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20 Tanager Trail The Woodlands, TX 77381

3 Beds 3 Baths 2,203 sqft Built 1987

$350,000

List Price

$2,300

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $158.87
  • 3 Days on Market
  • MLS # : 88795418
  • Updated Date : 01/02/2021 at 12:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,203 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group Iconic

Listing Agent's Description

Welcome home to this beautiful and freshly painted 2 story brick home nestled into a picturesque corner cul-de-sac lot within the highly desirable Village of Cochrans Crossing within The Woodlands. This home has 3 bedrooms and 2.5 full bath with formal dining and living room. It boasts wood look vinyl & tile floors, two way gas fireplace, kitchen overlooking the family room, granite countertops, stainless appliances, large primary suite, gunite pool with hot tub and water feature, detached garage and so much more. Located close to all the amenities of the front of The Woodlands, multiple parks, trails, fishing ponds, golf courses and more. This one has so much to offer and is a must see!

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: Cochran's Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $113k547k

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

Neighborhood: Cochran's Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10723320

* 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
Collins Intermediate School Primary Regular 674 36 10
Collins Intermediate School Middle Regular 674 36 10
The Woodlands College Park High School High Regular 2,794 161 9

Collins Intermediate School

  • Education Level: Primary
  • # of students: 674
  • # of teachers: 36
10
GreatSchools Rating

Collins Intermediate School

  • Education Level: Middle
  • # of students: 674
  • # of teachers: 36
10
GreatSchools Rating

The Woodlands College Park High School

  • Education Level: High
  • # of students: 2,794
  • # of teachers: 161
9
GreatSchools Rating
 

$315,000$385,000$350,000

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$1,291
Property Tax -$696
Property Insurance -$154
Property Management Fees -$99
CASH FLOW
$59

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.

$350,000

PROJECTED PRICE

$2,300

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$9,061

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,300

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $2,120

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9253$2,0004$2,2005$2,300
$2,300
RENT COMPS ANALYSIS
  • 20 Tanager Trail The Woodlands, TX 5
    • 3 beds 3 baths ∙ 2,203 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,203 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.04
    •  
  • 10 Trailhead Place The Woodlands, TX 1
    • 4 beds 2 baths ∙ 2,027 Sqft ∙ Built 1991 4 beds 2 baths ∙ 2,027 Sqft ∙ Built 1991
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.94
    •  
  • 87 W Trillium Circle The Woodlands, TX 2
    • 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 1991 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 1991
    LEASED 08/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.90
    •  
  • 51 N Pathfinders Circle The Woodlands, TX 3
    • 3 beds 3 baths ∙ 2,009 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,009 Sqft ∙ Built 1988
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.00
    •  
  • 104 W Rainbow Ridge Circle The Woodlands, TX 4
    • 4 beds 3 baths ∙ 2,168 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,168 Sqft ∙ Built 1988
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.01
    •  
PROPERTY LISTING DETAILS
Matthew Clegg
1.832.745.3417
Realty One Group Iconic
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 88795418
Last Updated: 01/02/2021
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