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2 Beckett Hill Place The Woodlands, TX 77382

3 Beds 2 Baths 2,135 sqft Built 1997

$322,500

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $151.05
  • 3 Days on Market
  • MLS # : 59108945
  • Updated Date : 12/12/2020 at 09:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,135 sqft
  • Baths : 2 full
Listing Agent

Compass Re Texas, Llc

Listing Agent's Description

Location, open floor plan, and flexible layout...this charming 3 bedroom, 2 bath home in Alden Bridge is a must see! With over $30,000 in recent updates, this home is situated on a large, wooded, cul-de-sac lot with amazing expansive paver patio, and a highly desirable DETACHED two car garage with long driveway. Neutral color palette is warm and inviting with abundant windows throughout. Open concept Family Room and Kitchen is ideal for entertaining. Kitchen features granite island and updated stainless appliances. Dedicated STUDY with French Doors for WORK-AT-HOME PRIVACY. Spacious Primary Bedroom has updated ensuite bath with frameless glass shower, double sink granite vanity and walk-in closet. Architectural details include archways, crown molding, chair rail and high ceilings. Refrigerator (Nov 2020), Washer/Dryer (2018) remain. Roof 3 yrs. old. Convenient access to Research Forest, 1488 and 2978. Enjoy The Woodlands dining, shopping and entertainment! Low tax rate. NEVER FLOODED.

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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: 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
Bush Elementary School Primary Regular 698 42 10
Mccullough Junior High School Middle Regular 2,229 120 10
The Woodlands High School Senior Campus High Regular 4,142 228 9

Bush Elementary School

  • Education Level: Primary
  • # of students: 698
  • # of teachers: 42
10
GreatSchools Rating

Mccullough Junior High School

  • Education Level: Middle
  • # of students: 2,229
  • # of teachers: 120
10
GreatSchools Rating

The Woodlands High School Senior Campus

  • Education Level: High
  • # of students: 4,142
  • # of teachers: 228
9
GreatSchools Rating
 

$290,250$354,750$322,500

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,190
Property Tax -$641
Property Insurance -$150
Property Management Fees -$99
CASH FLOW
$9

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.

$322,500

PROJECTED PRICE

$2,090

PROJECTED RENT

0.65%

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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,213

INVESTMENT

$91,213

Down Payment
$80,625
Rehab Estimate
$5,750
Closing Costs
$4,838

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,190

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $80,625
Loan Amount $241,875
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$8,201

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,130

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,0903$2,1004$2,1005$2,150
$2,150
RENT COMPS ANALYSIS
  • 2 Beckett Hill Place The Woodlands, TX 2
    • 3 beds 2 baths ∙ 2,135 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,135 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.98
    •  
  • 34 S Willow Point Circle The Woodlands, TX 1
    • 4 beds 3 baths ∙ 2,020 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,020 Sqft ∙ Built 1998
    property image
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.01
    •  
  • 18 E Pipers Green Street The Woodlands, TX 3
    • 3 beds 3 baths ∙ 2,220 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,220 Sqft ∙ Built 2004
    property image
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.95
    •  
  • 10 Wind Harp Place The Woodlands, TX 4
    • 4 beds 3 baths ∙ 1,976 Sqft ∙ Built 1995 4 beds 3 baths ∙ 1,976 Sqft ∙ Built 1995
    property image
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.06
    •  
  • 18 Bonnaire Drive The Woodlands, TX 5
    • 4 beds 2 baths ∙ 2,208 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,208 Sqft ∙ Built 1997
    property image
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.97
    •  
PROPERTY LISTING DETAILS
Amy Raper
1.713.203.8950
Compass Re Texas, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 59108945
Last Updated: 12/12/2020
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