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15322 Sam Road Sugar Land, TX 77498

3 Beds 2 Baths 1,460 sqft Built 1986

$220,000

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $150.68
  • 8 Days on Market
  • MLS # : 68257279
  • Updated Date : 02/09/2021 at 15:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,460 sqft
  • Baths : 2 full
Listing Agent

Re/max Legacy Living

Listing Agent's Description

Welcome to this cozy one story home, in an established neighborhood in Sugarland. This home offers 3 bedrooms and 2 full baths, sitting on a big LOT, open concept, laminated floors throughout the home and is ready to move in!! close to freeways and shopping centers. LOW TAXES, no flooding area, schedule your appointment today!

SEE MORE

MARKET HIGHLIGHTS

  • 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: Four Corners

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $113k352k

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

Neighborhood: Four Corners

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800190020002100Rent in $8962179

* 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
Fleming Elementary School Primary Regular 728 49 5
Garcia Middle School Middle Regular 1,276 66 9
Austin High School High Regular 2,315 121 9

Fleming Elementary School

  • Education Level: Primary
  • # of students: 728
  • # of teachers: 49
5
GreatSchools Rating

Garcia Middle School

  • Education Level: Middle
  • # of students: 1,276
  • # of teachers: 66
9
GreatSchools Rating

Austin High School

  • Education Level: High
  • # of students: 2,315
  • # of teachers: 121
9
GreatSchools Rating
 

$198,000$242,000$220,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$764
Property Tax -$443
Property Insurance -$111
Property Management Fees -$99
CASH FLOW
$113

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.

$220,000

PROJECTED PRICE

$1,530

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 6.0%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$764

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$10,562

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,413

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,5303$1,5504$1,5505$1,690
$1,690
RENT COMPS ANALYSIS
  • 15322 Sam Road Sugar Land, TX 2
    • 3 beds 2 baths ∙ 1,460 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,460 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $1.05
    •  
  • 10530 Sugarbridge Trail Sugar Land, TX 1
    • 3 beds 2 baths ∙ 1,495 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,495 Sqft ∙ Built 2004
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.94
    •  
  • 14930 Sugarhollow Drive Sugar Land, TX 3
    • 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 2002
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.95
    •  
  • 10522 Sugarbridge Trail Sugar Land, TX 4
    • 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 2003
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.95
    •  
  • 10607 Sugar Trace Drive Sugar Land, TX 5
    • 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 2005
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $1.03
    •  
PROPERTY LISTING DETAILS
Joseline Vana
1.832.527.6720
Re/max Legacy Living
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 68257279
Last Updated: 02/09/2021
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