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15627 Brookwood Lake Place Sugar Land, TX 77498

4 Beds 3 Baths 2,266 sqft Built 1995

$265,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $116.95
  • 4 Days on Market
  • MLS # : 26852626
  • Updated Date : 01/15/2021 at 17:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,266 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty, Llc

Listing Agent's Description

"Sugar Land Stunner"... Let's start with the awesome location, minutes from Hwy 6 and Hwy 99, which means shopping and restaurants are minutes away. Buy this house and you will for sure be the designated host/hostess for all gatherings all 2021!! Fresh interior paint, vinyl flooring on the first level, brand new carpet on the second level. The kitchen is completely renovated to reveal new cabinets, granite counter tops, stainless steel appliance, and lighting. Follow me upstairs to the Primary suite where you will be greeted with a grand primary bedroom and bath. Spa like bath with updated counter top, separate tub and shower. Make sure you come and see 15627 Brookwood Lake for yourself!!*******OPEN HOUSE SUNDAY JANUARY 17th 2-4pm************

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Houston metro contributes to 29.5% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Village of Oak Lake

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $113k352k

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

Neighborhood: Village of Oak Lake

NeighborhoodNIR 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
Oyster Creek Elementary School Primary Regular 775 51 8
Garcia Middle School Middle Regular 1,276 66 9
Austin High School High Regular 2,315 121 9

Oyster Creek Elementary School

  • Education Level: Primary
  • # of students: 775
  • # of teachers: 51
8
GreatSchools Rating

Garcia Middle School

  • Education Level: Middle
  • # of students: 1,276
  • # of teachers: 66
9
GreatSchools Rating

Austin High School

  • Education Level: High
  • # of students: 2,315
  • # of teachers: 121
9
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$920
Property Tax -$520
Property Insurance -$158
HOA -$39
Property Management Fees -$99
CASH FLOW
$75

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.

$265,000

PROJECTED PRICE

$1,810

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 8.3%
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$900k

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$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$8,002

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,830

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8103$1,8254$1,8505$1,900
$1,900
RENT COMPS ANALYSIS
  • 15627 Brookwood Lake Place Sugar Land, TX 2
    • 4 beds 3 baths ∙ 2,266 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,266 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.80
    •  
  • 16922 Cobbler Crossing Drive Sugar Land, TX 1
    • 4 beds 3 baths ∙ 2,312 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,312 Sqft ∙ Built 1994
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.76
    •  
  • 15614 Edgemere Court Sugar Land, TX 3
    • 4 beds 3 baths ∙ 2,195 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,195 Sqft ∙ Built 1998
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.83
    •  
  • 16618 Broadoak Grove Lane Sugar Land, TX 4
    • 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 1998
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.80
    •  
  • 16823 Benwick Drive Sugar Land, TX 5
    • 4 beds 3 baths ∙ 2,266 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,266 Sqft ∙ Built 1994
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.84
    •  
PROPERTY LISTING DETAILS
Tawanna Harding
1.832.789.3524
Exp Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 26852626
Last Updated: 01/15/2021
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