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14906 Falcon Bluff Drive Cypress, TX 77429

4 Beds 2 Baths 2,134 sqft Built 2016

$263,500

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $123.48
  • 3 Days on Market
  • MLS # : 68018665
  • Updated Date : 01/08/2021 at 13:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,134 sqft
  • Baths : 2 full
Listing Agent

Douglas Elliman Real Estate

Listing Agent's Description

Do not miss out on this beautiful one-story home in StableWoods Farm Community! This 4 bedroom home was built by Horizon homes. This home has an open floor plan, and no neighbors in the backyard! All Appliances are included in this home! The seller built this home with love and care. Every option was hand-selected by the seller! This a turnkey home!

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MARKET HIGHLIGHTS

  • 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)
  • Houston metro contributes to 29.5% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Cypress

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k306k

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

Neighborhood: Cypress

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10722063

* 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
Farney Elementary School Primary Regular 1,123 59 9
Goodson Middle School Middle Regular 1,265 69 8
Cypress Woods High School High Regular 3,286 178 9

Farney Elementary School

  • Education Level: Primary
  • # of students: 1,123
  • # of teachers: 59
9
GreatSchools Rating

Goodson Middle School

  • Education Level: Middle
  • # of students: 1,265
  • # of teachers: 69
8
GreatSchools Rating

Cypress Woods High School

  • Education Level: High
  • # of students: 3,286
  • # of teachers: 178
9
GreatSchools Rating
 

$237,150$289,850$263,500

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$915
Property Tax -$501
Property Insurance -$171
HOA -$55
Property Management Fees -$99
CASH FLOW
$118

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.

$263,500

PROJECTED PRICE

$1,860

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 6.0%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,578

INVESTMENT

$75,578

Down Payment
$65,875
Rehab Estimate
$5,750
Closing Costs
$3,953

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$915

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,875
Loan Amount $197,625
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$10,476

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,835

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7753$1,8504$1,8605$1,950
$1,950
RENT COMPS ANALYSIS
  • 14906 Falcon Bluff Drive Cypress, TX 4
    • 4 beds 2 baths ∙ 2,134 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,134 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.87
    •  
  • 16119 Horseshoe Hill Court Cypress, TX 1
    • 3 beds 2 baths ∙ 2,148 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,148 Sqft ∙ Built 2003
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.81
    •  
  • 15010 Colt Springs Court Cypress, TX 2
    • 3 beds 2 baths ∙ 1,999 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,999 Sqft ∙ Built 2006
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.89
    •  
  • 16030 Dehay Lane Cypress, TX 3
    • 4 beds 3 baths ∙ 2,153 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,153 Sqft ∙ Built 2017
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.86
    •  
  • 15902 Arapaho Bend Lane Cypress, TX 5
    • 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 2010
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.88
    •  
PROPERTY LISTING DETAILS
James Kwon
1.832.228.6206
Douglas Elliman Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 68018665
Last Updated: 01/08/2021
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