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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Woodforest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$84,985
LOAN DETAILS
$1,039
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $74,750 |
| Loan Amount | $224,250 |
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
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- Rent
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- $2,300
- $0.93
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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
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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
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LEASED 01/05/21- Rent
- Rent Per SQFT
- $2,500
- $0.95
-
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- 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
1.936.900.2399
Keller Williams Advtge Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 34525205
Last Updated: 01/07/2021
