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162 Golden Autumn The Woodlands, TX 77384

4 Beds 3 Baths 2,799 sqft Built 2001

$375,000

List Price

$2,410

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2001
  • Price/Sqft : $133.98
  • 78 Days on Market
  • MLS # : 51437836
  • Updated Date : 11/04/2020 at 08:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,799 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jla Realty

Listing Agent's Description

*Open House Sat Nov 7th 12pm to 3pm*Wonderfully maintained single story in Alden Bridge. Easy commuter access to I-45 and 99 Grand Parkway, hospitals and Lone Star College. Top ranked schools. 4 Bedrooms, spacious Primary Bedroom with wood floor, and a gorgeous custom separate walk-in closet. Beautiful floor plan with a study/office and formal dining plus a spacious island kitchen with updated appliances and plantation shutters, that is open to the light and bright Living Room. Generous laundry room, with washer and dryer included. Three secondary bedrooms perfect for guests, one that includes a built in loft-bed and shelving. Extensive backyard with a porch and multiple patio areas for entertaining, storage shed included!!

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: Alden Bridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $107k391k

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

Neighborhood: Alden Bridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000210022002300Rent in $8932322

* 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
Collins Intermediate School Primary Regular 674 36 10
Collins Intermediate School Middle Regular 674 36 10
The Woodlands College Park High School High Regular 2,794 161 9

Collins Intermediate School

  • Education Level: Primary
  • # of students: 674
  • # of teachers: 36
10
GreatSchools Rating

Collins Intermediate School

  • Education Level: Middle
  • # of students: 674
  • # of teachers: 36
10
GreatSchools Rating

The Woodlands College Park High School

  • Education Level: High
  • # of students: 2,794
  • # of teachers: 161
9
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

$2,169$2,651$2,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,410
EXPENSES Loan Payment -$1,384
Property Tax -$736
Property Insurance -$189
Property Management Fees -$99
CASH FLOW
$3

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.

$375,000

PROJECTED PRICE

$2,410

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 2.9%
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-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$9,038

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,410

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,638

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,4003$2,4104$2,6005$3,000
$3,000
RENT COMPS ANALYSIS
  • 162 Golden Autumn Conroe, TX 3
    • 4 beds 3 baths ∙ 2,799 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,799 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,410
    • $0.86
    •  
  • 63 E Amberglow Circle The Woodlands, TX 1
    • 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 1992
    LEASED 11/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.88
    •  
  • 14 Ryanwyck Place The Woodlands, TX 2
    • 4 beds 4 baths ∙ 2,852 Sqft ∙ Built 2003 4 beds 4 baths ∙ 2,852 Sqft ∙ Built 2003
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.84
    •  
  • 2 S Hawthorne Hollow Circle The Woodlands, TX 4
    • 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 2005
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.98
    •  
  • 6 Emery Mill Place Conroe, TX 5
    • 4 beds 3 baths ∙ 2,795 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,795 Sqft ∙ Built 2002
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.07
    •  
PROPERTY LISTING DETAILS
Nancy Marino
1.713.553.0986
Jla Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 51437836
Last Updated: 11/04/2020
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