Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

15510 Valley Plum Court Cypress, TX 77433

4 Beds 4 Baths 2,486 sqft Built 1996

$325,000

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $130.73
  • 3 Days on Market
  • MLS # : 81269930
  • Updated Date : 12/11/2020 at 17:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,486 sqft
  • Baths : 3 full , 1 half
Listing Agent

Mark Dimas Properties

Listing Agent's Description

Immaculate two-story home in Fairfield boasting a backyard oasis with a dazzling pool, spa, rock waterfall, a fire-pit area, a covered back patio, & no back neighbor for added privacy, perfect for entertaining! Inside, there's updated wood-look tile & hardwood flooring throughout, high ceilings, & large windows allowing plenty of natural light! The 1st floor offers crown molding in the formal dining, a cozy fireplace living room, & a breakfast room adjacent to the stunning kitchen with recently updated granite countertops & subway backsplash, stainless steel appliances, & recessed lighting! Also downstairs is the utility room, half bath, & spacious master suite featuring a bay window, dual sinks, whirlpool tub, separate shower, & walk-in closet! Upstairs, you’ll find the open game room with a projector & 7.1 surround system, three secondary bedrooms, & the 2nd full bath! This home rests on a cul-de-sac lot with easy access to Houston Premium Outlets, Hwy 290, & the Grand Parkway!

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: Parkland Village

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k320k

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

Neighborhood: Parkland Village

ZipNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10722179

* 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
Wells Elementary School Primary Regular NA
Smith Middle School Middle Regular 959 52 10
Bridgeland High School High Regular NA

Wells Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Smith Middle School

  • Education Level: Middle
  • # of students: 959
  • # of teachers: 52
10
GreatSchools Rating

Bridgeland High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$1,199
Property Tax -$618
Property Insurance -$195
HOA -$80
Property Management Fees -$99
CASH FLOW
$168

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.

$325,000

PROJECTED PRICE

$2,360

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 3.8%
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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$17,914

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,436

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,3603$2,500
$2,500
RENT COMPS ANALYSIS
  • 15510 Valley Plum Court Cypress, TX 2
    • 4 beds 4 baths ∙ 2,486 Sqft ∙ Built 1996 4 beds 4 baths ∙ 2,486 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $0.95
    •  
  • 16643 Highland Country Drive Cypress, TX 1
    • 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2016
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.96
    •  
  • 19306 Tapalcomes Drive Cypress, TX 3
    • 4 beds 4 baths ∙ 2,502 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,502 Sqft ∙ Built 2016
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.00
    •  
PROPERTY LISTING DETAILS
Mark Dimas
1.281.861.6199
Mark Dimas Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 81269930
Last Updated: 12/11/2020
BESbswy