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14015 Susan Court Sugar Land, TX 77498

4 Beds 2 Baths 1,516 sqft Built 1983

$265,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $174.80
  • 3 Days on Market
  • MLS # : 93152232
  • Updated Date : 03/19/2021 at 18:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,516 sqft
  • Baths : 2 full
Listing Agent

Sugar Land Homes

Listing Agent's Description

This house is full of surprises...upgraded kitchen with commercial cook top. Kitchen wall to living area was removed to open the kitchen and breakfast area to the living room. The extended granite eating area sets up the openness of the home for family and friends. Great for entertaining! Upgraded kitchen has contemporary backsplash with granite counter tops. Laundry room was changed and enlarged to open near the front door. Plumbing was added to accommodate a future wet bar off of the living area. Living and dining areas have areas have a great view of the sparkling pool hot tub and waterfall. Granite counter tops are located in the kitchen, between kitchen and living room and breakfast room window sill. Covered patio encourages a lot of family time around the pool. hoa fees very minimal, the tax rate is 2.03 and per FBCAD. Low fees great location on a cul-de-sac, walking distance to schools...no reason to look anywhere else.

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MARKET HIGHLIGHTS

  • 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: Lake Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $90k352k

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

Neighborhood: Lake Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9772179

* 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
Sugar Mill Elementary School Primary Regular 652 43 8
Sugar Land Middle School Middle Regular 1,222 67 7
Kempner High School High Regular 2,397 124 7

Sugar Mill Elementary School

  • Education Level: Primary
  • # of students: 652
  • # of teachers: 43
8
GreatSchools Rating

Sugar Land Middle School

  • Education Level: Middle
  • # of students: 1,222
  • # of teachers: 67
7
GreatSchools Rating

Kempner High School

  • Education Level: High
  • # of students: 2,397
  • # of teachers: 124
7
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$920
Property Tax -$496
Property Insurance -$115
HOA -$8
Property Management Fees -$99
CASH FLOW
$22

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.

$265,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 6.0%
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-$4.0k-$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$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$6,250

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,516

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5003$1,5504$1,6605$1,750
$1,750
RENT COMPS ANALYSIS
  • 14015 Susan Court Sugar Land, TX 4
    • 4 beds 2 baths ∙ 1,516 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,516 Sqft ∙ Built 1983
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $1.09
    •  
  • 14002 Taco Court Sugar Land, TX 1
    • 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1983
    property image
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.99
    •  
  • 14107 Susan Court Sugar Land, TX 2
    • 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 1983
    property image
    LEASED 03/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.89
    •  
  • 1627 Vickery Drive Sugar Land, TX 3
    • 3 beds 2 baths ∙ 1,419 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,419 Sqft ∙ Built 1983
    property image
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.09
    •  
  • 14006 Kathi Lynn Lane Sugar Land, TX 5
    • 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 1983
    property image
    LEASED 01/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.03
    •  
PROPERTY LISTING DETAILS
Matt Dietz
1.281.635.6081
Sugar Land Homes
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 93152232
Last Updated: 03/19/2021
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