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1933 Wildwood Ridge Drive Missouri City, TX 77489

3 Beds 3 Baths 2,191 sqft Built 1986

$219,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $99.95
  • 4 Days on Market
  • MLS # : 3586389
  • Updated Date : 02/13/2021 at 12:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,191 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Property is located in a well established quiet neighborhood. Home has modern upgrades and has been impeccably maintained. The living room has an open concept into formal dining area. Kitchen has been completely remodeled with quartz counters and new appliances. On the second floor is a nice sized area that can be used as a family, media or game room. Present Owners are using it as a spacious office with a comfortable seating area. One wall has newly built shelves and desk. Home features a huge master suite with a beautiful master bathroom. This home features tile throughout the first floor and wood flooring upstairs with tile in the bathrooms. This property is a must see so you may visualize your family living and enjoying this beautiful home. Property is conveniently located near shopping areas and restaurants with easy assess to Interstate 59 and Beltway 8. Set your appointment soon to view this lovely well maintained home.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Houston metro employment growth is at 1.8% and predicted to grow to 2.7% in 2019-20 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Hunters Green

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $95k274k

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

Neighborhood: Hunters Green

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9561788

* 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
Glover Elementary School Primary Regular 565 40 3
Missouri City Middle School Middle Regular 1,116 79 3
Marshall High School High Regular 1,242 93 2

Glover Elementary School

  • Education Level: Primary
  • # of students: 565
  • # of teachers: 40
3
GreatSchools Rating

Missouri City Middle School

  • Education Level: Middle
  • # of students: 1,116
  • # of teachers: 79
3
GreatSchools Rating

Marshall High School

  • Education Level: High
  • # of students: 1,242
  • # of teachers: 93
2
GreatSchools Rating
 

$197,100$240,900$219,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$761
Property Tax -$498
Property Insurance -$154
HOA -$30
Property Management Fees -$99
CASH FLOW
$70

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.

$219,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 8.7%
Maintenance Year (1-5) 8.00%
Vacancy 8.80%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$63,785

INVESTMENT

$63,785

Down Payment
$54,750
Rehab Estimate
$5,750
Closing Costs
$3,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$761

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $54,750
Loan Amount $164,250
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$6,734

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
  • $0.73

    LIST RENT PER SQFT
  • $1,714

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6103$1,6504$1,7005$1,795
$1,795
RENT COMPS ANALYSIS
  • 1933 Wildwood Ridge Drive Missouri City, TX 2
    • 3 beds 3 baths ∙ 2,191 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,191 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.73
    •  
  • 2302 Bright Meadows Drive Missouri City, TX 1
    • 3 beds 2 baths ∙ 2,088 Sqft ∙ Built 1978 3 beds 2 baths ∙ 2,088 Sqft ∙ Built 1978
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.77
    •  
  • 2006 Poco Drive Missouri City, TX 3
    • 4 beds 2 baths ∙ 2,066 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,066 Sqft ∙ Built 2003
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.80
    •  
  • 2306 Rushbrook Drive Missouri City, TX 4
    • 4 beds 3 baths ∙ 2,127 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,127 Sqft ∙ Built 1980
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.80
    •  
  • 1906 Glen Park Drive Missouri City, TX 5
    • 3 beds 3 baths ∙ 2,356 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,356 Sqft ∙ Built 2002
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.76
    •  
PROPERTY LISTING DETAILS
Carmensita Chandler
1.281.380.2022
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 3586389
Last Updated: 02/13/2021
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