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20 Camden Hills Drive Montgomery, TX 77356

3 Beds 3 Baths 2,500 sqft Built 2014

$319,000

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $127.60
  • 4 Days on Market
  • MLS # : 95516317
  • Updated Date : 01/07/2021 at 19:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,500 sqft
  • Baths : 2 full , 1 half
Listing Agent

One Property Grp

Listing Agent's Description

Prestigious Bentwater 2 story home situated on an oversized lot! Features include tile flooring in kitchen, family, breakfast and laundry room. Kitchen has a new gas cooktop, island, and all SS appliances. Hardwood floors lead to the upstairs bedrooms & office/game room. New carpet in all bedrooms. Extensive crown molding downstairs, master suite offers double vanities, whirlpool tub, & separate shower. All bathrooms offer granite counters. Upstairs offers a balcony for you to sit and relax and enjoy the evening sunsets. The exterior offers a 2 car garage plus a screened in covered patio and a sprinkler system in the front and sides of the home. Bentwater is zoned to highly sought after MISD schools district. Call for your personal tour of this beautiful home.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Houston metro contributes to 29.5% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Bentwater

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $113k439k

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

Neighborhood: Bentwater

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10722960

* 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
Montgomery Elementary School Primary Regular 765 49 6
Montgomery Junior High School Middle Regular 1,276 74 7
Montgomery High School High Regular 2,362 153 7

Montgomery Elementary School

  • Education Level: Primary
  • # of students: 765
  • # of teachers: 49
6
GreatSchools Rating

Montgomery Junior High School

  • Education Level: Middle
  • # of students: 1,276
  • # of teachers: 74
7
GreatSchools Rating

Montgomery High School

  • Education Level: High
  • # of students: 2,362
  • # of teachers: 153
7
GreatSchools Rating
 

$287,100$350,900$319,000

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$1,108
Property Tax -$618
Property Insurance -$171
HOA -$175
Property Management Fees -$99
CASH FLOW
$18

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.

$319,000

PROJECTED PRICE

$2,190

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 3.2%
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

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$90,285

INVESTMENT

$90,285

Down Payment
$79,750
Rehab Estimate
$5,750
Closing Costs
$4,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,108

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,750
Loan Amount $239,250
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$5,025

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,190

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,200

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9503$1,9754$2,0005$2,190
$2,190
RENT COMPS ANALYSIS
  • 20 Camden Hills Drive Montgomery, TX 5
    • 3 beds 3 baths ∙ 2,500 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,500 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $0.88
    •  
  • 55 Wilmington Road Montgomery, TX 1
    • 3 beds 3 baths ∙ 2,200 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,200 Sqft ∙ Built 2000
    LEASED 07/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.86
    •  
  • 197 Monterrey Road Montgomery, TX 2
    • 3 beds 3 baths ∙ 2,278 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,278 Sqft ∙ Built 1997
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.86
    •  
  • 20 Marina Way Montgomery, TX 3
    • 3 beds 3 baths ∙ 2,180 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,180 Sqft ∙ Built 2005
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.91
    •  
  • 12 Marina Way Montgomery, TX 4
    • 3 beds 3 baths ∙ 2,244 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,244 Sqft ∙ Built 2005
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.89
    •  
PROPERTY LISTING DETAILS
Monica Bresofski
1.936.777.8663
One Property Grp
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 95516317
Last Updated: 01/07/2021
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