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PROPERTY INFO
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.
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Alden Bridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$91,213
LOAN DETAILS
$1,190
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $80,625 |
| Loan Amount | $241,875 |
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
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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
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- 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
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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
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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
1.713.203.8950
Compass Re Texas, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 59108945
Last Updated: 12/12/2020
