Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

194 W Sterling Pond Circle The Woodlands, TX 77382

3 Beds 2 Baths 2,049 sqft Built 1993

$285,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $139.09
  • 3 Days on Market
  • MLS # : 33176397
  • Updated Date : 01/08/2021 at 19:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,049 sqft
  • Baths : 2 full
Listing Agent

Woodlands Eco Realty

Listing Agent's Description

Perfect red brick home that has been lovingly maintained by the owners. Light and bright home has a split floor plan. Formal Dining and Study flank the entryway. As you walk into the living room you are welcomed by large windows and gorgeous fire place. Primary bedroom is tucked away lokking at the backyard with its own patio door. Primary bathroom has separate shower and tub, double sinks with granite counter top. Walk in Closet with lots of room. One of the guest bedroom has been used aa a cute nursery with it's own murals and will enchant any child's heart. 2nd guest bedroom has large window bringing lots of light inside. Study can be a 4th bedroom if needed. Breakfast area next to the kitchen has a door to step out on the large deck perfect for entertaining. This well planned home has lot to offer. Perfect location to access Hwy 242 or Research Forest. Neighborhood park and ponds are welcoming oasis for the residents. Close to all the amenities & Woodlands medical center

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

Neighborhood: Alden Bridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $113k391k

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

Neighborhood: Alden Bridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10722322

* 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
Collins Intermediate School Primary Regular 674 36 10
Collins Intermediate School Middle Regular 674 36 10
The Woodlands College Park High School High Regular 2,794 161 9

Collins Intermediate School

  • Education Level: Primary
  • # of students: 674
  • # of teachers: 36
10
GreatSchools Rating

Collins Intermediate School

  • Education Level: Middle
  • # of students: 674
  • # of teachers: 36
10
GreatSchools Rating

The Woodlands College Park High School

  • Education Level: High
  • # of students: 2,794
  • # of teachers: 161
9
GreatSchools Rating
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$990
Property Tax -$553
Property Insurance -$145
Property Management Fees -$99
CASH FLOW
$123

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.

$285,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 2.9%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$12,382

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,947

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9103$1,9254$1,9505$1,950
$1,950
RENT COMPS ANALYSIS
  • 194 W Sterling Pond Circle The Woodlands, TX 2
    • 3 beds 2 baths ∙ 2,049 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,049 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.93
    •  
  • 10 Trailhead Place The Woodlands, TX 1
    • 4 beds 2 baths ∙ 2,027 Sqft ∙ Built 1991 4 beds 2 baths ∙ 2,027 Sqft ∙ Built 1991
    property image
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.94
    •  
  • 87 W Trillium Circle The Woodlands, TX 3
    • 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 1991 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 1991
    property image
    LEASED 08/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.90
    •  
  • 43 E Trillium Circle The Woodlands, TX 4
    • 4 beds 2 baths ∙ 1,995 Sqft ∙ Built 1991 4 beds 2 baths ∙ 1,995 Sqft ∙ Built 1991
    property image
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.98
    •  
  • 38 Sweetdream Place The Woodlands, TX 5
    • 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 1991
    property image
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.98
    •  
PROPERTY LISTING DETAILS
Priyanka Johri
1.832.277.3577
Woodlands Eco Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 33176397
Last Updated: 01/08/2021
BESbswy