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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $134.23
- 2 Days on Market
- MLS # : 29385913
- Updated Date : 07/12/2021 at 13:28
CONSTRUCTION
- Beds : 3
- Floor Size : 1,490 sqft
- Baths : 2 full
Listing Agent
Keller Williams Signature
Listing Agent's Description
One-story, 3 bedroom home with a charming front porch situated on a corner lot. Recent paint, carpet, laminate wood floors, and so much more! This home boasts a front study with classic French doors and modern toned flooring. The stylish laminate wood floors carry into the family room, hallways, and primary bedroom. Open family room with tray ceiling with efforless flow into the kitchen and other living areas. Kitchen with breakfast bar, ample granite counter space, warm cabinetry, pantry, and black appliances. Adjacent breakfast area for all your dining needs leads to the great backyard with a covered back patio that you will be sure to enjoy! Owner's retreat with tray ceiling, walk in closet, and ensuite bath with double sinks, separate shower, and tub. Spacious secondary bedrooms with shared full bathroom. Great location zoned to Katy ISD with quick access to I-10, shopping, dining, and entertainment!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Stone Crest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Stone Crest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,590 |
| EXPENSES | Loan Payment | -$695 |
| Property Tax | -$470 | |
| Property Insurance | -$128 | |
| HOA | -$35 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$164
|
||
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.
$200,000
PROJECTED PRICE
$1,590
PROJECTED RENT
0.80%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 6.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.28% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$58,750
LOAN DETAILS
$695
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $50,000 |
| Loan Amount | $150,000 |
5.5
YEARS SAVED
$12,021
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,590
LIST RENT -
$1.07
LIST RENT PER SQFT
-
$1,583
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
-
1406 S Maple Drive Katy, TX 1
- 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 2012
![property image]()
- Rent
- Rent Per SQFT
- $1,590
- $1.07
-
24515 Hampton Lakes Drive Katy, TX 2
- 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 2007
![property image]()
LEASED 10/13/20- Rent
- Rent Per SQFT
- $1,600
- $1.06
-
1411 S Maple Drive Katy, TX 3
- 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 2012
![property image]()
LEASED 07/06/21- Rent
- Rent Per SQFT
- $1,650
- $1.03
-
1931 Boren Drive Katy, TX 4
- 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 2009
![property image]()
LEASED 08/28/20- Rent
- Rent Per SQFT
- $1,750
- $1.06
-
1251 S Maple Drive Katy, TX 5
- 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 2015
![property image]()
LEASED 04/01/21- Rent
- Rent Per SQFT
- $1,800
- $1.10
PROPERTY LISTING DETAILS
1.713.252.3862
Keller Williams Signature
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 29385913
Last Updated: 07/12/2021
