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15310 Wild Timber Trail Cypress, TX 77433

4 Beds 3 Baths 2,803 sqft Built 2002

$310,000

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $110.60
  • 4 Days on Market
  • MLS # : 31668184
  • Updated Date : 03/20/2021 at 20:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,803 sqft
  • Baths : 2 full , 1 half
Listing Agent

Wendy Cline Properties Group

Listing Agent's Description

You'll love this Charming 2 Story Home! Situated on a huge cul-de-sac lot in the sought after community of Fairfield Village West. Offering 4 Bedrooms (all upstairs), 2½ Bathrooms, a Formal Dining Room, a Study & a Gameroom! Giving a light & airy feel with its high ceilings and open floor plan. The Spacious Living Room offers a gas fireplace and it opens up to the Kitchen & Breakfast Bar featuring Custom Cabinets, Granite Counters, Samsung® Appliances & much more! The Large Master Retreat upstairs includes a private bath w/dual vanity sinks, a garden tub & a separate shower! Upstairs boasts a Gameroom, 3 additional Bedrooms & a Full Bath! Step outside to the huge backyard and patio with tons of space, perfect for family gatherings or even a pool! Additional Features & Upgrades Include: Engineered Wood & Tile in main living areas, 2019 Water Heater & 1 AC Unit Upstairs, Fully Remodeled Kitchen in 2018, Security Cameras, Ring Doorbell, Full Sprinkler Sys & More! Zoned to Cy-Fair ISD!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Fairfield Village South

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Neighborhood: Fairfield Village South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10722063

* 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
Ault Elementary School Primary Regular 1,010 51 8
Dr Cheryl Corbett Salyards Middle School Middle Unknown 1,544 80 NA
Bridgeland High School High Unknown NA

Ault Elementary School

  • Education Level: Primary
  • # of students: 1,010
  • # of teachers: 51
8
GreatSchools Rating

Dr Cheryl Corbett Salyards Middle School

  • Education Level: Middle
  • # of students: 1,544
  • # of teachers: 80
NA
GreatSchools Rating

Bridgeland High School

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

$279,000$341,000$310,000

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,077
Property Tax -$597
Property Insurance -$217
HOA -$79
Property Management Fees -$99
CASH FLOW
$132

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.

$310,000

PROJECTED PRICE

$2,200

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.8%
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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,077

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$11,365

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,376

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2003$2,2004$2,4005$2,400
$2,400
RENT COMPS ANALYSIS
  • 15310 Wild Timber Trail Cypress, TX 3
    • 4 beds 3 baths ∙ 2,803 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,803 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.78
    •  
  • 14822 Yellow Begonia Drive Cypress, TX 1
    • 4 beds 4 baths ∙ 2,652 Sqft ∙ Built 2009 4 beds 4 baths ∙ 2,652 Sqft ∙ Built 2009
    property image
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.83
    •  
  • 14610 Raleighs Meadow Court Cypress, TX 2
    • 4 beds 3 baths ∙ 2,760 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,760 Sqft ∙ Built 2016
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.80
    •  
  • 20803 S Blue Hyacinth Drive Cypress, TX 4
    • 4 beds 3 baths ∙ 2,700 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,700 Sqft ∙ Built 2010
    property image
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.89
    •  
  • 14614 W Bekapark Court Cypress, TX 5
    • 4 beds 4 baths ∙ 2,755 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,755 Sqft ∙ Built 2016
    property image
    LEASED 02/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.87
    •  
PROPERTY LISTING DETAILS
Wendy Cline
1.281.858.3429
Wendy Cline Properties Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 31668184
Last Updated: 03/20/2021
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