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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $137.91
- 5 Days on Market
- MLS # : 83534102
- Updated Date : 01/21/2021 at 09:13
CONSTRUCTION
- Beds : 3
- Floor Size : 2,023 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
Don't miss your chance to make this beautiful 3 bedroom, 2 bathroom home yours! Located in the popular neighborhood of Woodforest, surrounded by beautiful woods and expansive trails. This gorgeous single story home is complete with a large open floor plan the flows seamlessly from the kitchen to the living room. Located only 5 miles North of 1488, makes for an easy commute. Don't wait this one will go fast! Book your appointment today!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Woodforest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Woodforest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,000 |
| EXPENSES | Loan Payment | -$969 |
| Property Tax | -$588 | |
| Property Insurance | -$144 | |
| HOA | -$96 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$104
|
||
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.
$279,000
PROJECTED PRICE
$2,000
PROJECTED RENT
0.72%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 1.9% |
| 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
$79,685
LOAN DETAILS
$969
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $69,750 |
| Loan Amount | $209,250 |
3.58
YEARS SAVED
$8,992
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,000
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$2,175
COMP ESTIMATED VALUE -
$1.08
COMP AVG. RENT PER SQFT
Comps Range
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- $2,000
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-
216 Clementine Court Montgomery, TX 1
- 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 2016
LEASED 01/15/20- Rent
- Rent Per SQFT
- $1,950
- $1.07
-
183 Sunrise Haven Drive Montgomery, TX 3
- 4 beds 3 baths ∙ 2,372 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,372 Sqft ∙ Built 2017
LEASED 08/02/19- Rent
- Rent Per SQFT
- $2,300
- $0.97
-
246 N Lynx Trail Montgomery, TX 4
- 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 2019
LEASED 12/15/20- Rent
- Rent Per SQFT
- $2,350
- $1.10
-
210 Emory Birch Drive Montgomery, TX 5
- 4 beds 3 baths ∙ 2,158 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,158 Sqft ∙ Built 2018
LEASED 12/16/20- Rent
- Rent Per SQFT
- $2,500
- $1.16
PROPERTY LISTING DETAILS
1.832.655.5757
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 83534102
Last Updated: 01/21/2021
