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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.

$99,825

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+1.9%)
1 YR. PROJ. APPRECIATION


Cap Rate	3.4%
Cash Flow	$1,704
Value Increase	$6,710

10 YEAR

Cash On Cash	-2.6%
Total Return	6.5%

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.

1 of 25 X

MARKET HIGHLIGHTS

Houston Market Report

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)

Neighborhood: Woodforest

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

Neighborhood: Woodforest

* 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

GreatSchools Rating

Peet Junior High School

Education Level: Middle
# of students: 1,211
# of teachers: 79

GreatSchools Rating

Conroe High School

Education Level: High
# of students: 3,480
# of teachers: 215

GreatSchools Rating

FINANCIALS

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$319,500$390,50000$355,000

PURCHASE PRICE

$2,250$2,75000$2,500

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

Learn how to read this

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

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

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

3.75%

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

2,802
PROPERTY SQFT
$0.91
AVG RENT PER SQFT
$2,543
ESTIMATED VALUE
$2,500
LIST RENT

149 Emory Birch Drive Montgomery, TX 2

4 beds 3 baths ∙ 2,802 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,802 Sqft ∙ Built 2017
Price

Price Per SQFT

$355,000

$126.70
150 Pronghorn Place Montgomery, TX 1

3 beds 3 baths ∙ 2,670 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,670 Sqft ∙ Built 2010
SOLD 12/30/20
Price

Price Per SQFT

$325,900

$122.06
130 Mayfield Drive Montgomery, TX 3

4 beds 3 baths ∙ 2,758 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,758 Sqft ∙ Built 2017
SOLD 11/19/20
Price

Price Per SQFT

$397,000

$143.94
114 Fox Rindle Road Montgomery, TX 4

3 beds 3 baths ∙ 2,655 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,655 Sqft ∙ Built 2015
SOLD 11/04/20
Price

Price Per SQFT

$404,000

$152.17
384 Ridgelake Scenic Drive Montgomery, TX 5

4 beds 4 baths ∙ 2,925 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,925 Sqft ∙ Built 2005
SOLD 09/30/20
Price

Price Per SQFT

$425,000

$145.30

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
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
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
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
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
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

149 Emory Birch Drive Montgomery, TX 77316

$355,000

$2,500

$99,825

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Rice Elementary School

Peet Junior High School

Conroe High School

FINANCIALS

$319,500$390,50000$355,000

$2,250$2,75000$2,500

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$355,000

$2,500

0.70%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$1,233

3.92

$12,412

$355,000

$126.7

$394,711

$140.87

COMPS RANGE

PRICE COMPS ANALYSIS

$2,500

$0.89

$2,543

$0.91

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS