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15027 Sugar Peak Drive Sugar Land, TX 77498

4 Beds 3 Baths 2,562 sqft Built 2005

$220,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $85.87
  • 6 Days on Market
  • MLS # : 11177388
  • Updated Date : 12/26/2020 at 10:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,562 sqft
  • Baths : 2 full , 1 half
Listing Agent

Precious Realty & Mortgage

Listing Agent's Description

***AVAILABLE TO SHOW STARTING 12/25 *** SPACIOUS HOUSE IN SUGAR LAND. NEW PAINT . NO CARPET. LIKE-NEW LAMINATE FLOOR UPSTAIR & IN ALL BEDROOMS. WELL-MAINTAINED. GOOD LOCATION. CLOSED TO GROCERIES STORES, RESTAURANT,...GREAT SCHOOL ZONE... FEW MINUTE ACCESS TO HWY 6, FWY 59... HOUSE DID NOT FLOOD. SCHEDULE YOUR SHOWING SOON.

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MARKET HIGHLIGHTS

  • 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: 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
 

$198,000$242,000$220,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$812
Property Tax -$443
Property Insurance -$175
HOA -$39
Property Management Fees -$99
CASH FLOW
$192

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.

$220,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.80%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$812

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$17,748

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,813

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7233$1,7604$1,7955$1,800
$1,800
RENT COMPS ANALYSIS
  • 15027 Sugar Peak Drive Sugar Land, TX 3
    • 4 beds 3 baths ∙ 2,562 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,562 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.69
    •  
  • 14954 Sugar Peak Drive Sugar Land, TX 1
    • 3 beds 3 baths ∙ 2,371 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,371 Sqft ∙ Built 2005
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.70
    •  
  • 14902 Sugar Cup Court Sugar Land, TX 2
    • 3 beds 3 baths ∙ 2,371 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,371 Sqft ∙ Built 2002
    property image
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,723
    • $0.73
    •  
  • 15014 Sugar Peak Drive Sugar Land, TX 4
    • 4 beds 3 baths ∙ 2,562 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,562 Sqft ∙ Built 2005
    property image
    LEASED 10/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.70
    •  
  • 15119 Newfield Bridge Lane Sugar Land, TX 5
    • 4 beds 3 baths ∙ 2,576 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,576 Sqft ∙ Built 2004
    property image
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.70
    •  
PROPERTY LISTING DETAILS
Tram Bui
1.832.846.9246
Precious Realty & Mortgage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 11177388
Last Updated: 12/26/2020
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