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20007 Jasperwood Circle Katy, TX 77449

3 Beds 2 Baths 1,924 sqft Built 1984

$220,000

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • 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

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Neighborhood: Westfield

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8732063

* 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
Mcroberts Elementary School Primary Regular 817 65 8
Cardiff Junior High School Middle Regular 963 78 6
Mayde Creek High School High Regular 2,755 158 7

Mcroberts Elementary School

  • Education Level: Primary
  • # of students: 817
  • # of teachers: 65
8
GreatSchools Rating

Cardiff Junior High School

  • Education Level: Middle
  • # of students: 963
  • # of teachers: 78
6
GreatSchools Rating

Mayde Creek High School

  • Education Level: High
  • # of students: 2,755
  • # of teachers: 158
7
GreatSchools Rating
 

$198,000$242,000$220,000

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$764

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

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
$1,590
1$1,5902$1,5953$1,6254$1,6505$1,650
$1,650
RENT COMPS ANALYSIS
  • 20007 Jasperwood Circle Katy, TX 1
    • 3 beds 2 baths ∙ 1,924 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,924 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.83
    •  
  • 19931 Edensborough Drive Katy, TX 2
    • 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 1984
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.84
    •  
  • 20007 Brandon Oaks Way Katy, TX 3
    • 3 beds 2 baths ∙ 1,846 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,846 Sqft ∙ Built 1988
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.88
    •  
  • 3118 Sedgeborough Drive Katy, TX 4
    • 3 beds 2 baths ∙ 1,869 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,869 Sqft ∙ Built 1983
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.88
    •  
  • 3206 Windmoor Drive Katy, TX 5
    • 3 beds 2 baths ∙ 1,869 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,869 Sqft ∙ Built 1983
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.88
    •  
PROPERTY LISTING DETAILS
Kevin Schamel
1.281.954.1152
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 25046083
Last Updated: 01/30/2021
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