Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

17918 Secret Branch Lane Cypress, TX 77433

3 Beds 2 Baths 2,178 sqft Built 2002

$234,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $107.44
  • 3 Days on Market
  • MLS # : 42684858
  • Updated Date : 01/23/2021 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,178 sqft
  • Baths : 2 full
Listing Agent

Shug Realty Group

Listing Agent's Description

A New Home for 2021! Beautiful move-in ready 1-story/3 bdrm/2 bath home situated on an impressive 7,744 sf lot. Island Kitchen boasts Corian counters, gas stove, 18” tile floor, plenty of counter & cabinet space, pantry, and breakfast room with window seat. Spacious Family Room (located off kitchen) features corner fireplace. Formal Living & Dining Rooms (great flexible space…could be used as a home office or gameroom). Primary Bedroom with sitting area features jetted tub, separate shower, double sinks, and linen closet. Sprinkler system. Attached 2 Car Garage w/plenty of parking. Lush Backyard w/Extended Concrete Patio (perfect for BBQs). Double pane windows. Tech-shield. Fans. Blinds. Other upgrades incl: recent paint; laminate wood floors; tile in entry, kitchen, laundry, and baths; cab hardware; lighting; and faucets. Cement-board siding. French drain. Minutes to Lone Start College, Berry Center, restaurants/shopping, Hwy 290, I-10, Hwy 6! Community Pool & Park. NEVER FLOODED!

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

Neighborhood: Lone Oak

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Neighborhood: Lone Oak

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10722063

* 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
Postma Elementary School Primary Regular 1,136 54 8
Anthony Middle School Middle Regular 1,224 79 NA
Cypress Springs High School High Regular 2,942 186 5

Postma Elementary School

  • Education Level: Primary
  • # of students: 1,136
  • # of teachers: 54
8
GreatSchools Rating

Anthony Middle School

  • Education Level: Middle
  • # of students: 1,224
  • # of teachers: 79
NA
GreatSchools Rating

Cypress Springs High School

  • Education Level: High
  • # of students: 2,942
  • # of teachers: 186
5
GreatSchools Rating
 

$210,600$257,400$234,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$813
Property Tax -$532
Property Insurance -$174
HOA -$63
Property Management Fees -$99
CASH FLOW
$39

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.

$234,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 6.2%
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

PROJECTED ANNUAL CASH FLOW

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

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$67,760

INVESTMENT

$67,760

Down Payment
$58,500
Rehab Estimate
$5,750
Closing Costs
$3,510

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$813

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,500
Loan Amount $175,500
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$4,296

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,742

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,580
1$1,5802$1,7203$1,7504$1,7955$1,795
$1,795
RENT COMPS ANALYSIS
  • 17918 Secret Branch Lane Cypress, TX 2
    • 3 beds 2 baths ∙ 2,178 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,178 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.79
    •  
  • 8526 Windy Thicket Lane Cypress, TX 1
    • 4 beds 3 baths ∙ 2,340 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,340 Sqft ∙ Built 2006
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.68
    •  
  • 18210 Amalfi Coast Drive Cypress, TX 3
    • 3 beds 3 baths ∙ 2,110 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,110 Sqft ∙ Built 2014
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.83
    •  
  • 8610 Windhaven Terrace Trail Cypress, TX 4
    • 3 beds 2 baths ∙ 2,095 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,095 Sqft ∙ Built 2007
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.86
    •  
  • 18227 Amalfi Coast Drive Cypress, TX 5
    • 3 beds 3 baths ∙ 2,168 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,168 Sqft ∙ Built 2015
    LEASED 12/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.83
    •  
PROPERTY LISTING DETAILS
Connie Shugart
1.832.474.8170
Shug Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 42684858
Last Updated: 01/23/2021
BESbswy