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17522 Stamford Oaks Drive Tomball, TX 77377

3 Beds 3 Baths 2,372 sqft Built 2013

$270,000

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $113.83
  • 3 Days on Market
  • MLS # : 95694512
  • Updated Date : 03/19/2021 at 14:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,372 sqft
  • Baths : 2 full , 1 half
Listing Agent

Strongtower Realty Group

Listing Agent's Description

Spectacular Home, Designer’s Details…. Stone & Brick Elevation…Featuring 1.5 Story Home, 3 Bedrooms, 2.5 Baths, & 2 Car Garage. Excellent curb appeal…Inviting Entry opens to an Elegant Formal Dining, Perfect for Family & Friends. A Chef’s Dream, truly the heart of the home, Kitchen features Oversized Island, 42” Cabinets, Granite Counters, Custom Backsplash & Stainless Appliances. Morning Delight and Evening Dinners Cozy Breakfast Area Opens to a Spacious Family Room Perfect for Entertaining. Enjoy Fun in the Sun, Relaxing Outdoor Patio includes Sprinkler System! Time to Relax & Unwind, the Primary Suite is most Inviting, En Suite includes Garden Tub, Dual Vanity, Separate Shower & Spacious Walk-In Closet. Two additional Bedrooms - Great Ceiling Height, Home Office/Playroom and Huge Game Room on the Second Floor!! Hardwood & Tile Flooring, Energy Star Home, Amazing Upgrades and Leading Design; Great Location, Minutes to the Grand Parkway – Welcome Home - 17522 Stamford Oaks Drive!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 77377

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Zip Code: 77377

ZipNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10722130

* 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
Willow Creek Elementary School Primary Regular 902 53 9
Willow Wood Junior High School Middle Regular 1,028 54 9
Tomball Memorial High School High Regular 1,942 103 9

Willow Creek Elementary School

  • Education Level: Primary
  • # of students: 902
  • # of teachers: 53
9
GreatSchools Rating

Willow Wood Junior High School

  • Education Level: Middle
  • # of students: 1,028
  • # of teachers: 54
9
GreatSchools Rating

Tomball Memorial High School

  • Education Level: High
  • # of students: 1,942
  • # of teachers: 103
9
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$938
Property Tax -$618
Property Insurance -$183
HOA -$45
Property Management Fees -$99
CASH FLOW
$137

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.

$270,000

PROJECTED PRICE

$2,020

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.6%
Maintenance Year (1-5) 8.00%
Vacancy 9.28%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$10,338

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,046

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9503$2,0204$2,2005$2,350
$2,350
RENT COMPS ANALYSIS
  • 17522 Stamford Oaks Drive Tomball, TX 3
    • 3 beds 3 baths ∙ 2,372 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,372 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.85
    •  
  • 17518 Ginger Fields Lane Tomball, TX 1
    • 4 beds 2 baths ∙ 2,203 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,203 Sqft ∙ Built 1998
    property image
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.86
    •  
  • 11627 Trail Point Drive Tomball, TX 2
    • 3 beds 3 baths ∙ 2,425 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,425 Sqft ∙ Built 2008
    property image
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.80
    •  
  • 11507 Bermondsey Drive Tomball, TX 4
    • 4 beds 3 baths ∙ 2,570 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,570 Sqft ∙ Built 2012
    property image
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.86
    •  
  • 11511 Kingsbarn Court Tomball, TX 5
    • 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 2005
    property image
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.93
    •  
PROPERTY LISTING DETAILS
Dawn Brewer
1.281.733.4077
Strongtower Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 95694512
Last Updated: 03/19/2021
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