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14431 Chestnut Falls Drive Cypress, TX 77433

3 Beds 2 Baths 1,910 sqft Built 1997

$255,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $133.51
  • 5 Days on Market
  • MLS # : 19425658
  • Updated Date : 02/25/2021 at 20:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,910 sqft
  • Baths : 2 full
Listing Agent

Texas Trust Real Estate

Listing Agent's Description

Gorgeous, updated home in the desirable Fairfield subdivision. Great curb appeal and it's on an extra large lot and has beautiful mature trees. As you enter this warm and friendly home an art niche and beautiful tile floors welcome you. Home is open with a split floor plan, large family room with fireplace, chef's kitchen with lots of cabinets and granite. stainless steel appliances, kitchen island, beautiful custom barn door opens to study, and large primary bedroom and bath. Home has new gutters, newer hvac, new windows, and extended back patio. Adorable playhouse in backyard. This home has so much to offer!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Houston metro employment growth is at 1.8% and predicted to grow to 2.7% in 2019-20 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Fairfield Inwood Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Neighborhood: Fairfield Inwood Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10722063

* 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
Ault Elementary School Primary Regular 1,010 51 8
Dr Cheryl Corbett Salyards Middle School Middle Unknown 1,544 80 NA
Bridgeland High School High Unknown NA

Ault Elementary School

  • Education Level: Primary
  • # of students: 1,010
  • # of teachers: 51
8
GreatSchools Rating

Dr Cheryl Corbett Salyards Middle School

  • Education Level: Middle
  • # of students: 1,544
  • # of teachers: 80
NA
GreatSchools Rating

Bridgeland High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$229,500$280,500$255,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$886
Property Tax -$486
Property Insurance -$156
HOA -$72
Property Management Fees -$99
CASH FLOW
$10

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.

$255,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$886

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$4,393

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,705

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6003$1,6504$1,7005$1,710
$1,710
RENT COMPS ANALYSIS
  • 14431 Chestnut Falls Drive Cypress, TX 5
    • 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.90
    •  
  • 19606 Hardwood Ridge Trail Cypress, TX 1
    • 3 beds 2 baths ∙ 1,813 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,813 Sqft ∙ Built 2008
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.85
    •  
  • 14722 Fir Knoll Way Cypress, TX 2
    • 3 beds 2 baths ∙ 1,813 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,813 Sqft ∙ Built 2010
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.88
    •  
  • 19610 Cypriate Trail Cypress, TX 3
    • 3 beds 2 baths ∙ 1,831 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,831 Sqft ∙ Built 2009
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.90
    •  
  • 19618 Atherton Bend Lane Cypress, TX 4
    • 3 beds 2 baths ∙ 1,813 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,813 Sqft ∙ Built 2011
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.94
    •  
PROPERTY LISTING DETAILS
Kristen Novicke
1.979.885.8426
Texas Trust Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 19425658
Last Updated: 02/25/2021
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