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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $108.74
- 2 Days on Market
- MLS # : 78895368
- Updated Date : 02/20/2021 at 08:46
CONSTRUCTION
- Beds : 4
- Floor Size : 2,437 sqft
- Baths : 2 full , 1 half
Listing Agent
Redfin Corporation
Listing Agent's Description
Do not miss this beautiful 2 Story, 4 bedroom, 2 .5 bath home. The welcoming entry has a beautiful chandelier that leads into a formal living/dining combination, followed by a family room and light and bright open concept kitchen with butcher block kitchen island, new stove, microwave, and refrigerator. The first-floor primary bedroom features an en-suite bath, dual sink vanity, soaker tub, separate shower, and large walk in closet. Upstairs, you will find 3 spacious bedrooms, a full bath with a double sink. New ceiling fans, light fixtures, and flooring throughout, no carpet! You will love entertaining family and friends in the large backyard which features a spacious all-season room and producing garden with three lemon trees hidden behind the two-car detached garage. Energy-efficient NEST installed, HVAC/water heater replaced in 2018, and freshly painted. Exemplary Cy-Fair schools! Close commute to 290 and I-10. Convenient to shopping! You will love the community, won't last long!
SEE MORE
- 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: 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 | $1,830 |
| EXPENSES | Loan Payment | -$920 |
| Property Tax | -$597 | |
| Property Insurance | -$192 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$22
|
||
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
$1,830
PROJECTED RENT
0.69%
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
$75,975
LOAN DETAILS
$920
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $66,250 |
| Loan Amount | $198,750 |
2.42
YEARS SAVED
$4,612
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,830
LIST RENT -
$0.75
LIST RENT PER SQFT
-
$1,828
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
-
16335 Hickory Point Road Houston, TX 3
- 4 beds 3 baths ∙ 2,437 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,437 Sqft ∙ Built 1987
- Rent
- Rent Per SQFT
- $1,830
- $0.75
-
16302 Hickory Point Road Houston, TX 1
- 4 beds 3 baths ∙ 2,464 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,464 Sqft ∙ Built 1986
LEASED 01/24/21- Rent
- Rent Per SQFT
- $1,810
- $0.73
-
16923 Poplar Hill Street Houston, TX 2
- 4 beds 3 baths ∙ 2,392 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,392 Sqft ∙ Built 1990
LEASED 08/27/20- Rent
- Rent Per SQFT
- $1,830
- $0.77
-
7511 Shangrila Lane Houston, TX 4
- 4 beds 3 baths ∙ 2,496 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,496 Sqft ∙ Built 1988
LEASED 06/23/20- Rent
- Rent Per SQFT
- $1,845
- $0.74
-
7630 Evergreen Brook Way Houston, TX 5
- 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
PROPERTY LISTING DETAILS
1.832.541.0234
Redfin Corporation
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 78895368
Last Updated: 02/20/2021
