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PROPERTY INFO
FACTS
- Single Family
- Built In 1990
- Price/Sqft : $106.04
- 14 Days on Market
- MLS # : 25031850
- Updated Date : 07/13/2021 at 10:08
CONSTRUCTION
- Beds : 4
- Floor Size : 2,631 sqft
- Baths : 2 full , 1 half
Listing Agent
Htx Living, Llc
Listing Agent's Description
BEAUTIFUL house built by Village Builders. This adorable home on a corner lot is in a prime location backing up to the local park and is just a 7-minute walk away from the elementary. This ideal layout includes a flex-room/game room upstairs, separate french-door study, formal living & dining spaces, gourmet kitchen w/breakfast nook & a spacious master bedroom downstairs. Per the seller, some 2020 upgrades include the HVAC system, flagstone patio & an iron fence for added safety. Don't miss this opportunity in Copperfield!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Copperfield Southcreek Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Copperfield Southcreek Village
* 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 | -$205 | |
| HOA | -$53 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$85
|
||
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) | 5.4% |
| 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 |
3.25
YEARS SAVED
$7,614
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 -
$0.76
LIST RENT PER SQFT
-
$2,105
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
15919 Hickory Cove Drive Houston, TX 3
- 4 beds 3 baths ∙ 2,631 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,631 Sqft ∙ Built 1990
- Rent
- Rent Per SQFT
- $2,000
- $0.76
-
7630 Evergreen Brook Way Houston, TX 1
- 4 beds 3 baths ∙ 2,484 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,484 Sqft ∙ Built 1987
LEASED 07/15/20- Rent
- Rent Per SQFT
- $1,900
- $0.76
-
16042 Pinyon Creek Drive Houston, TX 2
- 4 beds 3 baths ∙ 2,514 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,514 Sqft ∙ Built 1985
LEASED 05/03/21- Rent
- Rent Per SQFT
- $2,000
- $0.80
-
16010 Rainbow Lake Road Houston, TX 4
- 3 beds 2 baths ∙ 2,582 Sqft ∙ Built 1988 3 beds 2 baths ∙ 2,582 Sqft ∙ Built 1988
LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,100
- $0.81
-
16310 Rainbow Lake Road Houston, TX 5
- 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 1987
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,150
- $0.83
PROPERTY LISTING DETAILS
1.713.408.3185
Htx Living, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 25031850
Last Updated: 07/13/2021
