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19827 Lindenwick Court Cypress, TX 77433

3 Beds 2 Baths 1,403 sqft Built 2005

$160,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $114.04
  • 3 Days on Market
  • MLS # : 96667150
  • Updated Date : 11/21/2020 at 17:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,403 sqft
  • Baths : 2 full
Listing Agent

Srl Fine Properties

Listing Agent's Description

Beautiful one story, 3bed, 2 bath, house in Cypress. Enjoy the nice size kitchen with recently upgraded granite counter tops, new bedrooms flooring, covered patio ,super nice curb appeal appeal and open floor plan!, this house is what you have been looking for. Don't miss this chance and schedule your appointment soon!

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: Cypress Springs

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $105k303k

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

Neighborhood: Cypress Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9652060

* 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
Andre Elementary School Primary Regular 1,235 72 7
Hopper Middle School Middle Regular 1,369 94 6
Cypress Springs High School High Regular 2,942 186 5

Andre Elementary School

  • Education Level: Primary
  • # of students: 1,235
  • # of teachers: 72
7
GreatSchools Rating

Hopper Middle School

  • Education Level: Middle
  • # of students: 1,369
  • # of teachers: 94
6
GreatSchools Rating

Cypress Springs High School

  • Education Level: High
  • # of students: 2,942
  • # of teachers: 186
5
GreatSchools Rating
 

$144,000$176,000$160,000

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$590
Property Tax -$438
Property Insurance -$127
HOA -$27
Property Management Fees -$99
CASH FLOW
$99

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.

$160,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.86%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 3.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$48,150

INVESTMENT

$48,150

Down Payment
$40,000
Rehab Estimate
$5,750
Closing Costs
$2,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$590

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $40,000
Loan Amount $120,000
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$8,342

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,391

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,375
1$1,3752$1,3803$1,4504$1,4955$1,550
$1,550
RENT COMPS ANALYSIS
  • 19827 Lindenwick Court Cypress, TX 2
    • 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $0.94
    •  
  • 7619 Shellmont Court Cypress, TX 1
    • 3 beds 3 baths ∙ 1,508 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,508 Sqft ∙ Built 2004
    property image
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.91
    •  
  • 7343 Leightonfield Court Cypress, TX 3
    • 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 2003
    property image
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.93
    •  
  • 7346 Village Lake Drive Cypress, TX 4
    • 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 2000
    property image
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.96
    •  
  • 19902 Strat Wood Court Cypress, TX 5
    • 4 beds 2 baths ∙ 1,576 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,576 Sqft ∙ Built 2004
    property image
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.98
    •  
PROPERTY LISTING DETAILS
Belkis Millan
1.760.686.4286
Srl Fine Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 96667150
Last Updated: 11/21/2020
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