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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $119.35
- 2 Days on Market
- MLS # : 72572258
- Updated Date : 01/09/2021 at 12:34
CONSTRUCTION
- Beds : 4
- Floor Size : 1,550 sqft
- Baths : 2 full
Listing Agent
Gold Quest Realty -galleria
Listing Agent's Description
Welcome to great community of Summer Estates. This is a 4 bedroom 2 full bath home. A few updates have been made including a brand new roof, new floors throughout the bedrooms.The home offers an open floor plan with plenty of space for entertaining.
SEE MORE
- 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)
- Houston metro contributes to 29.5% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Summerset Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Summerset Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,530 |
| EXPENSES | Loan Payment | -$643 |
| Property Tax | -$359 | |
| Property Insurance | -$117 | |
| HOA | -$28 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$284
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.
$184,995
PROJECTED PRICE
$1,530
PROJECTED RENT
0.83%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.99% |
| Appreciation Year (1-5) | 4.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.01% |
| 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
$54,774
LOAN DETAILS
$643
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $46,249 |
| Loan Amount | $138,746 |
10.25
YEARS SAVED
$27,584
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,530
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$1,538
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
16394 Long Valley Court Conroe, TX 4
- 4 beds 2 baths ∙ 1,550 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,550 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $1,530
- $0.99
-
16217 Summerset Estates Boulevard Conroe, TX 1
- 3 beds 2 baths ∙ 1,383 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,383 Sqft ∙ Built 2004
LEASED 09/18/20- Rent
- Rent Per SQFT
- $1,395
- $1.01
-
16380 Sun View Lane Conroe, TX 2
- 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 2003
LEASED 12/17/20- Rent
- Rent Per SQFT
- $1,425
- $1.00
-
16236 Sun View Lane Conroe, TX 3
- 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 2004
LEASED 12/21/20- Rent
- Rent Per SQFT
- $1,450
- $0.95
-
16192 Sun View Lane Conroe, TX 5
- 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 2003
LEASED 12/10/20- Rent
- Rent Per SQFT
- $1,550
- $1.01
PROPERTY LISTING DETAILS
1.713.470.8478
Gold Quest Realty -galleria
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 72572258
Last Updated: 01/09/2021
