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18506 S Raven Shore Drive Cypress, TX 77433

3 Beds 3 Baths 2,837 sqft Built 2006

$400,000

List Price

$2,730

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $140.99
  • 7 Days on Market
  • MLS # : 79828668
  • Updated Date : 01/07/2021 at 14:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,837 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Platinum

Listing Agent's Description

Your search is over! Charming 1.5 story David Weekley located on a cul-de-sac with great curb appeal. Backyard oasis boasts salt water pool/spa, extended patio and beautiful landscaping surrounding the pool area. All New pool equipment. Fabulous open floor plan with tile floors and neutral paint throughout. Crown molding in the entry and formal dining room. Enter the study through French doors. Large family room with floor outlet, fan and surround sound. Gorgeous island kitchen has Silestone, tons of cabinets and new lighting in the kitchen, new microwave and dishwasher and breakfast area. Master bedroom has tile and fan. Spacious master suite and bath has double sinks, Jacuzzi tub and separate shower. Flex room between the secondary bedrooms. Upstairs is a large game room, half bath and a big closet. Gutters in front and back, sprinkler system. Call and Make an Appointment Today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Houston metro contributes to 29.5% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Shores

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $113k453k

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

Neighborhood: Shores

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10722969

* 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
Pope Elementary School Primary Unknown 995 52 NA
Smith Middle School Middle Regular 959 52 10
Bridgeland High School High Regular NA

Pope Elementary School

  • Education Level: Primary
  • # of students: 995
  • # of teachers: 52
NA
GreatSchools Rating

Smith Middle School

  • Education Level: Middle
  • # of students: 959
  • # of teachers: 52
10
GreatSchools Rating

Bridgeland High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$360,000$440,000$400,000

PURCHASE PRICE

$2,457$3,003$2,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,730
EXPENSES Loan Payment -$1,389
Property Tax -$876
Property Insurance -$219
HOA -$105
Property Management Fees -$99
CASH FLOW
$42

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.

$400,000

PROJECTED PRICE

$2,730

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 2.5%
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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$7,117

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,730

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,773

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,6003$2,7304$3,0005$3,100
$3,100
RENT COMPS ANALYSIS
  • 18506 S Raven Shore Drive Cypress, TX 3
    • 3 beds 3 baths ∙ 2,837 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,837 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,730
    • $0.96
    •  
  • 12307 S Raven Shore Court Cypress, TX 1
    • 4 beds 3 baths ∙ 2,715 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,715 Sqft ∙ Built 2008
    property image
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.92
    •  
  • 18430 Pin Oak Bend Drive Cypress, TX 2
    • 4 beds 3 baths ∙ 2,908 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,908 Sqft ∙ Built 2007
    property image
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.89
    •  
  • 17106 Massanet Point Drive Cypress, TX 4
    • 3 beds 4 baths ∙ 2,965 Sqft ∙ Built 2017 3 beds 4 baths ∙ 2,965 Sqft ∙ Built 2017
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.01
    •  
  • 18430 S Raven Shore Drive Cypress, TX 5
    • 4 beds 4 baths ∙ 2,837 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,837 Sqft ∙ Built 2007
    property image
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.09
    •  
PROPERTY LISTING DETAILS
Amy Lippincott
1.832.392.8818
Keller Williams Platinum
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 79828668
Last Updated: 01/07/2021
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