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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Fairfield Inwood Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$79,924
LOAN DETAILS
$972
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $69,975 |
| Loan Amount | $209,925 |
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
-
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
1.281.698.0240
Re/max Preferred Homes
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 66527783
Last Updated: 07/13/2021
