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17 Beckett Hill Place The Woodlands, TX 77382

4 Beds 3 Baths 2,438 sqft Built 1997

$324,999

List Price

$2,380

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $133.31
  • 7 Days on Market
  • MLS # : 28133540
  • Updated Date : 01/11/2021 at 10:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,438 sqft
  • Baths : 2 full , 1 half
Listing Agent

Green Residential

Listing Agent's Description

Beautiful 4 bedroom 2 1/2 bath + study with an easy access to 1488 near by to schools, grocery and shopping. High ceilings and archways create a bright and airy feel. This property offers space all around, Stainless steel oven and a brand new microwave, Master bath with whirlpool tub. Great exterior view and a huge backyard space. This Property is a must see!!

SEE MORE

MARKET HIGHLIGHTS

  • 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: Alden Bridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $113k391k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Alden Bridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10722322

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Bush Elementary School Primary Regular 698 42 10
Mccullough Junior High School Middle Regular 2,229 120 10
The Woodlands High School Senior Campus High Regular 4,142 228 9

Bush Elementary School

  • Education Level: Primary
  • # of students: 698
  • # of teachers: 42
10
GreatSchools Rating

Mccullough Junior High School

  • Education Level: Middle
  • # of students: 2,229
  • # of teachers: 120
10
GreatSchools Rating

The Woodlands High School Senior Campus

  • Education Level: High
  • # of students: 4,142
  • # of teachers: 228
9
GreatSchools Rating
 

$292,499$357,499$324,999

PURCHASE PRICE

$2,142$2,618$2,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,380
EXPENSES Loan Payment -$1,129
Property Tax -$646
Property Insurance -$168
Property Management Fees -$99
CASH FLOW
$338

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.

$324,999

PROJECTED PRICE

$2,380

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 2.9%
Maintenance Year (1-5) 8.00%
Vacancy 9.28%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,749
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$29,650

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,380

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,365

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2003$2,3804$2,4005$2,400
$2,400
RENT COMPS ANALYSIS
  • 17 Beckett Hill Place The Woodlands, TX 3
    • 4 beds 3 baths ∙ 2,438 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,438 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $0.98
    •  
  • 92 N Winterport Circle The Woodlands, TX 1
    • 4 beds 3 baths ∙ 2,359 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,359 Sqft ∙ Built 1995
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.89
    •  
  • 42 Lace Arbor The Woodlands, TX 2
    • 4 beds 2 baths ∙ 2,249 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,249 Sqft ∙ Built 1996
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.98
    •  
  • 3 S Acacia Park Circle The Woodlands, TX 4
    • 3 beds 3 baths ∙ 2,345 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,345 Sqft ∙ Built 1997
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.02
    •  
  • 18 Beckett Hill Place The Woodlands, TX 5
    • 4 beds 3 baths ∙ 2,435 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,435 Sqft ∙ Built 1997
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.99
    •  
PROPERTY LISTING DETAILS
Ephrem Wegayehu
1.832.713.6740
Green Residential
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 28133540
Last Updated: 01/11/2021
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