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15314 Woodland Orchard Lane Cypress, TX 77433

4 Beds 3 Baths 2,667 sqft Built 1991

$275,000

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $103.11
  • 3 Days on Market
  • MLS # : 43393986
  • Updated Date : 02/06/2021 at 21:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,667 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Premier Realty

Listing Agent's Description

Come see this gorgeous 4-bedroom 2.5 bath 2-story home situated on a quiet street in Fairfield's Garden Grove. Featuring formal living and dining areas as well as an inviting family room with a cozy fireplace and oversized windows which highlight the stunning flooring and architectural design touches, this home is too good to miss!. The beautiful kitchen includes a large island with cooktop, granite counter tops and ample cabinet storage. The primary retreat is the perfect get away for the end of the day with its wood tile flooring, natural light as well as a walk in closet and updated primary bath with walk-in shower & garden tub. Be sure to hangout in the upstairs game room on game day conveniently located central to the three upstairs bedrooms! With quick access to walking trails, fish-stocked lakes, splash pad, community pool, Rec center, and dog park, this home is in close vicinity to all that Fairfield has to offer and offers easy access to 290 and Grand Parkway.

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 Garden Grove

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Neighborhood: Fairfield Garden Grove

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10722135

* 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
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$955
Property Tax -$569
Property Insurance -$207
HOA -$76
Property Management Fees -$99
CASH FLOW
$203

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.

$275,000

PROJECTED PRICE

$2,110

PROJECTED RENT

0.77%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 7.1%
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-$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$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$15,289

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,100

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$2,1003$2,1104$2,2755$2,395
$2,395
RENT COMPS ANALYSIS
  • 15314 Woodland Orchard Lane Cypress, TX 3
    • 4 beds 3 baths ∙ 2,667 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,667 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $0.79
    •  
  • 15322 Woodland Orchard Lane Cypress, TX 1
    • 4 beds 2 baths ∙ 2,439 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,439 Sqft ∙ Built 1990
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.76
    •  
  • 15215 Freestone Peach Lane Cypress, TX 2
    • 4 beds 3 baths ∙ 2,610 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,610 Sqft ∙ Built 1991
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.80
    •  
  • 15322 Rocky Bridge Lane Cypress, TX 4
    • 4 beds 3 baths ∙ 2,860 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,860 Sqft ∙ Built 1993
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $0.80
    •  
  • 20439 Concord Hill Drive Cypress, TX 5
    • 4 beds 3 baths ∙ 3,013 Sqft ∙ Built 1996 4 beds 3 baths ∙ 3,013 Sqft ∙ Built 1996
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.79
    •  
PROPERTY LISTING DETAILS
Christy Bohlen
1.832.795.1915
Keller Williams Premier Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 43393986
Last Updated: 02/06/2021
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