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15407 Maple Village Court Cypress, TX 77433

4 Beds 3 Baths 2,323 sqft Built 1991

$279,900

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $120.49
  • 1 Days on Market
  • MLS # : 66527783
  • Updated Date : 07/13/2021 at 11:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,323 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Preferred Homes

Listing Agent's Description

Welcome to your stunning new home in the highly sought after neighborhood of Fairfield!! This gorgeous, two story home sits on culdesac lot around the corner from one of the many community pools and parks! Walk into your inviting space, with both formal dining and living areas, that hosts one of a kind vintage lighting, custom plantation shutters, hardwood floors and crown molding! Warm and cozy living room, with gas log fireplace, provides ample space to entertain guest. Updated kitchen boasts quartz countertops, updated backsplash and new stainless appliances with refrigerator included. Primary bathroom has been remodeled with HUGE walk-in shower, designer flooring, large tub, and provides bright, natural light and large walk-in closet! Beautiful backyard with mature trees for shade and play! THREE well placed storage sheds in backyard with new fence! Full sprinkler systems in front and back! Don't miss out on this LOVELY HOME!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Fairfield Inwood Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Neighborhood: Fairfield Inwood Park

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
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$972
Property Tax -$533
Property Insurance -$184
HOA -$79
Property Management Fees -$99
CASH FLOW
$43

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.

$279,900

PROJECTED PRICE

$1,910

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.8%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$972

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$6,060

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,911

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,7503$1,9104$2,0005$2,063
$2,063
RENT COMPS ANALYSIS
  • 15407 Maple Village Court Cypress, TX 3
    • 4 beds 3 baths ∙ 2,323 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,323 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.82
    •  
  • 20318 Willow Trace Drive Cypress, TX 1
    • 4 beds 2 baths ∙ 2,175 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,175 Sqft ∙ Built 1997
    property image
    LEASED 04/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.77
    •  
  • 20007 Maple Village Drive Cypress, TX 2
    • 4 beds 3 baths ∙ 2,238 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,238 Sqft ∙ Built 1998
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.78
    •  
  • 20322 Maple Village Drive Cypress, TX 4
    • 4 beds 2 baths ∙ 2,328 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,328 Sqft ∙ Built 1992
    property image
    LEASED 05/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.86
    •  
  • 15122 Red Cedar Bluff Lane Cypress, TX 5
    • 4 beds 2 baths ∙ 2,354 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,354 Sqft ∙ Built 1994
    property image
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,063
    • $0.88
    •  
PROPERTY LISTING DETAILS
Linda Blair
1.281.698.0240
Re/max Preferred Homes
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 66527783
Last Updated: 07/13/2021
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