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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Village of Oak Lake
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$75,975
LOAN DETAILS
$920
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $66,250 |
| Loan Amount | $198,750 |
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
-
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
1.832.789.3524
Exp Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 26852626
Last Updated: 01/15/2021
