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14 Caelin Court The Woodlands, TX 77382

4 Beds 3 Baths 2,687 sqft Built 2006

$363,000

List Price

$2,430

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $135.09
  • 4 Days on Market
  • MLS # : 12286389
  • Updated Date : 02/11/2021 at 17:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,687 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bhgre Gary Greene

Listing Agent's Description

Welcome to a quiet cul-de-sac in the highly desirable Woodlands Village of Sterling Ridge. This home is positioned on a lot over 12000 sqft with a huge private back yard, flagstone covered patio, and mature trees. A 2-story entryway leads into a bright and open floor plan with the architectural features such as large windows, archways, art niches, and crown molding. You will love the engineered hard wood flooring throughout most of the downstairs including the stairs themselves. The spacious island kitchen has a nice size pantry and a breakfast area. The secondary bedrooms upstairs are larger than most and the spacious game room has a built in study desk. Zoned to highly rated schools and conveniently located to shopping. The Woodlands master planned community has 13 pools, 110 parks, and 140 miles of walking and biking trails. Tax rate is low and there are no HOA fees for The Woodlands.

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 $10723113

* 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
Mccullough Junior High School Middle Regular 2,229 120 10
The Woodlands High School Senior Campus High Regular 4,142 228 9
Mccullough Junior High School Middle Unknown NA

Mccullough Junior High School

  • Education Level: Middle
  • # of students: 2,229
  • # of teachers: 120
10
GreatSchools Rating

The Woodlands High School Senior Campus

  • Education Level: High
  • # of students: 4,142
  • # of teachers: 228
9
GreatSchools Rating

Mccullough Junior High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$326,700$399,300$363,000

PURCHASE PRICE

$2,187$2,673$2,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,430
EXPENSES Loan Payment -$1,261
Property Tax -$712
Property Insurance -$182
Property Management Fees -$99
CASH FLOW
$176

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.

$363,000

PROJECTED PRICE

$2,430

PROJECTED RENT

0.67%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$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$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,945

INVESTMENT

$101,945

Down Payment
$90,750
Rehab Estimate
$5,750
Closing Costs
$5,445

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,261

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $90,750
Loan Amount $272,250
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$17,048

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,430

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,418

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,4003$2,4304$2,4505$2,500
$2,500
RENT COMPS ANALYSIS
  • 14 Caelin Court The Woodlands, TX 3
    • 4 beds 3 baths ∙ 2,687 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,687 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,430
    • $0.90
    •  
  • 78 N Planchard The Woodlands, TX 1
    • 4 beds 3 baths ∙ 2,552 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,552 Sqft ∙ Built 2006
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.82
    •  
  • 59 N Planchard Circle The Woodlands, TX 2
    • 4 beds 2 baths ∙ 2,506 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,506 Sqft ∙ Built 2006
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.96
    •  
  • 7114 Wedgewood Drive Magnolia, TX 4
    • 3 beds 3 baths ∙ 2,803 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,803 Sqft ∙ Built 2009
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.87
    •  
  • 30 Sheltered Arbor Court The Woodlands, TX 5
    • 4 beds 4 baths ∙ 2,642 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,642 Sqft ∙ Built 2006
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.95
    •  
PROPERTY LISTING DETAILS
Cheryl Ford
1.281.786.6692
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 #: 12286389
Last Updated: 02/11/2021
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