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15 Vinca Trail The Woodlands, TX 77382

4 Beds 3 Baths 2,293 sqft Built 2001

$349,000

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $152.20
  • 5 Days on Market
  • MLS # : 70238192
  • Updated Date : 01/14/2021 at 09:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,293 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Don't miss your chance to make this beautiful 2-story, home yours! Located in the heart of The Woodlands in the much sought after neighborhood of Alden Bridge. This 4 bedroom home is complete with a bonus room or office space, 2.5 bathrooms, a large open layout and a massive back porch perfect for all entertaining needs! Situated close to 1488 and 45 for easy commuting access. Don't wait, schedule your showing now!

SEE MORE

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: Alden Bridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $113k391k

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

Neighborhood: Alden Bridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10722322

* 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
Buckalew Elementary School Primary Regular 698 39 10
Mccullough Junior High School Middle Regular 2,229 120 10
The Woodlands High School Senior Campus High Regular 4,142 228 9

Buckalew Elementary School

  • Education Level: Primary
  • # of students: 698
  • # of teachers: 39
10
GreatSchools Rating

Mccullough Junior High School

  • Education Level: Middle
  • # of students: 2,229
  • # of teachers: 120
10
GreatSchools Rating

The Woodlands High School Senior Campus

  • Education Level: High
  • # of students: 4,142
  • # of teachers: 228
9
GreatSchools Rating
 

$314,100$383,900$349,000

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,212
Property Tax -$694
Property Insurance -$160
Property Management Fees -$99
CASH FLOW
$5

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.

$349,000

PROJECTED PRICE

$2,170

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 2.9%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,235

INVESTMENT

$98,235

Down Payment
$87,250
Rehab Estimate
$5,750
Closing Costs
$5,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,212

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,250
Loan Amount $261,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$6,644

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,170

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,155

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0003$2,1204$2,1705$2,300
$2,300
RENT COMPS ANALYSIS
  • 15 Vinca Trail The Woodlands, TX 4
    • 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $0.95
    •  
  • 151 W Sundance Circle Spring, TX 1
    • 4 beds 3 baths ∙ 2,162 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,162 Sqft ∙ Built 1999
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.90
    •  
  • 14 Shellbark Place Spring, TX 2
    • 3 beds 3 baths ∙ 2,300 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,300 Sqft ∙ Built 1999
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.87
    •  
  • 66 S Wynnoak Circle The Woodlands, TX 3
    • 4 beds 2 baths ∙ 2,177 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,177 Sqft ∙ Built 1999
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $0.97
    •  
  • 35 Tallow Hill Place The Woodlands, TX 5
    • 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 1999
    LEASED 12/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.02
    •  
PROPERTY LISTING DETAILS
Joel Griffin
1.832.655.5757
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 #: 70238192
Last Updated: 01/14/2021
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