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16111 Crooked Arrow Drive Sugar Land, TX 77498

4 Beds 3 Baths 2,851 sqft Built 2003

$270,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $94.70
  • 5 Days on Market
  • MLS # : 98196322
  • Updated Date : 03/26/2021 at 15:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,851 sqft
  • Baths : 2 full , 1 half
Listing Agent

B & W Realty Group Llc

Listing Agent's Description

Welcome to 16111 Crooked Arrow Dr! This beautiful 4 bedroom home is located in Eaglewood Sugar Land. Open floorplan concept with a ton of upgrades. 42" cabinets, new electric range, great breakfast area with granite countertops. All bedrooms upstairs with oversized game room. Brand new range with island in kitchen. Backyard is cleared and ready for any outdoor activities. Call me now to book an appointment today.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Eaglewood

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $105k352k

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

Neighborhood: Eaglewood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10292179

* 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
Holley Elementary School Primary Regular 754 52 6
Hodges Bend Middle School Middle Regular 1,169 67 5
Bush High School High Regular 2,192 112 6

Holley Elementary School

  • Education Level: Primary
  • # of students: 754
  • # of teachers: 52
6
GreatSchools Rating

Hodges Bend Middle School

  • Education Level: Middle
  • # of students: 1,169
  • # of teachers: 67
5
GreatSchools Rating

Bush High School

  • Education Level: High
  • # of students: 2,192
  • # of teachers: 112
6
GreatSchools Rating
 

$243,000$297,000$270,000

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 -$938
Property Tax -$505
Property Insurance -$192
HOA -$25
Property Management Fees -$99
CASH FLOW
$51

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.

$270,000

PROJECTED PRICE

$1,810

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 7.3%
Maintenance Year (1-5) 8.00%
Vacancy 8.80%
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$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$7,581

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
  • $0.63

    LIST RENT PER SQFT
  • $1,903

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,8103$1,8504$1,9005$1,900
$1,900
RENT COMPS ANALYSIS
  • 16111 Crooked Arrow Drive Sugar Land, TX 2
    • 4 beds 3 baths ∙ 2,851 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,851 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.63
    •  
  • 15327 Waumsley Way Sugar Land, TX 1
    • 3 beds 3 baths ∙ 2,772 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,772 Sqft ∙ Built 2003
    LEASED 04/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.60
    •  
  • 8202 Cliffshire Court Houston, TX 3
    • 4 beds 3 baths ∙ 2,655 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,655 Sqft ∙ Built 1999
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.70
    •  
  • 15910 Highland Brook Drive Houston, TX 4
    • 4 beds 3 baths ∙ 2,693 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,693 Sqft ∙ Built 1998
    LEASED 02/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.71
    •  
  • 9510 Laney Way Sugar Land, TX 5
    • 4 beds 3 baths ∙ 2,863 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,863 Sqft ∙ Built 2004
    LEASED 03/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.66
    •  
PROPERTY LISTING DETAILS
Thuan Nguyen
1.832.983.8899
B & W Realty Group Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 98196322
Last Updated: 03/26/2021
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