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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $96.61
- 2 Days on Market
- MLS # : 90064081
- Updated Date : 01/23/2021 at 09:18
CONSTRUCTION
- Beds : 4
- Floor Size : 2,536 sqft
- Baths : 2 full , 1 half
Listing Agent
Bhgre Gary Greene
Listing Agent's Description
This home is in the well-established neighborhood of Copperfield Southcreek. If youre looking for a spacious and open floorplan, this home has it. If you need more office space, this home has two workspaces and lots of built-in bookshelves. The Kitchen is open to breakfast area and large family room, and these areas have been freshly painted as well as all of the secondary bedrooms upstairs. Brand new carpet was installed downstairs and upstairs. Master bedroom is enormouse with vaulted ceiling, generous sitting area and closet space. The huge laundry room has lots of shelf space for organizing and a built-in table for folding. Attached to the laundry is a Mud Room that offers space for a freezer and more storage. Backyard offers a patio area and lots of room to play. The side-entry garage has 2 large windows w/ extra space for a work table. Enjoy the nice Community parks and pools, CyFair ISD. Nearby restaraunts and shopping. Easy access to Hwy 290, Beltway and 99. It's a Must See!
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 | $1,890 |
| EXPENSES | Loan Payment | -$851 |
| Property Tax | -$552 | |
| Property Insurance | -$199 | |
| HOA | -$54 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$135
|
||
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.
$245,000
PROJECTED PRICE
$1,890
PROJECTED RENT
0.77%
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
$70,675
LOAN DETAILS
$851
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $61,250 |
| Loan Amount | $183,750 |
4.25
YEARS SAVED
$9,622
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,890
LIST RENT -
$0.75
LIST RENT PER SQFT
-
$1,883
COMP ESTIMATED VALUE -
$0.74
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 02/17/20- Rent
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- $1,750
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LEASED 08/27/20- Rent
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- $1,830
- $0.77
-
7511 Shangrila Lane Houston, TX 3
- 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
1.713.299.6755
Bhgre Gary Greene
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 90064081
Last Updated: 01/23/2021
