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19 Greentwig Place Spring, TX 77381

4 Beds 3 Baths 2,485 sqft Built 1990

$325,000

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $130.78
  • 3 Days on Market
  • MLS # : 46274779
  • Updated Date : 11/27/2020 at 08:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,485 sqft
  • Baths : 2 full , 1 half
Listing Agent

Greenwood King Properties

Listing Agent's Description

Traditional brick home located on cul-de-sac street with desirable floor plan including study, formal dining, & kitchen open to living room. Breakfast area features a bay window overlooking the spacious backyard. Kitchen features granite countertops with tumbled marble backsplash, stainless steel appliances, and recessed lighting. Porcelain tile throughout the entire first floor except for study, which features handsome hardwoods. All bedrooms are located upstairs along with a loft area that makes a great game room or additional study. New carpet installed & fresh paint throughout - as of November 2020. Primary bedroom features high ceilings plus bath with dual sinks, jetted soaking tub, separate shower & two walk-in closets. Double paned windows throughout the home. Remodeled half bath located downstairs with granite vanity. Mature trees in both the front & back yards with plenty of room for a pool. Neighborhood park & pond within walking distance. All info per Seller.

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
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,199
Property Tax -$590
Property Insurance -$171
Property Management Fees -$99
CASH FLOW
$142

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.

$325,000

PROJECTED PRICE

$2,200

PROJECTED RENT

0.68%

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$800k$900k

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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$14,228

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,392

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2003$2,2754$2,6505$2,850
$2,850
RENT COMPS ANALYSIS
  • 19 Greentwig Place Spring, TX 2
    • 4 beds 3 baths ∙ 2,485 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,485 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.89
    •  
  • 134 W Copper Sage Circle The Woodlands, TX 1
    • 5 beds 3 baths ∙ 2,524 Sqft ∙ Built 1990 5 beds 3 baths ∙ 2,524 Sqft ∙ Built 1990
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.87
    •  
  • 27 Nightwind Place The Woodlands, TX 3
    • 4 beds 3 baths ∙ 2,632 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,632 Sqft ∙ Built 1990
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $0.86
    •  
  • 69 N Peaceful Canyon Circle Circle The Woodlands, TX 4
    • 3 beds 3 baths ∙ 2,532 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,532 Sqft ∙ Built 1997
    LEASED 11/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.05
    •  
  • 14 Greenside Place The Woodlands, TX 5
    • 3 beds 3 baths ∙ 2,658 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,658 Sqft ∙ Built 1995
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.07
    •  
PROPERTY LISTING DETAILS
Cassandra Craig
1.713.208.6206
Greenwood King Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 46274779
Last Updated: 11/27/2020
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