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163 W Village Knoll Circle The Woodlands, TX 77381

3 Beds 2 Baths 1,824 sqft Built 1989

$247,900

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $135.91
  • 3 Days on Market
  • MLS # : 27974520
  • Updated Date : 01/22/2021 at 16:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,824 sqft
  • Baths : 2 full
Listing Agent

Threshold Realty, Llc

Listing Agent's Description

This charming 3 bedroom home is situated on a beautiful lot in the heart of Cochrans Crossing. This home boasts an open floor plan, desirable layout, and a large kitchen and breakfast area with ample cabinet and counterspace. The primary suite features a walk in closet, elegant ceilings, an attached bath with dual sinks, and a soaking tub. The backyard is serene and the perfect place to enjoy a morning cup of joe! This is a fantastic location, just minutes from Sterling Ridge Shopping Center, Hughes Landing, and Market Street! This one won't last long!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Cochran's Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $113k547k

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

Neighborhood: Cochran's Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10723320

* 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
Galatas Elementary School Primary Regular 660 40 10
Mccullough Junior High School Middle Regular 2,229 120 10
The Woodlands High School Senior Campus High Regular 4,142 228 9

Galatas Elementary School

  • Education Level: Primary
  • # of students: 660
  • # of teachers: 40
10
GreatSchools Rating

Mccullough Junior High School

  • Education Level: Middle
  • # of students: 2,229
  • # of teachers: 120
10
GreatSchools Rating

The Woodlands High School Senior Campus

  • Education Level: High
  • # of students: 4,142
  • # of teachers: 228
9
GreatSchools Rating
 

$223,110$272,690$247,900

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$861
Property Tax -$477
Property Insurance -$132
Property Management Fees -$99
CASH FLOW
$291

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 18% of earned rent to cover both maintenance and periods of vacancy.

$247,900

PROJECTED PRICE

$1,860

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.61%
Appreciation Year (1-5) 3.2%
Maintenance Year (1-5) 8.00%
Vacancy 10.23%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,444

INVESTMENT

$71,444

Down Payment
$61,975
Rehab Estimate
$5,750
Closing Costs
$3,719

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$861

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,975
Loan Amount $185,925
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$22,510

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,870

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,860
1$1,8602$1,9003$1,9504$1,9505$2,000
$2,000
RENT COMPS ANALYSIS
  • 163 W Village Knoll Circle The Woodlands, TX 1
    • 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $1.02
    •  
  • 123 S Village Knoll Circle The Woodlands, TX 2
    • 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1989
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.04
    •  
  • 22 Maize Meadow Place The Woodlands, TX 3
    • 3 beds 2 baths ∙ 1,813 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,813 Sqft ∙ Built 1995
    LEASED 12/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.08
    •  
  • 175 N Village Knoll Circle The Woodlands, TX 4
    • 3 beds 2 baths ∙ 2,002 Sqft ∙ Built 1989 3 beds 2 baths ∙ 2,002 Sqft ∙ Built 1989
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.97
    •  
  • 139 W Village Knoll Circle Circle The Woodlands, TX 5
    • 4 beds 3 baths ∙ 1,980 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,980 Sqft ∙ Built 1988
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.01
    •  
PROPERTY LISTING DETAILS
Katherine Nebel
1.832.474.9960
Threshold Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 27974520
Last Updated: 01/22/2021
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