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1916 Sleepy Hollow Drive Pearland, TX 77581

3 Beds 3 Baths 2,077 sqft Built 1982

$265,000

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $127.59
  • 3 Days on Market
  • MLS # : 21068570
  • Updated Date : 03/05/2021 at 14:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,077 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bhgre Gary Greene

Listing Agent's Description

Pretty 3 bedrooms, 2.5 bath custom home in a parklike setting on a large lot. with inground swimming pool. Updated kitchen and appliances with granite countertops. Good size breakfast area and a large living room with pretty, wood burning fireplace. Updated bathrooms. Master bedroom down, and two good sized bedrooms upstairs. Double paned windows 1st floor. Cement board siding. Lots of storage space. Large backyard with a covered patio and pool. No HOA and low tax rate (2.62 in 2020) Sleepy Hollow is a small subdivision next to the larger Wood Creek subdivision.

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: Sleepy Hollow

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Neighborhood: Sleepy Hollow

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10722072

* 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
Shadycrest Elementary School Primary Regular 588 35 9
Pearland Jr High East Middle Regular 674 38 9
Pearland High School High Regular 2,920 177 7

Shadycrest Elementary School

  • Education Level: Primary
  • # of students: 588
  • # of teachers: 35
9
GreatSchools Rating

Pearland Jr High East

  • Education Level: Middle
  • # of students: 674
  • # of teachers: 38
9
GreatSchools Rating

Pearland High School

  • Education Level: High
  • # of students: 2,920
  • # of teachers: 177
7
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$920
Property Tax -$596
Property Insurance -$168
Property Management Fees -$99
CASH FLOW
$97

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.

$265,000

PROJECTED PRICE

$1,880

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 7.2%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$8,771

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,900

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8803$1,9004$1,9505$2,300
$2,300
RENT COMPS ANALYSIS
  • 1916 Sleepy Hollow Drive Pearland, TX 2
    • 3 beds 3 baths ∙ 2,077 Sqft ∙ Built 1982 3 beds 3 baths ∙ 2,077 Sqft ∙ Built 1982
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.91
    •  
  • 2706 Wood Creek Drive Pearland, TX 1
    • 4 beds 2 baths ∙ 1,978 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,978 Sqft ∙ Built 1978
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.88
    •  
  • 1937 Prairie Creek Drive Pearland, TX 3
    • 3 beds 2 baths ∙ 1,995 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,995 Sqft ∙ Built 1992
    property image
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.95
    •  
  • 2713 Yost Boulevard Pearland, TX 4
    • 3 beds 3 baths ∙ 2,327 Sqft ∙ Built 1982 3 beds 3 baths ∙ 2,327 Sqft ∙ Built 1982
    property image
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.84
    •  
  • 2004 Sleepy Hollow Drive Pearland, TX 5
    • 4 beds 3 baths ∙ 2,323 Sqft ∙ Built 1967 4 beds 3 baths ∙ 2,323 Sqft ∙ Built 1967
    property image
    LEASED 09/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.99
    •  
PROPERTY LISTING DETAILS
Toril Seljenes
1.713.253.7977
Bhgre Gary Greene
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 21068570
Last Updated: 03/05/2021
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