Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

14914 Sugar Crystal Court Sugar Land, TX 77498

4 Beds 3 Baths 2,182 sqft Built 2002

$250,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $114.57
  • 3 Days on Market
  • MLS # : 68915613
  • Updated Date : 02/06/2021 at 15:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,182 sqft
  • Baths : 2 full , 1 half
Listing Agent

Offerpad Brokerage, Llc

Listing Agent's Description

Move-in Ready! Don't miss this spacious two-story home located in Sugar Grove community in Sugar Land. This home has recent updates. No carpet in this home. New engineered hardwood flooring in the living area and bedrooms. Enjoy the open feel with vaulted ceilings and fireplace in the living area. Recent paint and light fixtures. New appliances in kitchen. Recent water heater and water filter included. This one will not last long. Easy access to Hwy 6 and Hwy 90 and minutes from I-69/I-59. Many shopping options to choose from within minutes of HEB, Kroger and First Colony Mall. Zoned to Kempner HS.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Sugar Grove

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $113k352k

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

Neighborhood: Sugar Grove

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10722179

* 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
Rita Drabek Elementary School Primary Regular 863 54 9
Sugar Land Middle School Middle Regular 1,222 67 7
Kempner High School High Regular 2,397 124 7

Rita Drabek Elementary School

  • Education Level: Primary
  • # of students: 863
  • # of teachers: 54
9
GreatSchools Rating

Sugar Land Middle School

  • Education Level: Middle
  • # of students: 1,222
  • # of teachers: 67
7
GreatSchools Rating

Kempner High School

  • Education Level: High
  • # of students: 2,397
  • # of teachers: 124
7
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$868
Property Tax -$503
Property Insurance -$153
HOA -$35
Property Management Fees -$99
CASH FLOW
$51

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.

$250,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 8.5%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$6,267

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,735

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,7003$1,7104$1,7235$1,795
$1,795
RENT COMPS ANALYSIS
  • 14914 Sugar Crystal Court Sugar Land, TX 3
    • 4 beds 3 baths ∙ 2,182 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,182 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.78
    •  
  • 14911 Sugar Cup Court Sugar Land, TX 1
    • 4 beds 2 baths ∙ 1,983 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,983 Sqft ∙ Built 2002
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.81
    •  
  • 10307 Pinetown Bridge Lane Sugar Land, TX 2
    • 3 beds 2 baths ∙ 2,028 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,028 Sqft ∙ Built 2004
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.84
    •  
  • 14902 Sugar Cup Court Sugar Land, TX 4
    • 3 beds 3 baths ∙ 2,371 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,371 Sqft ∙ Built 2002
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,723
    • $0.73
    •  
  • 14939 Sugar Peak Sugar Land, TX 5
    • 4 beds 3 baths ∙ 2,251 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,251 Sqft ∙ Built 2005
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.80
    •  
PROPERTY LISTING DETAILS
Pamela Adkins
1.346.375.4611
Offerpad Brokerage, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 68915613
Last Updated: 02/06/2021
BESbswy