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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $108.12
- 53 Days on Market
- MLS # : 16121342
- Updated Date : 01/02/2021 at 10:46
CONSTRUCTION
- Beds : 4
- Floor Size : 2,266 sqft
- Baths : 2 full , 1 half
Listing Agent
Exp Realty, Llc
Listing Agent's Description
Location! Location! Location! Your beautiful new home is situated at the end of a quiet street, right next to Duhacsek Park at the best location in the neighborhood. Feels like country living! This 4 bedroom/2.5 bath home has fresh paint throughout and offers spacious living areas on the first floor. The second floor boasts 4 bedrooms, including a huge primary bedroom and bath oasis. Enjoy an amazing backyard with an oversized deck in a great location in Sugar Land. This traditional home is move-in ready, but also priced to allow you to make your own custom upgrades to suit your desires. Village of Oak Lake offers playgrounds, walking trails, pool and tennis courts, plus highly-ranked Fort Bend ISD schools.
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: Village of Oak Lake
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Village of Oak Lake
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,710 |
| EXPENSES | Loan Payment | -$904 |
| Property Tax | -$480 | |
| Property Insurance | -$158 | |
| HOA | -$39 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$30
|
||
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
$1,710
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 8.3% |
| 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
$904
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $61,250 |
| Loan Amount | $183,750 |
2.92
YEARS SAVED
$6,709
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,710
LIST RENT -
$0.75
LIST RENT PER SQFT
-
$1,745
COMP ESTIMATED VALUE -
$0.77
COMP AVG. RENT PER SQFT
Comps Range
-
16823 Benwick Drive Sugar Land, TX 1
- 4 beds 3 baths ∙ 2,266 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,266 Sqft ∙ Built 1994
![property image]()
- Rent
- Rent Per SQFT
- $1,710
- $0.75
-
16922 Cobbler Crossing Drive Sugar Land, TX 2
- 4 beds 3 baths ∙ 2,312 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,312 Sqft ∙ Built 1994
![property image]()
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,750
- $0.76
-
16422 Concord Falls Lane Lane Sugar Land, TX 3
- 4 beds 3 baths ∙ 2,364 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,364 Sqft ∙ Built 1992
![property image]()
LEASED 08/31/20- Rent
- Rent Per SQFT
- $1,800
- $0.76
-
16430 Ash Point Lane Sugar Land, TX 4
- 4 beds 2 baths ∙ 2,448 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,448 Sqft ∙ Built 1992
![property image]()
LEASED 07/18/20- Rent
- Rent Per SQFT
- $1,850
- $0.76
-
16618 Broadoak Grove Lane Sugar Land, TX 5
- 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 1998
![property image]()
LEASED 07/15/20- Rent
- Rent Per SQFT
- $1,850
- $0.80
PROPERTY LISTING DETAILS
1.832.279.3600
Exp Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 16121342
Last Updated: 01/02/2021
