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PROPERTY INFO
FACTS
- Single Family
- Built In 1982
- Price/Sqft : $136.17
- 2 Days on Market
- MLS # : 43839038
- Updated Date : 11/21/2020 at 11:29
CONSTRUCTION
- Beds : 3
- Floor Size : 1,432 sqft
- Baths : 2 full
Listing Agent
Century Properties Real Estate
Listing Agent's Description
NEVER FLOODED! Energy efficient, open concept home in a quiet Deer Park neighborhood. This 3 bedrooms, 2 full bath home is in the heart of Westside Manor, just one block from the Battleground Golf Course. It has granite throughout the kitchen and bathrooms. A newly installed ceramic wood-look floors and a custom-built bookcase around the wood burning fireplace. You will enjoy the large covered patio and large back yard with your family and the family-friendly residents of Westside Manor. The home also features a double garage, new privacy fence, recently trimmed large Ash trees and energy efficient double pane windows that will save you money on cooling and heating. The high ceilings, new ceiling fans and beautiful moulding makes this home ‘a must see today’! Call today!
SEE MORE
- 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: Westside Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Westside Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,610 |
| EXPENSES | Loan Payment | -$719 |
| Property Tax | -$499 | |
| Property Insurance | -$124 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$168
|
||
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.
$195,000
PROJECTED PRICE
$1,610
PROJECTED RENT
0.83%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 7.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.28% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$57,425
LOAN DETAILS
$719
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $48,750 |
| Loan Amount | $146,250 |
5.75
YEARS SAVED
$14,737
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,610
LIST RENT -
$1.12
LIST RENT PER SQFT
-
$1,607
COMP ESTIMATED VALUE -
$1.12
COMP AVG. RENT PER SQFT
Comps Range
-
1902 Willowbend Drive Deer Park, TX 3
- 3 beds 2 baths ∙ 1,432 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,432 Sqft ∙ Built 1982
![property image]()
- Rent
- Rent Per SQFT
- $1,610
- $1.12
-
1201 Brookhollow Drive Deer Park, TX 1
- 3 beds 2 baths ∙ 1,258 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,258 Sqft ∙ Built 1977
![property image]()
LEASED 10/28/20- Rent
- Rent Per SQFT
- $1,365
- $1.09
-
4150 Alecia Drive Pasadena, TX 2
- 3 beds 2 baths ∙ 1,252 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,252 Sqft ∙ Built 1978
![property image]()
LEASED 02/24/20- Rent
- Rent Per SQFT
- $1,400
- $1.12
-
1801 Whitebriar Drive Deer Park, TX 4
- 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1982
![property image]()
LEASED 09/28/20- Rent
- Rent Per SQFT
- $1,625
- $1.16
-
4114 Venetian Way Pasadena, TX 5
- 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 1972
![property image]()
LEASED 07/17/20- Rent
- Rent Per SQFT
- $1,650
- $1.12
PROPERTY LISTING DETAILS
1.713.478.6465
Century Properties Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 43839038
Last Updated: 11/21/2020
