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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $200.32
- 1 Days on Market
- MLS # : 11466533
- Updated Date : 07/13/2021 at 15:30
CONSTRUCTION
- Beds : 3
- Floor Size : 1,892 sqft
- Baths : 3 full , 1 half
Listing Agent
R. Alexa Group Llc
Listing Agent's Description
Come home daily to this charming and incredible townhome tucked away within a private gated community in a local Heights neighborhood. This Tuscan inspired home has 3 beds, 3.5 baths with a spacious open floor plan ready to entertain. Floors were updated with all hardwood flooring throughout the home, including all rooms that were previously carpet. Gourmet kitchen was updated with a hood/stove system for a gourmet cooking experience. Bathrooms have imported vanities and travertine tile and all existing appliances stay. Live on a wide and comfortable street and within walking distance to several restaurants such as Crisp, Cedar Creek and Rainbow Lodge. The ever popular and growing Heights restaurants, shops and parks are only a short drive away. All current appliances stay. Home is also zoned to acclaimed and amazing schools, including a magnet elementary school. Don't miss out on this amazing home in the city!
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: Shady Acres
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Shady Acres
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,470 |
| EXPENSES | Loan Payment | -$1,316 |
| Property Tax | -$799 | |
| Property Insurance | -$155 | |
| HOA | -$104 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$4
|
||
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.
$379,000
PROJECTED PRICE
$2,470
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 2.4% |
| 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
$106,185
LOAN DETAILS
$1,316
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $94,750 |
| Loan Amount | $284,250 |
2.25
YEARS SAVED
$5,655
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,470
LIST RENT -
$1.31
LIST RENT PER SQFT
-
$2,663
COMP ESTIMATED VALUE -
$1.41
COMP AVG. RENT PER SQFT
Comps Range
-
1426 W 21st Street Houston, TX 1
- 3 beds 4 baths ∙ 1,892 Sqft ∙ Built 2006 3 beds 4 baths ∙ 1,892 Sqft ∙ Built 2006
![property image]()
- Rent
- Rent Per SQFT
- $2,470
- $1.31
-
1431 W 24th Street Houston, TX 2
- 3 beds 3 baths ∙ 1,734 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,734 Sqft ∙ Built 2014
![property image]()
LEASED 11/01/20- Rent
- Rent Per SQFT
- $2,550
- $1.47
-
1623 W 23rd Street Houston, TX 3
- 3 beds 4 baths ∙ 1,996 Sqft ∙ Built 2015 3 beds 4 baths ∙ 1,996 Sqft ∙ Built 2015
![property image]()
LEASED 02/23/21- Rent
- Rent Per SQFT
- $2,650
- $1.33
-
1433 W 23rd Houston, TX 4
- 3 beds 4 baths ∙ 2,000 Sqft ∙ Built 2011 3 beds 4 baths ∙ 2,000 Sqft ∙ Built 2011
![property image]()
LEASED 12/06/20- Rent
- Rent Per SQFT
- $2,700
- $1.35
-
1540 W 24th Street Houston, TX 5
- 3 beds 3 baths ∙ 1,862 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,862 Sqft ∙ Built 2000
![property image]()
LEASED 10/29/20- Rent
- Rent Per SQFT
- $2,750
- $1.48
PROPERTY LISTING DETAILS
1.832.277.3725
R. Alexa Group Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 11466533
Last Updated: 07/13/2021
