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18034 Atwood Mill Drive New Caney, TX 77357

4 Beds 3 Baths 2,552 sqft Built 2018

$260,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $101.88
  • 3 Days on Market
  • MLS # : 80090947
  • Updated Date : 03/26/2021 at 15:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,552 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Universal

Listing Agent's Description

Welcome home to this beautiful 4 Bedrooms, 2 1/2 Baths, with attached to car garage. You will love the space in this home! From the Study as you come in the front door to the the large Island Kitchen with breakfast bar, granite counter tops, stainless steel appliances open to the Dining room and Family Room. You will find the Primary Owners Retreat located downstairs and Half Bath downstairs. Don't miss the under the stairway storage closet! Upstairs you will find a spacious Game Room, 3 Bedrooms, and another full bath. This will be a great home to entertain family and friends with a covered patio and fenced backyard. This home is convenient to FM1314, TX 59, 99, and TX 242. Very close to Valley Ranch Shopping and Dining.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 77357

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $74k222k

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

Zip Code: 77357

ZipNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7271677

* 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
Robert Crippen Elementary School Primary Regular 840 49 3
White Oak Middle School Middle Regular 784 53 4
Porter High School High Regular 1,677 118 4

Robert Crippen Elementary School

  • Education Level: Primary
  • # of students: 840
  • # of teachers: 49
3
GreatSchools Rating

White Oak Middle School

  • Education Level: Middle
  • # of students: 784
  • # of teachers: 53
4
GreatSchools Rating

Porter High School

  • Education Level: High
  • # of students: 1,677
  • # of teachers: 118
4
GreatSchools Rating
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$903
Property Tax -$605
Property Insurance -$174
HOA -$58
Property Management Fees -$99
CASH FLOW
$70

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$260,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.99%
Appreciation Year (1-5) 4.8%
Maintenance Year (1-5) 8.00%
Vacancy 8.01%
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

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$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$8,285

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,914

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,910
$1,910
RENT COMPS ANALYSIS
  • 18034 Atwood Mill Drive New Caney, TX 2
    • 4 beds 3 baths ∙ 2,552 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,552 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.75
    •  
  • 18037 Atwood Mill Drive New Caney, TX 1
    • 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 2018
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.75
    •  
PROPERTY LISTING DETAILS
Matthew Guzman
1.281.973.5799
Re/max Universal
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 80090947
Last Updated: 03/26/2021
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