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

18 E Stony Bridge Court The Woodlands, TX 77381

3 Beds 3 Baths 1,773 sqft Built 1987

$275,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $155.10
  • 3 Days on Market
  • MLS # : 54403520
  • Updated Date : 03/05/2021 at 16:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,773 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Welcome home to this beautifully updated 2 story, 3 bed, 2.5 bath, 2 car garage home with a huge backyard. Plenty of room for a pool! Zoned to Galatas Elementary and The Woodlands High. Remodeled master bathroom, gaslog fireplace, granite/quartz countertops, 5 burner gas range/oven, tile & wood floors, recent carpet, spacious deck for easy entertaining, huge outdoor play gym, planter boxes, large deck, exterior repainted, cul de sac street, window treatments throughout, nest camera system indoor outdoor and nest smoke detectors. Centrally located, just Minutes to Market Street, Hughes Landing, The Woodlands Mall & restaurants! Walk to parks- Shadow Bend Park 1 mile away, Golden Sage Park 1/4 of a mile away. Panther Creek Shopping Center, Sterling Ridge Shopping Center and Cochrans Crossing Shopping Center are just minutes from the home. Call to schedule your private showing today, this beautiful property will move quickly!

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: Cochran's Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $113k547k

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

Neighborhood: Cochran's Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10723320

* 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
Galatas Elementary School Primary Regular 660 40 10
Mccullough Junior High School Middle Regular 2,229 120 10
The Woodlands High School Senior Campus High Regular 4,142 228 9

Galatas Elementary School

  • Education Level: Primary
  • # of students: 660
  • # of teachers: 40
10
GreatSchools Rating

Mccullough Junior High School

  • Education Level: Middle
  • # of students: 2,229
  • # of teachers: 120
10
GreatSchools Rating

The Woodlands High School Senior Campus

  • Education Level: High
  • # of students: 4,142
  • # of teachers: 228
9
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$955
Property Tax -$529
Property Insurance -$130
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 18% of earned rent to cover both maintenance and periods of vacancy.

$275,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.61%
Appreciation Year (1-5) 3.2%
Maintenance Year (1-5) 8.00%
Vacancy 10.23%
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$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$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$7,753

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,786

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8003$1,8004$1,8755$1,975
$1,975
RENT COMPS ANALYSIS
  • 18 E Stony Bridge Court The Woodlands, TX 3
    • 3 beds 3 baths ∙ 1,773 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,773 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.02
    •  
  • 161 Eagle Rock Circle The Woodlands, TX 1
    • 3 beds 2 baths ∙ 1,880 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,880 Sqft ∙ Built 1988
    LEASED 10/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.93
    •  
  • 87 Sandpebble Drive The Woodlands, TX 2
    • 3 beds 3 baths ∙ 1,740 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,740 Sqft ∙ Built 1984
    LEASED 02/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.03
    •  
  • 18 W Stony Bridge Court The Woodlands, TX 4
    • 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 1988
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.01
    •  
  • 18 Tranquil Glade Place The Woodlands, TX 5
    • 3 beds 2 baths ∙ 1,855 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,855 Sqft ∙ Built 1995
    LEASED 02/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.06
    •  
PROPERTY LISTING DETAILS
Kaley Davis
1.281.924.6052
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 #: 54403520
Last Updated: 03/05/2021
BESbswy