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14711 Winding Hill Drive Magnolia, TX 77354

4 Beds 2 Baths 2,143 sqft Built 2006

$330,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $153.99
  • 3 Days on Market
  • MLS # : 13622233
  • Updated Date : 01/30/2021 at 08:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,143 sqft
  • Baths : 2 full
Listing Agent

Leyco Real Estate

Listing Agent's Description

This home displays so much of what makes Magnolia special. When you enter the neighborhood you can't help but notice the beautiful trees and the privacy they provide the homes tucked into their large lots. The front porch invites you into a warm entry way and formal dining room. Through the butler's pantry you walk into a large kitchen with a HUGE eat at island. Beautiful cabinetry, granite countertops, this is truly the heart of this home. Off the kitchen is another eat-in area that can be used for a breakfast table, an office or a playroom for the kids. The kitchen looks over the large living room where you will notice the beautiful wood floors. and windows looking out over your yard. Four large bedrooms with great closet space and two spacious bathrooms complete the floorplan. Through the backdoor you can envision sitting on your back porch enjoying the peace and quiet or watching the children play. Great schools and more!

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: Rolling Forest

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $105k330k

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

Neighborhood: Rolling Forest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341952

* 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
Magnolia Parkway Elementary School Primary Regular 673 44 5
Bear Branch Junior High School Middle Regular 977 51 7
Magnolia High School High Regular 1,794 118 7

Magnolia Parkway Elementary School

  • Education Level: Primary
  • # of students: 673
  • # of teachers: 44
5
GreatSchools Rating

Bear Branch Junior High School

  • Education Level: Middle
  • # of students: 977
  • # of teachers: 51
7
GreatSchools Rating

Magnolia High School

  • Education Level: High
  • # of students: 1,794
  • # of teachers: 118
7
GreatSchools Rating
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,146
Property Tax -$581
Property Insurance -$151
HOA -$17
Property Management Fees -$99
CASH FLOW
$6

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.

$330,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 3.9%
Maintenance Year (1-5) 8.00%
Vacancy 8.80%
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$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$7,571

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,089

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,960
1$1,9602$2,0003$2,075
$2,075
RENT COMPS ANALYSIS
  • 14711 Winding Hill Drive Magnolia, TX 2
    • 4 beds 2 baths ∙ 2,143 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,143 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.93
    •  
  • 40739 Gate Ridge Drive Magnolia, TX 1
    • 3 beds 3 baths ∙ 2,008 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,008 Sqft ∙ Built 2020
    LEASED 12/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.98
    •  
  • 12626 Alta Vista Magnolia, TX 3
    • 4 beds 3 baths ∙ 2,141 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,141 Sqft ∙ Built 2020
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,075
    • $0.97
    •  
PROPERTY LISTING DETAILS
Kimberly Johnson
1.979.732.3302
Leyco Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 13622233
Last Updated: 01/30/2021
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