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19062 Villa Lane Montgomery, TX 77356

3 Beds 3 Baths 2,139 sqft Built 2019

$260,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
December 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $121.55
  • 4 Days on Market
  • MLS # : 56515969
  • Updated Date : 12/17/2020 at 19:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,139 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group Iconic

Listing Agent's Description

Located minutes from downtown Montgomery and Lake Conroe, and just a short drive to The Woodlands you’ll find this beautiful 2,053 square foot, 3-bedroom / 2-bathroom home. It has a spacious living room and a large office area. The home has a separate dining room as well. This home features a spacious 15’x 15’ primary bedroom, with a separate shower and tub in the primary bathroom. Others in the family will love the large second and third bedrooms too. Granite counter tops in the kitchen and bathrooms will make this home feel even more grand. Fully equipped with a sprinkler system for the hot summer months! This corner lot home will not last long on the market. You will love this community. Come see it today before it’s gone.

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

Zip Code: 77356

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Zip Code: 77356

ZipNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10722163

* 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
Montgomery Elementary School Primary Regular 765 49 6
Montgomery Junior High School Middle Regular 1,276 74 7
Montgomery High School High Regular 2,362 153 7

Montgomery Elementary School

  • Education Level: Primary
  • # of students: 765
  • # of teachers: 49
6
GreatSchools Rating

Montgomery Junior High School

  • Education Level: Middle
  • # of students: 1,276
  • # of teachers: 74
7
GreatSchools Rating

Montgomery High School

  • Education Level: High
  • # of students: 2,362
  • # of teachers: 153
7
GreatSchools Rating
 

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

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$959
Property Tax -$512
Property Insurance -$151
HOA -$42
Property Management Fees -$99
CASH FLOW
$107

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$260,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 3.7%
Maintenance Year (1-5) 3.00%
Vacancy 9.28%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,900

INVESTMENT

$70,900

Down Payment
$65,000
Rehab Estimate
$2,000
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$12,318

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,904

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,8003$1,8704$1,8755$2,200
$2,200
RENT COMPS ANALYSIS
  • 19062 Villa Lane Montgomery, TX 3
    • 3 beds 3 baths ∙ 2,139 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,139 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.87
    •  
  • 435 Terra Vista Circle Montgomery, TX 1
    • 3 beds 2 baths ∙ 1,796 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,796 Sqft ∙ Built 2018
    property image
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.85
    •  
  • 106 Abner Lane Montgomery, TX 2
    • 4 beds 3 baths ∙ 2,010 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,010 Sqft ∙ Built 2015
    property image
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.90
    •  
  • 438 Terra Vista Circle Montgomery, TX 4
    • 4 beds 3 baths ∙ 2,246 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,246 Sqft ∙ Built 2018
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.83
    •  
  • 19006 Minero Lane Montgomery, TX 5
    • 3 beds 2 baths ∙ 2,252 Sqft ∙ Built 2015 3 beds 2 baths ∙ 2,252 Sqft ∙ Built 2015
    property image
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.98
    •  
PROPERTY LISTING DETAILS
Shori Spencer
1.832.684.5119
Realty One Group Iconic
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 56515969
Last Updated: 12/17/2020
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