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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bentwater
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$90,285
LOAN DETAILS
$1,108
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 3.75% |
Down Payment | $79,750 |
Loan Amount | $239,250 |
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
PROPERTY LISTING DETAILS
1.936.777.8663
One Property Grp
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 95516317
Last Updated: 01/07/2021