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1838 Green Star Drive 
Missouri City, TX
77489
4 Beds 2 Baths 1,412 sqft
Built 1981
INVESTimate
$155,000
List Price
$46,825
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PROPERTY INFO
FACTS
- Built In 1981
- Price/Sqft : $109.77
- 2 Days on Market
- MLS # : 13195321
- Updated Date : 08/25/2020 at 15:40
CONSTRUCTION
- Beds : 4
- Floor Size : 1,412 sqft
- Baths : 2 full
Listing Agent
Compass Re Texas, Llc
Listing Agent's Description
Charming 4 bedroom home on a quiet street with easy access to major thoroughfares (Alt 90 & Beltway 8). Newer laminate floors in the main living areas and newer clean carpet in the bedrooms. Formal dining room located off the family room with an abundance of natural light. Brand new double pane windows throughout. Enjoy a spacious primary suite complete with neutral paint and a ceiling fan. The backyard affords plenty of space for the pups to play or your visions of outdoor entertainment. NEWER ROOF AND HVAC and Not to mention brand NEW ATTIC INSULATION. This home is ready to be moved-in. Schedule your tour today!
SEE MORE
- 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: Quail Green West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Quail Green West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,340 |
| EXPENSES | Loan Payment | -$572 |
| Property Tax | -$426 | |
| Property Insurance | -$109 | |
| HOA | -$25 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$109
|
||
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.
$155,000
PROJECTED PRICE
$1,340
PROJECTED RENT
0.86%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.99% |
| Appreciation Year (1-5) | 8.70% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.01% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$46,825
LOAN DETAILS
$572
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $38,750 |
| Loan Amount | $116,250 |
5.42
YEARS SAVED
$10,633
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,340
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,285
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
1838 Green Star Drive Missouri City, TX 3
- 4 beds 2 baths ∙ 1,412 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,412 Sqft ∙ Built 1981
![property image]()
- Rent
- Rent Per SQFT
- $1,340
- $0.95
-
2021 Village Park Drive Missouri City, TX 1
- 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1986
![property image]()
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,300
- $0.88
-
2030 Hickory Glen Drive Drive Missouri City, TX 2
- 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 1985
![property image]()
LEASED 04/04/20- Rent
- Rent Per SQFT
- $1,325
- $0.94
-
1531 Mimosa Road Missouri City, TX 4
- 3 beds 2 baths ∙ 1,599 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,599 Sqft ∙ Built 1983
![property image]()
LEASED 09/09/19- Rent
- Rent Per SQFT
- $1,449
- $0.91
-
1431 Fieldstone Drive Missouri City, TX 5
- 3 beds 2 baths ∙ 1,601 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,601 Sqft ∙ Built 1981
![property image]()
LEASED 10/04/19- Rent
- Rent Per SQFT
- $1,450
- $0.91
PROPERTY LISTING DETAILS
1.281.217.9218
Compass Re Texas, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 13195321
Last Updated: 08/25/2020
