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

153 Jaxxon Pointe Drive Montgomery, TX 77316

4 Beds 2 Baths 2,468 sqft Built 2013

$299,000

List Price

$2,300

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $121.15
  • 4 Days on Market
  • MLS # : 34525205
  • Updated Date : 01/07/2021 at 09:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,468 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Advtge Realty

Listing Agent's Description

If you're looking for a turn-key, this is it! Beautiful 1-story DR Horton home that is immaculate inside and out, and located in the highly sought after MISD section of Kinderwood. With 4 bedrooms and 2 bathrooms, and 2,468 sq feet of living space, there are plenty of rooms for everyone to claim as their own. All stainless steel appliances, plantation shutters, gorgeous hand-scraped wood flooring and beautiful tile make this house resemble a model home. The master includes a large walk-in shower, jetted garden tub, double vanity, as well as an oversized walk-in closet. On the outside, an extended patio makes you feel right at home, along with some beautiful uplighting in the front and back yard to highlight the house and landscaping. Can you say Curb Appeal! Come see this house before it is gone because it is priced to sell! The wonderful neighbors of Kinderwood can't wait to welcome you into your new home. Come see Woodforest for yourself, and why so many love it here!

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: Woodforest

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $113k451k

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

Neighborhood: Woodforest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10722693

* 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
Lone Star Elementary School Primary Regular 867 48 8
Oak Hills Junior High School Middle Regular NA
Lake Creek High School High Regular NA

Lone Star Elementary School

  • Education Level: Primary
  • # of students: 867
  • # of teachers: 48
8
GreatSchools Rating

Oak Hills Junior High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Lake Creek High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$269,100$328,900$299,000

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$1,039
Property Tax -$623
Property Insurance -$170
HOA -$96
Property Management Fees -$99
CASH FLOW
$274

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.

$299,000

PROJECTED PRICE

$2,300

PROJECTED RENT

0.77%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 1.9%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$21,449

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,300

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,382

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3003$2,5004$2,5005$2,600
$2,600
RENT COMPS ANALYSIS
  • 153 Jaxxon Pointe Drive Montgomery, TX 2
    • 4 beds 2 baths ∙ 2,468 Sqft ∙ Built 2013 4 beds 2 baths ∙ 2,468 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.93
    •  
  • 183 Sunrise Haven Drive Montgomery, TX 1
    • 4 beds 3 baths ∙ 2,372 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,372 Sqft ∙ Built 2017
    property image
    LEASED 08/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.97
    •  
  • 182 Jaxxon Pointe Drive Montgomery, TX 3
    • 4 beds 4 baths ∙ 2,790 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,790 Sqft ∙ Built 2013
    property image
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.90
    •  
  • 177 Emory Birch Drive Montgomery, TX 4
    • 4 beds 3 baths ∙ 2,624 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,624 Sqft ∙ Built 2018
    property image
    LEASED 01/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.95
    •  
  • 110 Red Deer Place Montgomery, TX 5
    • 3 beds 3 baths ∙ 2,498 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,498 Sqft ∙ Built 2012
    property image
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.04
    •  
PROPERTY LISTING DETAILS
Tiffany Albert
1.936.900.2399
Keller Williams Advtge Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 34525205
Last Updated: 01/07/2021
BESbswy