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PROPERTY INFO
FACTS
- Single Family
- Built In 1982
- Price/Sqft : $112.73
- 7 Days on Market
- MLS # : 56161354
- Updated Date : 12/21/2020 at 11:59
CONSTRUCTION
- Beds : 3
- Floor Size : 1,924 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Realty -sw
Listing Agent's Description
Completely Renovated 2 Story Home in the Wonderful Community of Mission Bend San Miguel. New Roof 2020, Fresh Paint, New Stainless-Steel Appliances, Granite Counter-tops in both Kitchen and Bath, Custom Blinds, Large Lot with new fence and new siding. Updated fixtures and so much more! This home is a must see in a great location.
SEE MORE
- 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)
- Houston metro employment growth is at 1.8% and predicted to grow to 2.7% in 2019-20 (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Mission Bend San Miguel
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mission Bend San Miguel
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,500 |
| EXPENSES | Loan Payment | -$800 |
| Property Tax | -$378 | |
| Property Insurance | -$138 | |
| HOA | -$29 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$55
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.
$216,900
PROJECTED PRICE
$1,500
PROJECTED RENT
0.69%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.99% |
| Appreciation Year (1-5) | 7.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.01% |
| 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
$63,229
LOAN DETAILS
$800
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $54,225 |
| Loan Amount | $162,675 |
4.33
YEARS SAVED
$10,782
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,500
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$1,501
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
15315 Lindita Drive Houston, TX 5
- 3 beds 3 baths ∙ 1,924 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,924 Sqft ∙ Built 1982
- Rent
- Rent Per SQFT
- $1,500
- $0.78
-
15214 Loma Paseo Drive Houston, TX 1
- 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 1981
LEASED 03/06/20- Rent
- Rent Per SQFT
- $1,400
- $0.75
-
15618 Barbarossa Drive Houston, TX 2
- 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 1981
LEASED 06/03/20- Rent
- Rent Per SQFT
- $1,400
- $0.79
-
15307 Gran Vista Drive Houston, TX 3
- 3 beds 2 baths ∙ 1,912 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,912 Sqft ∙ Built 1981
LEASED 05/25/20- Rent
- Rent Per SQFT
- $1,449
- $0.76
-
7306 Loma Alta Drive Houston, TX 4
- 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 1981
LEASED 01/24/20- Rent
- Rent Per SQFT
- $1,450
- $0.82
PROPERTY LISTING DETAILS
1.832.788.2756
Keller Williams Realty -sw
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 56161354
Last Updated: 12/21/2020
