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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $78.60
- 3 Days on Market
- MLS # : 44112365
- Updated Date : 01/23/2021 at 11:32
CONSTRUCTION
- Beds : 5
- Floor Size : 2,290 sqft
- Baths : 2 full , 1 half
Listing Agent
United Real Estate
Listing Agent's Description
5 Bedroom, 2.5 bath in Stonehedge! Ground floor Primary Bedroom! Formal Dining Room or Study? Spacious secondary bedrooms and gameroom area on second level. Come See, Come Buy - A little work, a few changes and you can call it Home!
SEE MORE
- 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
Zip Code: 77073
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 77073
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,730 |
| EXPENSES | Loan Payment | -$625 |
| Property Tax | -$426 | |
| Property Insurance | -$182 | |
| HOA | -$42 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$356
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.
$180,000
PROJECTED PRICE
$1,730
PROJECTED RENT
0.96%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.99% |
| Appreciation Year (1-5) | 8.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.01% |
| 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
$53,450
LOAN DETAILS
$625
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $45,000 |
| Loan Amount | $135,000 |
11.42
YEARS SAVED
$31,365
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,730
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$1,683
COMP ESTIMATED VALUE -
$0.73
COMP AVG. RENT PER SQFT
Comps Range
-
1423 Stone Bluff Drive Houston, TX 4
- 5 beds 3 baths ∙ 2,290 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,290 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $1,730
- $0.76
-
19902 Bettencourt Lane Houston, TX 1
- 4 beds 3 baths ∙ 2,231 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,231 Sqft ∙ Built 2006
LEASED 01/14/21- Rent
- Rent Per SQFT
- $1,599
- $0.72
-
19830 Bettencourt Lane Houston, TX 2
- 4 beds 3 baths ∙ 2,144 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,144 Sqft ∙ Built 2006
LEASED 01/07/21- Rent
- Rent Per SQFT
- $1,625
- $0.76
-
18910 W Hardy Road Houston, TX 3
- 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 2015
LEASED 03/13/20- Rent
- Rent Per SQFT
- $1,650
- $0.72
-
17419 Sterling Stone Drive Houston, TX 5
- 4 beds 3 baths ∙ 2,373 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,373 Sqft ∙ Built 2012
LEASED 07/26/19- Rent
- Rent Per SQFT
- $1,750
- $0.74
PROPERTY LISTING DETAILS
1.281.845.4205
United Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 44112365
Last Updated: 01/23/2021
