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19927 Black Cherry Bend Ct Court Cypress, TX 77433

4 Beds 3 Baths 2,348 sqft Built 1994

$252,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $107.33
  • 5 Days on Market
  • MLS # : 7791255
  • Updated Date : 11/18/2020 at 17:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,348 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bhgre Gary Greene

Listing Agent's Description

Located in Fairfield, walking distance from 10 Acre Park-a huge field for gatherings and sports and a gated playground. It has two walking trails that lead to the closest pool. Fairfield has tons of amenities including 6 pools, 2 splashpads, 1 dog park, numerous tennis courts and baseball fields, an indoor basketball gym, exercise and weight room, and at least ten miles of walking/running trails that go around lakes and other grassy areas. The house is located with a cozy front porch and amazing backyard. The backyard is huge! It has a fire pit, and a covered patio. Also fresh new paint in most of the living spaces.

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: Fairfield Inwood Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Neighborhood: Fairfield Inwood Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10722063

* 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
Ault Elementary School Primary Regular 1,010 51 8
Dr Cheryl Corbett Salyards Middle School Middle Unknown 1,544 80 NA
Bridgeland High School High Regular NA

Ault Elementary School

  • Education Level: Primary
  • # of students: 1,010
  • # of teachers: 51
8
GreatSchools Rating

Dr Cheryl Corbett Salyards Middle School

  • Education Level: Middle
  • # of students: 1,544
  • # of teachers: 80
NA
GreatSchools Rating

Bridgeland High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$226,800$277,200$252,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$930
Property Tax -$510
Property Insurance -$186
HOA -$74
Property Management Fees -$99
CASH FLOW
$31

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.

$252,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$72,530

INVESTMENT

$72,530

Down Payment
$63,000
Rehab Estimate
$5,750
Closing Costs
$3,780

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$930

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,000
Loan Amount $189,000
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$6,050

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,943

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,775
1$1,7752$1,8303$1,8454$1,8505$2,063
$2,063
RENT COMPS ANALYSIS
  • 19927 Black Cherry Bend Ct Court Cypress, TX 2
    • 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.78
    •  
  • 15115 Trumpet Vine Lane Cypress, TX 1
    • 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 1994
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.82
    •  
  • 19811 Black Cherry Bend Court Cypress, TX 3
    • 4 beds 3 baths ∙ 2,246 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,246 Sqft ∙ Built 1994
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.82
    •  
  • 20022 Bayliss Manor Lane Cypress, TX 4
    • 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2014
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.79
    •  
  • 15122 Red Cedar Bluff Lane Cypress, TX 5
    • 4 beds 2 baths ∙ 2,354 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,354 Sqft ∙ Built 1994
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,063
    • $0.88
    •  
PROPERTY LISTING DETAILS
Jeffrey Bottoms
1.832.764.9899
Bhgre Gary Greene
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 7791255
Last Updated: 11/18/2020
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