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PROPERTY INFO
FACTS
- Single Family
- Built In 1982
- Price/Sqft : $132.62
- 4 Days on Market
- MLS # : 82128319
- Updated Date : 01/28/2021 at 10:10
CONSTRUCTION
- Beds : 3
- Floor Size : 2,330 sqft
- Baths : 2 full , 1 half
Listing Agent
Bhgre Gary Greene
Listing Agent's Description
Gorgeous, 3/4 bedroom on a corner, cul-de-sac lot. This home has all the updates, including NEW ROOF '20, FENCE '19, STORAGE SHED '20, HVAC SYSTEM '14 & WATER HEATER '15. Kitchen remodel includes cabinets, granite counters, SS appliances including refrigerator that will stay in the home, undermount sink w/professional style faucet and brushed nickel fixtures & pulls. With this open floorplan, you can see thru the home with large windows overlooking the private backyard with no rear neighbors directly behind. There are wood looking tile floors throughout the downstairs, stairway and the upstairs hall. Downstairs primary bedroom and upstairs secondary bedrooms along with the bonus room have carpet. There is also access to a huge walkout attic space perfect for holiday decor & other keepsakes. This upfront location in The Woodlands is close to shopping, restaurants and access to I-45, for a quick commute to work, and within walking distance to schools, parks and pools. Come look today!
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: Panther Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Panther Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,950 |
| EXPENSES | Loan Payment | -$1,073 |
| Property Tax | -$571 | |
| Property Insurance | -$162 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$45
|
||
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.
$309,000
PROJECTED PRICE
$1,950
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 4.3% |
| 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
$87,635
LOAN DETAILS
$1,073
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $77,250 |
| Loan Amount | $231,750 |
3.25
YEARS SAVED
$8,165
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,950
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$2,080
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
2 Meadow Beauty Court The Woodlands, TX 1
- 3 beds 3 baths ∙ 2,330 Sqft ∙ Built 1982 3 beds 3 baths ∙ 2,330 Sqft ∙ Built 1982
- Rent
- Rent Per SQFT
- $1,950
- $0.84
-
11 Sand Piper Place The Woodlands, TX 2
- 4 beds 3 baths ∙ 2,441 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,441 Sqft ∙ Built 1984
LEASED 01/27/21- Rent
- Rent Per SQFT
- $2,100
- $0.86
-
23 Windfellow Place The Woodlands, TX 3
- 3 beds 3 baths ∙ 2,514 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,514 Sqft ∙ Built 1984
LEASED 02/26/20- Rent
- Rent Per SQFT
- $2,100
- $0.84
-
108 E Lakeridge Drive Spring, TX 4
- 3 beds 3 baths ∙ 2,354 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,354 Sqft ∙ Built 1993
LEASED 03/24/20- Rent
- Rent Per SQFT
- $2,125
- $0.90
-
7 Brookline Court The Woodlands, TX 5
- 4 beds 3 baths ∙ 2,524 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,524 Sqft ∙ Built 1989
LEASED 03/26/20- Rent
- Rent Per SQFT
- $2,450
- $0.97
PROPERTY LISTING DETAILS
1.713.703.5078
Bhgre Gary Greene
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 82128319
Last Updated: 01/28/2021
