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14103 Cypress Meadows Drive Houston, TX 77047

3 Beds 2 Baths 1,436 sqft Built 2014

$185,000

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $128.83
  • 2 Days on Market
  • MLS # : 22956974
  • Updated Date : 11/28/2020 at 19:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,436 sqft
  • Baths : 2 full
Listing Agent

United Real Estate

Listing Agent's Description

Beautiful 1 story home features 3 bedrooms, 2 bath located in the beautiful & desirable Brunswick Lakes! This split floor plan has 2 bedrooms & full bath in the front of the home. Carpet & laminate flooring throughout!! Gourmet kitchen w/ gas free standing range & stainless steel microwave & dishwasher, breakfast bar, plenty of cabinet space, and pantry. Dining area off the kitchen Open Concept! Tons of natural light. Amazing primary bedroom suite features en suite w/ double sinks and large walk-in closet. Large, private fully fenced backyard with covered patio & tons of green space, great for entertaining guests! Houston ISD! Call today for your private showing!!

SEE MORE

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: Pearland

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $99k305k

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

Neighborhood: Pearland

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9692063

* 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
Law Elementary School Primary Magnet 748 39 3
Thomas Middle School Middle Regular 476 32 3
Worthing High School High Magnet 681 38 2

Law Elementary School

  • Education Level: Primary
  • # of students: 748
  • # of teachers: 39
3
GreatSchools Rating

Thomas Middle School

  • Education Level: Middle
  • # of students: 476
  • # of teachers: 32
3
GreatSchools Rating

Worthing High School

  • Education Level: High
  • # of students: 681
  • # of teachers: 38
2
GreatSchools Rating
 

$166,500$203,500$185,000

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$683
Property Tax -$402
Property Insurance -$124
HOA -$30
Property Management Fees -$99
CASH FLOW
$142

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.

$185,000

PROJECTED PRICE

$1,480

PROJECTED RENT

0.80%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 7.6%
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

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$54,775

INVESTMENT

$54,775

Down Payment
$46,250
Rehab Estimate
$5,750
Closing Costs
$2,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$683

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $46,250
Loan Amount $138,750
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$13,137

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,490

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4803$1,4954$1,5505$1,600
$1,600
RENT COMPS ANALYSIS
  • 14103 Cypress Meadows Drive Houston, TX 2
    • 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $1.03
    •  
  • 3419 Chateaucrest Court Houston, TX 1
    • 3 beds 2 baths ∙ 1,315 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,315 Sqft ∙ Built 2005
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.03
    •  
  • 14043 Suffolk Woods Lane Houston, TX 3
    • 4 beds 2 baths ∙ 1,380 Sqft ∙ Built 2012 4 beds 2 baths ∙ 1,380 Sqft ∙ Built 2012
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.08
    •  
  • 13907 Merganser Drive Houston, TX 4
    • 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 2012
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.96
    •  
  • 3611 Wigeon Ridge Lane Houston, TX 5
    • 3 beds 3 baths ∙ 1,484 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,484 Sqft ∙ Built 2012
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.08
    •  
PROPERTY LISTING DETAILS
Aaron Lathan
1.713.965.7165
United Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 22956974
Last Updated: 11/28/2020
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