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PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $124.31
- 4 Days on Market
- MLS # : 83073625
- Updated Date : 01/23/2021 at 13:20
CONSTRUCTION
- Beds : 3
- Floor Size : 1,448 sqft
- Baths : 2 full
Listing Agent
Ca Modern Realty, Llc
Listing Agent's Description
Stunning one story 3 bedroom & 2 bathroom brick home. TOTALLY UPGRADED! NEW 2021 ROOF, NEW EXTERIOR AND INTERIOR PAINT, NEW FLOORING, and ALL NEW APPLIANCES. Open floor plan with fireplace. Nice white beautiful kitchen with new quartz countertops, exquisite backslash, and tall white cabinets. Master bath is upgraded with new vanity & walk-in closet! You can enjoy the back patio with fully fenced back yard, and much more! Great neighborhood. Easy access to restaurants, shopping areas, Fort Bend toll road, and more. It's Move in Ready, so Pack Your Bags, This Is It!!
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: Quail Run
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Quail Run
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,330 |
| EXPENSES | Loan Payment | -$625 |
| Property Tax | -$356 | |
| Property Insurance | -$111 | |
| HOA | -$34 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$105
|
||
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.
$179,999
PROJECTED PRICE
$1,330
PROJECTED RENT
0.74%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.94% |
| Appreciation Year (1-5) | 8.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.80% |
| 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
$53,450
LOAN DETAILS
$625
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $45,000 |
| Loan Amount | $134,999 |
5.17
YEARS SAVED
$9,571
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,330
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,321
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
16507 Quail Meadow Drive Houston, TX 2
- 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1983
- Rent
- Rent Per SQFT
- $1,330
- $0.92
-
16711 Lonesome Quail Drive Missouri City, TX 1
- 3 beds 2 baths ∙ 1,329 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,329 Sqft ∙ Built 1980
LEASED 01/07/21- Rent
- Rent Per SQFT
- $1,250
- $0.94
-
2623 Indian Trail Drive Missouri City, TX 3
- 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 1981
LEASED 11/06/20- Rent
- Rent Per SQFT
- $1,399
- $0.90
-
16703 Quail Briar Drive Houston, TX 4
- 3 beds 2 baths ∙ 1,612 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,612 Sqft ∙ Built 1980
LEASED 06/05/20- Rent
- Rent Per SQFT
- $1,450
- $0.90
-
16527 Quail Prairie Drive Houston, TX 5
- 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 1980
LEASED 09/28/20- Rent
- Rent Per SQFT
- $1,500
- $0.91
PROPERTY LISTING DETAILS
1.713.417.3702
Ca Modern Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 83073625
Last Updated: 01/23/2021
