,425
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$10,534

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,834

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,8403$1,9004$1,9655$2,000
$2,000
RENT COMPS ANALYSIS
  • 13946 Cypress Star Lane Cypress, TX 2
    • 4 beds 3 baths ∙ 2,649 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,649 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.69
    •  
  • 10838 White Oak Trace Court Cypress, TX 1
    • 4 beds 2 baths ∙ 2,510 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,510 Sqft ∙ Built 2000
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.68
    •  
  • 11827 Edenstone Drive Cypress, TX 3
    • 4 beds 3 baths ∙ 2,812 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,812 Sqft ∙ Built 2005
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.68
    •  
  • 11727 Edenstone Drive Cypress, TX 4
    • 4 beds 3 baths ∙ 2,844 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,844 Sqft ∙ Built 2005
    LEASED 05/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,965
    • $0.69
    •  
  • 12223 A Old Huffmeister Cypress, TX 5
    • 3 beds 2 baths ∙ 2,793 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,793 Sqft ∙ Built 1993
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.72
    •  
PROPERTY LISTING DETAILS
Whitney Snow
1.832.797.6997
Cb & A, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 83326187
Last Updated: 11/02/2020
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