Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $114.35
- 2 Days on Market
- MLS # : 25046083
- Updated Date : 01/30/2021 at 16:47
CONSTRUCTION
- Beds : 3
- Floor Size : 1,924 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
This beautiful 3/2/2 home perfect for entertaining is located on a cul-de-sac street. Home has hardwood floors in the main areas of the home. The master bathroom has been updated. Fresh paint in the home and is move in ready. Large kitchen perfect for entertaining or just cook. Lots of counter space. Stainless steel appliances in the kitchen. The home has energy efficient windows and has a solar system. The home also has both formals. The backyard has a back patio that is perfect for entertaining and large oak trees for shade.
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: Westfield
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Westfield
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,590 |
EXPENSES | Loan Payment | -$764 |
Property Tax | -$489 | |
Property Insurance | -$157 | |
HOA | -$31 | |
Property Management Fees | -$99 | |
CASH FLOW
$50
|
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.
$220,000
PROJECTED PRICE
$1,590
PROJECTED RENT
0.72%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 2.87% |
Appreciation Year (1-5) | 7.7% |
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
$64,050
LOAN DETAILS
$764
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 3.75% |
Down Payment | $55,000 |
Loan Amount | $165,000 |
2.83
YEARS SAVED
$5,064
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,590
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$1,674
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
1.281.954.1152
Coldwell Banker Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 25046083
Last Updated: 01/30/2021