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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $107.17
- 3 Days on Market
- MLS # : 64720900
- Updated Date : 11/13/2020 at 21:49
CONSTRUCTION
- Beds : 3
- Floor Size : 1,772 sqft
- Baths : 2 full
Listing Agent
Re/max Preferred Homes
Listing Agent's Description
Welcome home to this gorgeous 1 story home that has plenty to to offer. Updates include a New Roof, New interior paint, New carpet, New granite countertops with under-mount sink and new backsplash in the kitchen, AC replaced in 2019, and updated ceiling fans. This wonderful home also offers 3 bedrooms and a study that could easily be used as a 4th bedroom, The oversized family room offers wood laminate flooring, The family room, dining room, and kitchen are all open concept which is great for entertaining. You will enjoy getting a good night's sleep in the large master bedroom and just wait until you see the huge master bath and the large walk-in closet.
SEE MORE
- 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)
- Houston metro employment growth is at 1.8% and predicted to grow to 2.7% in 2019-20 (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Westlake Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Westlake Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,480 |
| EXPENSES | Loan Payment | -$701 |
| Property Tax | -$432 | |
| Property Insurance | -$147 | |
| HOA | -$33 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$68
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.
$189,900
PROJECTED PRICE
$1,480
PROJECTED RENT
0.78%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.99% |
| Appreciation Year (1-5) | 9.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.01% |
| 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
$56,074
LOAN DETAILS
$701
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $47,475 |
| Loan Amount | $142,425 |
4.17
YEARS SAVED
$8,969
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,480
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,524
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
1718 Foxlake Drive Houston, TX 3
- 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 1984
![property image]()
- Rent
- Rent Per SQFT
- $1,480
- $0.84
-
19731 Lake Hollow Lane Houston, TX 1
- 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 1984
![property image]()
LEASED 04/15/20- Rent
- Rent Per SQFT
- $1,350
- $0.83
-
19515 Lake Hollow Ln Houston, TX 2
- 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 1983
![property image]()
LEASED 07/06/20- Rent
- Rent Per SQFT
- $1,450
- $0.90
-
19743 Coppervine Lane Houston, TX 4
- 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 1980
![property image]()
LEASED 10/31/20- Rent
- Rent Per SQFT
- $1,500
- $0.86
-
19322 Lake Hollow Lane Houston, TX 5
- 3 beds 3 baths ∙ 1,818 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,818 Sqft ∙ Built 1983
![property image]()
LEASED 10/09/20- Rent
- Rent Per SQFT
- $1,550
- $0.85
PROPERTY LISTING DETAILS
1.832.878.7844
Re/max Preferred Homes
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 64720900
Last Updated: 11/13/2020
