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18 S Bristol Oak Circle Spring, TX 77382

3 Beds 2 Baths 2,625 sqft Built 1995

INVESTimate

$314,990

List Price

$2,220

$1,998 - $2,442

Rent Est.

$324,188  ( +2.92%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $120.00
  • 2 Days on Market
  • MLS # : 16901417
  • Updated Date : 08/25/2020 at 17:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,625 sqft
  • Baths : 2 full
Listing Agent

Mark Dimas Properties

Listing Agent's Description

Incredible single-story home in the Woodlands featuring a spacious floor plan great for entertaining! Interior features include high ceilings, crown molding, a tile entry, both formal living and dining rooms, built-ins, a skylight, and a two-way fireplace between the den and the French door study! The eat-in kitchen boasts stylish brick accents, an island, granite-look silestone counter-tops, tile back-splash, recessed lighting, and a breakfast bar while the private master suite includes a bay window sitting area, dual sinks, a whirlpool tub, and separate shower! There's also a new AC unit in the converted garage with recessed lighting, currently being used as a fantastic gym, and wood flooring in the secondary bedrooms! This home also has lush landscaping, a covered back patio, and access to amazing amenities! Enjoy easy access to tons of desirable shopping and dining in The Woodlands area!

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: Alden Bridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $113k391k

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

Neighborhood: Alden Bridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10722322

* 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
Bush Elementary School Primary Regular 698 42 10
Mccullough Junior High School Middle Regular 2,229 120 10
The Woodlands High School Senior Campus High Regular 4,142 228 9

Bush Elementary School

  • Education Level: Primary
  • # of students: 698
  • # of teachers: 42
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
 

$283,491$346,489$314,990

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$1,162
Property Tax -$626
Property Insurance -$179
Property Management Fees -$99
CASH FLOW
$154

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.

$314,990

PROJECTED PRICE

$2,220

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 2.92%
Maintenance Year (1-5) 8.00%
Vacancy 9.28%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,222

INVESTMENT

$89,222

Down Payment
$78,748
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,748
Loan Amount $236,243
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$17,668

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,220

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,258

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,220
1$2,2202$2,2503$2,2954$2,3505$2,400
$2,400
RENT COMPS ANALYSIS
  • 18 S Bristol Oak Circle Spring, TX 1
    • 3 beds 2 baths ∙ 2,625 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,625 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $0.85
    •  
  • 87 Alden Glen Drive The Woodlands, TX 2
    • 3 beds 3 baths ∙ 2,670 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,670 Sqft ∙ Built 1996
    LEASED 02/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.84
    •  
  • 63 E Amberglow Circle The Woodlands, TX 3
    • 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 1992
    LEASED 11/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.88
    •  
  • 35 Vista Mill Place The Woodlands, TX 4
    • 3 beds 3 baths ∙ 2,769 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,769 Sqft ∙ Built 1996
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.85
    •  
  • 55 E Greywing Circle The Woodlands, TX 5
    • 4 beds 3 baths ∙ 2,743 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,743 Sqft ∙ Built 1995
    LEASED 08/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.87
    •  
PROPERTY LISTING DETAILS
Mark Dimas
1.281.861.6199
Mark Dimas Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 16901417
Last Updated: 08/25/2020
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