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PROPERTY INFO
FACTS
- Single Family
- Built In 1990
- Price/Sqft : $135.37
- 7 Days on Market
- MLS # : 67831004
- Updated Date : 01/06/2021 at 10:49
CONSTRUCTION
- Beds : 4
- Floor Size : 2,491 sqft
- Baths : 2 full , 1 half
Listing Agent
Mark Dimas Team
Listing Agent's Description
Lovely 4 bedroom, 2.5 bathroom, 2-story home featuring a 2-car detached garage, updated water heater, and recent paint! The 1st floor offers both tile and wood-type flooring throughout, crown molding, a formal living, separate formal dining, a fireplace in the den, a utility room, and a half bathroom. Also downstairs is the breakfast area with a tray ceiling and the kitchen which has granite countertops, a new dishwasher, a backsplash, a breakfast bar, and stainless steel appliances. Upstairs, you'll find upgraded carpet and all of the bedrooms including the primary bedroom suite that features crown molding, dual sinks, a garden tub, separate shower, and a walk-in closet. There's a spacious backyard with an open patio, and this home is located on a cul-de-sac lot with close proximity to Hwy 6, Southwest Fwy, parks, First Colony Mall, and more in the Sugar Land area! Showings from 6am-8pm: Download Zillow app to access. Search home in app. Click Self Tour to unlock while at front door.
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: Colony Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Colony Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,180 |
| EXPENSES | Loan Payment | -$1,171 |
| Property Tax | -$637 | |
| Property Insurance | -$171 | |
| HOA | -$66 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$36
|
||
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.
$337,200
PROJECTED PRICE
$2,180
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 2.6% |
| 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
$95,108
LOAN DETAILS
$1,171
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $84,300 |
| Loan Amount | $252,900 |
2.67
YEARS SAVED
$7,319
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,180
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$2,205
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
16719 Chestnut Meadow Court Sugar Land, TX 4
- 4 beds 3 baths ∙ 2,491 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,491 Sqft ∙ Built 1990
- Rent
- Rent Per SQFT
- $2,180
- $0.88
-
3306 Stillmeadow Court Sugar Land, TX 1
- 4 beds 3 baths ∙ 2,380 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,380 Sqft ∙ Built 1982
LEASED 09/15/20- Rent
- Rent Per SQFT
- $2,000
- $0.84
-
3306 Falling Brook Court Sugar Land, TX 2
- 4 beds 3 baths ∙ 2,486 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,486 Sqft ∙ Built 1982
LEASED 09/20/20- Rent
- Rent Per SQFT
- $2,100
- $0.84
-
16714 Rustic Colony Drive Sugar Land, TX 3
- 3 beds 3 baths ∙ 2,334 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,334 Sqft ∙ Built 1990
LEASED 07/13/20- Rent
- Rent Per SQFT
- $2,100
- $0.90
-
16718 Rustic Colony Drive Sugar Land, TX 5
- 4 beds 3 baths ∙ 2,396 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,396 Sqft ∙ Built 1990
LEASED 10/13/20- Rent
- Rent Per SQFT
- $2,300
- $0.96
PROPERTY LISTING DETAILS
1.346.352.1999
Mark Dimas Team
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 67831004
Last Updated: 01/06/2021
