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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $105.35
- 2 Days on Market
- MLS # : 32006886
- Updated Date : 12/19/2020 at 16:46
CONSTRUCTION
- Beds : 3
- Floor Size : 1,590 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Charming 1 story home with a great split plan floorplan. Kitchen is open to breakfast area and the family room with a lovely corner fireplace. Lovely entrance that leads into the formal dining area. In 2015 wood Laminate floors were installed in the family room, dining room, hallways. Only the bedrooms have carpet. Kitchen includes upgraded range and dishwasher, an upgraded sink, large double door pantry and updated lighting fixtures. Ceiling Fans in all bedrooms and family room. Master bath includes 2 linen closets & walk-in clothes closet . The home got fresh interior paint in 2020.
SEE MORE
- 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: Remington Grove
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Remington Grove
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,490 |
| EXPENSES | Loan Payment | -$618 |
| Property Tax | -$459 | |
| Property Insurance | -$135 | |
| HOA | -$32 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$148
|
||
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.
$167,500
PROJECTED PRICE
$1,490
PROJECTED RENT
0.89%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.94% |
| Appreciation Year (1-5) | -7.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.80% |
| 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
$50,138
LOAN DETAILS
$618
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $41,875 |
| Loan Amount | $125,625 |
5.58
YEARS SAVED
$12,253
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,490
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$1,491
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
19114 Yellow Thrush Drive Cypress, TX 4
- 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 2005
![property image]()
- Rent
- Rent Per SQFT
- $1,490
- $0.94
-
19030 Larkspur Hills Drive Cypress, TX 1
- 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 2004
![property image]()
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,405
- $0.90
-
7422 Legacy Pines Drive Cypress, TX 2
- 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 2009
![property image]()
LEASED 08/09/20- Rent
- Rent Per SQFT
- $1,450
- $0.93
-
7335 Kransburg Ranch Drive Cypress, TX 3
- 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 2007
![property image]()
LEASED 01/31/20- Rent
- Rent Per SQFT
- $1,470
- $0.94
-
7534 Legacy Pines Drive Cypress, TX 5
- 3 beds 3 baths ∙ 1,779 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,779 Sqft ∙ Built 2008
![property image]()
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,741
- $0.98
PROPERTY LISTING DETAILS
1.281.301.8598
Coldwell Banker Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 32006886
Last Updated: 12/19/2020
