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18 Dashwood Forest Street The Woodlands, TX 77381

4 Beds 3 Baths 2,550 sqft Built 1983

$348,000

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $136.47
  • 3 Days on Market
  • MLS # : 9915201
  • Updated Date : 01/30/2021 at 08:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,550 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Fabulous house in the sought after Panther Creek zoned to exemplary schools and walking distance to Sally K. Ride Elementary. This open concept home which is absolutely perfect for family time as well as entertaining, boasts a gorgeous newly renovated kitchen, soaring ceilings in both the family room and the primary bedroom with rich hardwood floors as well as a wet bar located just off the spacious family room. An added extra room off the primary bedroom perfect for a home office, nursery or extra living area. Upgrades to this one of a kind home include a New Roof (2019), New piping throughout entire house (2018), New HVAC (2017), a new oven, cooktop and microwave, new hood vent, and much more. This home is ideally located just minutes from The Woodlands Town Center, North Shore Park, Cynthia Woods Mitchell Pavilion, Market Street and exclusive dining and shopping. Quick access to I45 and only 20 miles to IAH. The perfect home in the perfect location!

SEE MORE

MARKET HIGHLIGHTS

  • 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: Panther Creek

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $113k368k

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

Neighborhood: Panther Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10722236

* 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
Sally Ride Elementary School Primary Regular 568 36 9
Knox Junior High School Middle Regular 1,252 71 9
The Woodlands College Park High School High Regular 2,794 161 9

Sally Ride Elementary School

  • Education Level: Primary
  • # of students: 568
  • # of teachers: 36
9
GreatSchools Rating

Knox Junior High School

  • Education Level: Middle
  • # of students: 1,252
  • # of teachers: 71
9
GreatSchools Rating

The Woodlands College Park High School

  • Education Level: High
  • # of students: 2,794
  • # of teachers: 161
9
GreatSchools Rating
 

$313,200$382,800$348,000

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,209
Property Tax -$643
Property Insurance -$174
Property Management Fees -$99
CASH FLOW
$105

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.

$348,000

PROJECTED PRICE

$2,230

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.3%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,970

INVESTMENT

$97,970

Down Payment
$87,000
Rehab Estimate
$5,750
Closing Costs
$5,220

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,209

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,000
Loan Amount $261,000
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$12,627

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,384

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,125
1$2,1252$2,2003$2,2304$2,4505$2,550
$2,550
RENT COMPS ANALYSIS
  • 18 Dashwood Forest Street The Woodlands, TX 3
    • 4 beds 3 baths ∙ 2,550 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,550 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $0.87
    •  
  • 108 E Lakeridge Drive Spring, TX 1
    • 3 beds 3 baths ∙ 2,354 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,354 Sqft ∙ Built 1993
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $0.90
    •  
  • 17 Ridgeline Court The Woodlands, TX 2
    • 5 beds 3 baths ∙ 2,508 Sqft ∙ Built 1983 5 beds 3 baths ∙ 2,508 Sqft ∙ Built 1983
    LEASED 11/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.88
    •  
  • 7 Brookline Court The Woodlands, TX 4
    • 4 beds 3 baths ∙ 2,524 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,524 Sqft ∙ Built 1989
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.97
    •  
  • 52 W Southfork Pines Circle The Woodlands, TX 5
    • 4 beds 4 baths ∙ 2,569 Sqft ∙ Built 1990 4 beds 4 baths ∙ 2,569 Sqft ∙ Built 1990
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.99
    •  
PROPERTY LISTING DETAILS
Laura Tripaldi
1.281.323.2353
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 9915201
Last Updated: 01/30/2021
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