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149 Emory Birch Drive Montgomery, TX 77316

5 Beds 3 Baths 2,802 sqft Built 2017

$355,000

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $126.70
  • 3 Days on Market
  • MLS # : 60339042
  • Updated Date : 01/29/2021 at 19:30
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,802 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Lovely open concept home perfectly maintained and filled with sought after features including: Hardwood floors in most of the downstairs, high ceilings in Living room, lots of windows that provide amazing natural light throughout home, kitchen with tons of storage space and overlooking the view of the backyard and reserve, water softener system, drinking water system, back fence gate provides walking access to community pool without crossing streets, extra concrete path in driveway to side of home for trash cans, theater projector in game room, blinds on all windows, dazzling large patio deck with decorative lights. This is the place where you will find everything you have been looking for and more, providing a calming and private oasis for you to call home.

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: Woodforest

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $113k451k

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

Neighborhood: Woodforest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10722693

* 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
Rice Elementary School Primary Regular 666 40 4
Peet Junior High School Middle Regular 1,211 79 6
Conroe High School High Regular 3,480 215 4

Rice Elementary School

  • Education Level: Primary
  • # of students: 666
  • # of teachers: 40
4
GreatSchools Rating

Peet Junior High School

  • Education Level: Middle
  • # of students: 1,211
  • # of teachers: 79
6
GreatSchools Rating

Conroe High School

  • Education Level: High
  • # of students: 3,480
  • # of teachers: 215
4
GreatSchools Rating
 

$319,500$390,500$355,000

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$1,233
Property Tax -$741
Property Insurance -$189
HOA -$96
Property Management Fees -$99
CASH FLOW
$142

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.

$355,000

PROJECTED PRICE

$2,500

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 1.9%
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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$99,825

INVESTMENT

$99,825

Down Payment
$88,750
Rehab Estimate
$5,750
Closing Costs
$5,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,233

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $88,750
Loan Amount $266,250
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$12,412

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,500

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,543

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,3503$2,5004$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 149 Emory Birch Drive Montgomery, TX 5
    • 4 beds 3 baths ∙ 2,802 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,802 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.89
    •  
  • 107 Forest Heights Way Montgomery, TX 1
    • 4 beds 3 baths ∙ 2,568 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,568 Sqft ∙ Built 2015
    property image
    LEASED 08/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.88
    •  
  • 109 Logan Pass Court Montgomery, TX 2
    • 4 beds 4 baths ∙ 2,617 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,617 Sqft ∙ Built 2015
    property image
    LEASED 08/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.90
    •  
  • 182 Jaxxon Pointe Drive Montgomery, TX 3
    • 4 beds 4 baths ∙ 2,790 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,790 Sqft ∙ Built 2013
    property image
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.90
    •  
  • 177 Emory Birch Drive Montgomery, TX 4
    • 4 beds 3 baths ∙ 2,624 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,624 Sqft ∙ Built 2018
    property image
    LEASED 01/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.95
    •  
PROPERTY LISTING DETAILS
Matias Bulox
1.281.796.0239
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 60339042
Last Updated: 01/29/2021
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