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PROPERTY INFO
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
- 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
* 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
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
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
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$99,825
LOAN DETAILS
$1,233
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 3.75% |
Down Payment | $88,750 |
Loan Amount | $266,250 |
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
PROPERTY LISTING DETAILS
1.281.796.0239
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 60339042
Last Updated: 01/29/2021