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19657 Maple Lane New Caney, TX 77357

3 Beds 2 Baths 1,808 sqft Built 1980

$165,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1980
  • Price/Sqft : $91.26
  • 3 Days on Market
  • MLS # : 51955433
  • Updated Date : 11/07/2020 at 17:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,808 sqft
  • Baths : 2 full
Listing Agent

Lifestyles Realty, Inc.

Listing Agent's Description

PRICED TO MOVE QUICK!! Quiet living just minutes from the city! Property was recently updated and is tenant occupied through March 2021 at $1375/mo. the home boasts a huge living area and master bedroom! Some of the updates include a NEW A/C system, NEW Breaker box and upgraded GCFI wall switches, NEW gutters, NEW Carpet, NEW Fixtures, Cleaned and flushed septic, Completely painted inside and out!! THIS IS A MUST SEE!! DON'T MISS OUT!!

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: Peach Creek Forest

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $57k222k

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

Neighborhood: Peach Creek Forest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q27008009001000110012001300140015001600Rent in $6641677

* 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
Keefer Crossing Middle School Middle Regular 795 51 4
New Caney High School High Regular 1,587 115 3

Keefer Crossing Middle School

  • Education Level: Middle
  • # of students: 795
  • # of teachers: 51
4
GreatSchools Rating

New Caney High School

  • Education Level: High
  • # of students: 1,587
  • # of teachers: 115
3
GreatSchools Rating
 

$148,500$181,500$165,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$609
Property Tax -$331
Property Insurance -$132
Property Management Fees -$99
CASH FLOW
$390

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$165,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.95%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.99%
Appreciation Year (1-5) 4.8%
Maintenance Year (1-5) 8.00%
Vacancy 8.01%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$49,475

INVESTMENT

$49,475

Down Payment
$41,250
Rehab Estimate
$5,750
Closing Costs
$2,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$609

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $41,250
Loan Amount $123,750
See What Happens When You Reinvest Cash Flow

13.5

YEARS SAVED

$41,860

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,675

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,3953$1,4954$1,560
$1,560
RENT COMPS ANALYSIS
  • 19657 Maple Lane Spring, TX 4
    • 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.86
    •  
  • 1903 Southwood Drive Woodbranch, TX 1
    • 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 1978
    property image
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.83
    •  
  • 2106 Woodway Drive Woodbranch, TX 2
    • 3 beds 2 baths ∙ 1,477 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,477 Sqft ∙ Built 1979
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.94
    •  
  • 2003 Woodway Drive Woodbranch, TX 3
    • 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 1979
    property image
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.01
    •  
PROPERTY LISTING DETAILS
Joe Wimberly
1.713.898.5052
Lifestyles Realty, Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 51955433
Last Updated: 11/07/2020
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