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19827 Stonecross Glen Lane Cypress, TX 77433

3 Beds 3 Baths 1,636 sqft Built 2006

$179,900

List Price

$1,460

$1.3K - $1.6K

Rent Est.

$53,424

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+3.8%)
1 YR. PROJ. APPRECIATION


Cap Rate	3.2%
Cash Flow	$984
Value Increase	$7,036

10 YEAR

Cash On Cash	-2.9%
Total Return	8.0%

PROPERTY INFO

SINGLE-FAMILY

March 20, 2021 RECENTLY ADDED

FACTS

Single Family
Built In 2006
Price/Sqft : $109.96
3 Days on Market
MLS # : 32567303
Updated Date : 03/20/2021 at 14:08

CONSTRUCTION

Beds : 3
Floor Size : 1,636 sqft
Baths : 2 full , 1 half

Listing Agent

Mark Dimas Properties

Listing Agent's Description

Incredible home! Beautiful 3 bedroom 2.5 bath with open concept floor plan that works great for entertaining. Home has neutral tile floors, granite counter tops, fresh paint, game room, wood laminate flooring, stainless steel appliances, refrigerator, washer & dryer included, recessed lighting, energy efficient windows, huge covered patio and big backyard. Cy-Fair schools, easy access to major freeways and shopping. Call and make your appointment today!

19830 Stonecross Glen Ln

Cypress, Texas

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MARKET HIGHLIGHTS

Houston Market Report

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)

Neighborhood: Cypress Springs

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

Neighborhood: Cypress Springs

* 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

GreatSchools Rating

Hopper Middle School

Education Level: Middle
# of students: 1,369
# of teachers: 94

GreatSchools Rating

Cypress Springs High School

Education Level: High
# of students: 2,942
# of teachers: 186

GreatSchools Rating

FINANCIALS

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$161,910$197,89000$179,900

PURCHASE PRICE

$1,314$1,60600$1,460

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

Learn how to read this

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,460
EXPENSES	Loan Payment	-$625
	Property Tax	-$493
	Property Insurance	-$138
	HOA	-$24
	Property Management Fees	-$99



CASH FLOW $82

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.

$179,900

PROJECTED PRICE

$1,460

PROJECTED RENT

0.81%

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

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$53,424

Down Payment	$44,975
Rehab Estimate	$5,750
Closing Costs	$2,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$625

MONTHLY LOAN PAYMENT

30 yr

3.75%

25.00%

Down Payment

Term	30 Years
Interest	3.75%
Down Payment	$44,975
Loan Amount	$134,925

See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$5,902

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,460
LIST RENT
$0.89
LIST RENT PER SQFT

$1,505
COMP ESTIMATED VALUE
$0.92
COMP AVG. RENT PER SQFT

Comps Range

$1,450

1$1,4502$1,4603$1,4754$1,5505$1,595

$1,595

RENT COMPS ANALYSIS

1,636
PROPERTY SQFT
$0.92
AVG RENT PER SQFT
$1,505
ESTIMATED VALUE
$1,460
LIST RENT

19827 Stonecross Glen Lane Cypress, TX 1

3 beds 3 baths ∙ 1,636 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,636 Sqft ∙ Built 2006
Price

Price Per SQFT

$179,900

$109.96
19330 Poppy Grove Lane Cypress, TX 2

3 beds 3 baths ∙ 1,729 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,729 Sqft ∙ Built 2007
SOLD 11/19/20
Price

Price Per SQFT

$184,000

$106.42
19519 Lighthouse Scene Lane Cypress, TX 3

3 beds 2 baths ∙ 1,536 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 2006
SOLD 01/08/21
Price

Price Per SQFT

$190,000

$123.70
7711 Little Thicket Court Cypress, TX 4

3 beds 2 baths ∙ 1,624 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 2002
SOLD 03/18/21
Price

Price Per SQFT

$200,000

$123.15
7447 River Pines Drive Cypress, TX 5

3 beds 3 baths ∙ 1,502 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,502 Sqft ∙ Built 1997
SOLD 03/04/21
Price

Price Per SQFT

$200,000

$133.16

19827 Stonecross Glen Lane Cypress, TX 2

3 beds 3 baths ∙ 1,636 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,636 Sqft ∙ Built 2006
Rent

Rent Per SQFT

$1,460

$0.89
7343 Leightonfield Court Cypress, TX 1

3 beds 2 baths ∙ 1,567 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 2003
LEASED 04/16/20
Rent

Rent Per SQFT

$1,450

$0.93
7734 Galleon Field Lane Cypress, TX 3

3 beds 3 baths ∙ 1,694 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,694 Sqft ∙ Built 2006
LEASED 11/23/20
Rent

Rent Per SQFT

$1,475

$0.87
7843 Galleon Field Lane Cypress, TX 4

3 beds 3 baths ∙ 1,696 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,696 Sqft ∙ Built 2006
LEASED 08/07/20
Rent

Rent Per SQFT

$1,550

$0.91
19834 Hidden Shadow Lane Cypress, TX 5

4 beds 3 baths ∙ 1,652 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,652 Sqft ∙ Built 2004
LEASED 02/01/21
Rent

Rent Per SQFT

$1,595

$0.97

PROPERTY LISTING DETAILS

Gilbert Tovar
1.832.922.1865
Mark Dimas Properties

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 32567303
Last Updated: 03/20/2021

19827 Stonecross Glen Lane Cypress, TX 77433

$179,900

$1,460

$53,424

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Andre Elementary School

Hopper Middle School

Cypress Springs High School

FINANCIALS

$161,910$197,89000$179,900

$1,314$1,60600$1,460

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$179,900

$1,460

0.81%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$625

3.58

$5,902

$179,900

$109.96

$198,950

$121.61

COMPS RANGE

PRICE COMPS ANALYSIS

$1,460

$0.89

$1,505

$0.92

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS