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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $110.30
- 2 Days on Market
- MLS # : 12582829
- Updated Date : 01/16/2021 at 15:21
CONSTRUCTION
- Beds : 4
- Floor Size : 2,175 sqft
- Baths : 2 full
Listing Agent
Sprout Realty
Listing Agent's Description
This home is located in an established neighborhood full of mature trees and zoned to CFISD schools. The home boasts high ceilings and crown molding in all common areas as well as the primary bedroom. Upgraded laminate flooring throughout as well as a bright open and airy kitchen with an abundance of storage. You will enjoy the size of the primary bedroom, walk in closet and en suite which includes a brand new frameless shower enclosure as well as an oversized jacuzzi tub. All secondary bedrooms are tastefully painted with warm tones and share the newly renovated guest bathroom which includes wood look tile flooring and marble countertops. The exterior of the home has fresh paint and siding (Summer 2018), a brand new roof (Summer 2020), and a brand new hot water heater (January 2021). Along with this, you will enjoy those nice evenings on the custom paved back patio with additional travertine bench seating. This 4 bed 2 bath home has so much to offer. Schedule your showing today!
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: Copperfield Westcreek Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Copperfield Westcreek Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,780 |
| EXPENSES | Loan Payment | -$833 |
| Property Tax | -$524 | |
| Property Insurance | -$174 | |
| HOA | -$62 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$88
|
||
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.
$239,900
PROJECTED PRICE
$1,780
PROJECTED RENT
0.74%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 5.4% |
| 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
$69,324
LOAN DETAILS
$833
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $59,975 |
| Loan Amount | $179,925 |
3.42
YEARS SAVED
$7,030
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,780
LIST RENT -
$0.82
LIST RENT PER SQFT
-
$1,805
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
17910 Western Pass Lane Houston, TX 5
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- Rent
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- $1,780
- $0.82
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7735 Gable Point Drive Houston, TX 1
- 4 beds 2 baths ∙ 1,981 Sqft ∙ Built 1989 4 beds 2 baths ∙ 1,981 Sqft ∙ Built 1989
LEASED 02/07/20- Rent
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- $1,595
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- 3 beds 2 baths ∙ 1,992 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,992 Sqft ∙ Built 2003
LEASED 02/09/20- Rent
- Rent Per SQFT
- $1,700
- $0.85
-
7418 Rain Meadow Lane Cypress, TX 3
- 4 beds 2 baths ∙ 2,167 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,167 Sqft ∙ Built 2005
LEASED 05/14/20- Rent
- Rent Per SQFT
- $1,750
- $0.81
-
17923 Calm Brook Court Houston, TX 4
- 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 1993
LEASED 08/14/20- Rent
- Rent Per SQFT
- $1,775
- $0.85
PROPERTY LISTING DETAILS
1.281.770.7274
Sprout Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 12582829
Last Updated: 01/16/2021
