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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $146.23
- 46 Days on Market
- MLS # : 27024325
- Updated Date : 01/22/2021 at 17:18
CONSTRUCTION
- Beds : 3
- Floor Size : 2,626 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Realty
Listing Agent's Description
Come in and check out this amazing home. The house has everything. Three bedrooms with a multigenerational setup. The best part about this house is the amazing back yard. With plenty of room for any activity back there and with no back neighbors its a Woodlands paradise. The kitchen has a great layout with a beautiful island cooktop and plenty of storage and counter space. Their is an atrium right off the kitchen that would be great for a smoker or grill for those chefs that like to keep everything close. The garage is tandem which can become a perfect flex space for a garage gym. Come and check this house out today.
SEE MORE
- 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: Cochran's Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cochran's Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,360 |
| EXPENSES | Loan Payment | -$1,334 |
| Property Tax | -$738 | |
| Property Insurance | -$179 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$10
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 18% of earned rent to cover both maintenance and periods of vacancy.
$384,000
PROJECTED PRICE
$2,360
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.61% |
| Appreciation Year (1-5) | 3.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 10.23% |
| 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
$107,510
LOAN DETAILS
$1,334
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $96,000 |
| Loan Amount | $288,000 |
2.17
YEARS SAVED
$5,688
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,360
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$2,396
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
2 S Crossed Birch Pl Place Spring, TX 2
- 3 beds 3 baths ∙ 2,626 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,626 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $2,360
- $0.90
-
34 W Stony End Place The Woodlands, TX 1
- 4 beds 3 baths ∙ 2,532 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,532 Sqft ∙ Built 1992
LEASED 10/15/20- Rent
- Rent Per SQFT
- $2,100
- $0.83
-
29 Summer Court The Woodlands, TX 3
- 4 beds 3 baths ∙ 2,546 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,546 Sqft ∙ Built 1991
LEASED 01/27/20- Rent
- Rent Per SQFT
- $2,375
- $0.93
-
126 Summer Storm Place The Woodlands, TX 4
- 4 beds 3 baths ∙ 2,736 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,736 Sqft ∙ Built 1993
LEASED 11/12/20- Rent
- Rent Per SQFT
- $2,500
- $0.91
-
6 Bayginger Place The Woodlands, TX 5
- 4 beds 3 baths ∙ 2,594 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,594 Sqft ∙ Built 1991
LEASED 10/09/20- Rent
- Rent Per SQFT
- $2,550
- $0.98
PROPERTY LISTING DETAILS
1.713.906.5087
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 27024325
Last Updated: 01/22/2021
