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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $136.45
- 2 Days on Market
- MLS # : 2195879
- Updated Date : 12/19/2020 at 11:43
CONSTRUCTION
- Beds : 4
- Floor Size : 2,162 sqft
- Baths : 2 full , 1 half
Listing Agent
Aqui Realty
Listing Agent's Description
Wonderful four bedroom family home. EXCELLENT LOCATION! Very close to Neighborhood Park. Large primary bedroom downstairs with large bath and walk-in closet. Spaced kitchen and living area.
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: Sterling Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sterling Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,970 |
| EXPENSES | Loan Payment | -$1,088 |
| Property Tax | -$579 | |
| Property Insurance | -$152 | |
| HOA | -$42 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$10
|
||
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.
$295,000
PROJECTED PRICE
$1,970
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 2.5% |
| 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
$83,925
LOAN DETAILS
$1,088
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $73,750 |
| Loan Amount | $221,250 |
2.58
YEARS SAVED
$7,104
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,970
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$2,140
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
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170 S Star Ridge Circle The Woodlands, TX 1
- 4 beds 3 baths ∙ 2,162 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,162 Sqft ∙ Built 2006
![property image]()
- Rent
- Rent Per SQFT
- $1,970
- $0.91
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14 Crabtree Court The Woodlands, TX 2
- 4 beds 2 baths ∙ 1,986 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,986 Sqft ∙ Built 2007
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LEASED 01/04/20- Rent
- Rent Per SQFT
- $2,000
- $1.01
-
82 S Star Ridge Circle The Woodlands, TX 3
- 4 beds 2 baths ∙ 2,016 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,016 Sqft ∙ Built 2006
![property image]()
LEASED 09/15/20- Rent
- Rent Per SQFT
- $2,000
- $0.99
-
6 N Queenscliff Circle The Woodlands, TX 4
- 3 beds 2 baths ∙ 2,177 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,177 Sqft ∙ Built 2003
![property image]()
LEASED 11/27/20- Rent
- Rent Per SQFT
- $2,150
- $0.99
-
111 Bryce Branch Circle The Woodlands, TX 5
- 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 2007
![property image]()
LEASED 09/03/20- Rent
- Rent Per SQFT
- $2,400
- $0.97
PROPERTY LISTING DETAILS
1.832.642.2897
Aqui Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 2195879
Last Updated: 12/19/2020
