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PROPERTY INFO
FACTS
- Single Family
- Built In 1981
- Price/Sqft : $121.56
- 2 Days on Market
- MLS # : 91770416
- Updated Date : 02/13/2021 at 11:42
CONSTRUCTION
- Beds : 3
- Floor Size : 1,892 sqft
- Baths : 2 full
Listing Agent
Roreco
Listing Agent's Description
Don't miss out on this Fabulous 3 Bedroom home located in the prestigious Copperfield neighborhood with the outstanding Cypress Fairbanks School District. Beautiful mature trees,3 car garage,corner lot,2 blocks to neighborhood park,community swimming pool,walking distance to schools,restaurants,shopping,grocery store. Easy access to Hwy 6 & 290. The spacious Living room showcases a beautiful fireplace mantle,new flooring, ceiling fan. A spacious Primary Bedroom which leads into your own private oasis and retreat features dual undermount sinks,two walk in closets,quartz countertops,new light fixtures,custom built ins,new faucets,totally new renovated shower,new flooring. New interior paint can be viewed throughout the home,new carpet, new roof OCT 2020,new water heater,new French doors,new light fixtures throughout. The oversized backyard is great for any entertainment you desire. Home has over 30K in new upgrades. NEVER FLOODED! Stop by today,view the rare gem home and fall in love.
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: Copperfield Middlegate Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Copperfield Middlegate Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,650 |
| EXPENSES | Loan Payment | -$799 |
| Property Tax | -$485 | |
| Property Insurance | -$155 | |
| HOA | -$52 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$60
|
||
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.
$230,000
PROJECTED PRICE
$1,650
PROJECTED RENT
0.72%
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
$66,700
LOAN DETAILS
$799
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $57,500 |
| Loan Amount | $172,500 |
3.17
YEARS SAVED
$5,844
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,650
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,651
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
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15431 Glenwood Park Dr Houston, TX 4
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- $1,650
- $0.87
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15827 Maple Manor Drive Houston, TX 1
- 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 1983
LEASED 04/08/20- Rent
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- $1,495
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8107 Town Creek Drive Houston, TX 2
- 3 beds 2 baths ∙ 1,839 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,839 Sqft ∙ Built 1981
LEASED 05/17/20- Rent
- Rent Per SQFT
- $1,590
- $0.86
-
15302 Quiet Creek Drive Houston, TX 3
- 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 1980
LEASED 01/18/21- Rent
- Rent Per SQFT
- $1,600
- $0.87
-
15515 Windy Cove Drive Houston, TX 5
- 3 beds 3 baths ∙ 1,988 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,988 Sqft ∙ Built 1982
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,850
- $0.93
PROPERTY LISTING DETAILS
1.281.788.1461
Roreco
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 91770416
Last Updated: 02/13/2021
