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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rolling Forest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$93,200
LOAN DETAILS
$1,146
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $82,500 |
| Loan Amount | $247,500 |
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
-
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
1.979.732.3302
Leyco Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 13622233
Last Updated: 01/30/2021
