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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $119.44
- 3 Days on Market
- MLS # : 82103182
- Updated Date : 12/19/2020 at 13:09
CONSTRUCTION
- Beds : 3
- Floor Size : 2,160 sqft
- Baths : 2 full , 1 half
Listing Agent
Bhgre Gary Greene
Listing Agent's Description
This beautiful home is nestled in a tree lined cul-de-sac zoned to CCISD! Home offers a huge backyard with an established gardening area, Ruby Red Grapefruit, Meyers Lemon, Navel Orange & Bananas trees, storage shed, deck/patio area, hot tub, fish pond. This original owner home has a multifunctional Floor plan, High Ceilings, Bright open formal living & dining w/extra space off the kitchen. Large Primary suite w/sep shower & jacuzzi tub, sep sinks & his/her closets. 3 additional rooms up. Game Room has its own closet & can be converted to study/4th bdrm. New carpet installed up & downstairs living room area. Recently painted Int & Ext, updated entry & Primary bath flooring, New Electrical Panel & Box. Refrigerator & W/D stay). Home is located across the street from Ward Elementary! Bay Glen Subdivision offers tennis/basketball courts, Baseball field, 3 pools, playgrounds & walking trails. This is a great neighborhood waiting for you to make it your own. Call me to make an appointment.
SEE MORE
- 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: Bay Glen
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bay Glen
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,940 |
| EXPENSES | Loan Payment | -$952 |
| Property Tax | -$622 | |
| Property Insurance | -$173 | |
| HOA | -$38 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$56
|
||
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.
$258,000
PROJECTED PRICE
$1,940
PROJECTED RENT
0.75%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 7.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.28% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$74,120
LOAN DETAILS
$952
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $64,500 |
| Loan Amount | $193,500 |
2.75
YEARS SAVED
$6,952
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,940
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,993
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
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1519 Pear Brook Trail Houston, TX 4
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- $1,940
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14806 Elk Hill Court Houston, TX 1
- 4 beds 3 baths ∙ 2,069 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,069 Sqft ∙ Built 1989
LEASED 02/28/20- Rent
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- $1,825
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15010 Penn Hills Lane Houston, TX 2
- 4 beds 2 baths ∙ 1,964 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,964 Sqft ∙ Built 1980
LEASED 12/20/19- Rent
- Rent Per SQFT
- $1,850
- $0.94
-
1619 Dogwood Brook Trail Houston, TX 3
- 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1989
LEASED 10/20/20- Rent
- Rent Per SQFT
- $1,875
- $0.94
-
14406 Circlewood Way Houston, TX 5
- 4 beds 3 baths ∙ 2,161 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,161 Sqft ∙ Built 1989
LEASED 06/09/20- Rent
- Rent Per SQFT
- $2,000
- $0.93
PROPERTY LISTING DETAILS
1.832.451.2206
Bhgre Gary Greene
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 82103182
Last Updated: 12/19/2020
