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2023 Creek Valley Lane Sugar Land, TX 77478

4 Beds 3 Baths 1,893 sqft Built 1984

$257,500

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $136.03
  • 3 Days on Market
  • MLS # : 36175021
  • Updated Date : 02/06/2021 at 19:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,893 sqft
  • Baths : 2 full , 1 half
Listing Agent

Hometown America Incorporated

Listing Agent's Description

This is the home you've been waiting for! Sought after Creekshire neighborhood; 4/2.5/2, Primary Suite 1st floor, 3 secondary bedrooms adorn the second level along with full bath. Family room open concept with 18' ceiling height, abundance of natural light flows easily throughout. New interior and exterior paint! Gorgeous first floor wood floors, formal dining room and lovely dry bar between kitchen and family room for easy entertaining. Half bath first floor. Kitchen offers stunning new granite countertops, custom cabinets & reverse osmosis! Gas cook top, oven and microwave w/sunny breakfast room with access to backyard. Large primary suite with amazing counter tops and undermount sinks in bathroom! Zoned to exemplary Sugar Land schools! Location offers nearby park and Oyster Park for family enjoyment! Close to Sugar Land Town Center! Meticulously maintained! Enjoy this home for years to come and make memories for a life time! NO FLOODING. Move-in ready! Call today for an appointment!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Creekshire

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $113k352k

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

Neighborhood: Creekshire

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10572179

* 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
Highlands Elementary School Primary Regular 550 40 8
Dulles Middle School Middle Regular 1,294 65 8
Dulles High School High Regular 2,189 117 8

Highlands Elementary School

  • Education Level: Primary
  • # of students: 550
  • # of teachers: 40
8
GreatSchools Rating

Dulles Middle School

  • Education Level: Middle
  • # of students: 1,294
  • # of teachers: 65
8
GreatSchools Rating

Dulles High School

  • Education Level: High
  • # of students: 2,189
  • # of teachers: 117
8
GreatSchools Rating
 

$231,750$283,250$257,500

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$894
Property Tax -$482
Property Insurance -$136
HOA -$66
Property Management Fees -$99
CASH FLOW
$72

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.

$257,500

PROJECTED PRICE

$1,750

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.7%
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$10k

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$73,988

INVESTMENT

$73,988

Down Payment
$64,375
Rehab Estimate
$5,750
Closing Costs
$3,863

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$894

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,375
Loan Amount $193,125
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$7,919

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,727

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,7503$1,7504$1,7505$1,850
$1,850
RENT COMPS ANALYSIS
  • 2023 Creek Valley Lane Sugar Land, TX 4
    • 4 beds 3 baths ∙ 1,893 Sqft ∙ Built 1984 4 beds 3 baths ∙ 1,893 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.92
    •  
  • 2115 Creekshire Drive Sugar Land, TX 1
    • 4 beds 3 baths ∙ 1,893 Sqft ∙ Built 1985 4 beds 3 baths ∙ 1,893 Sqft ∙ Built 1985
    LEASED 05/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.84
    •  
  • 2010 Creekshire Drive Sugar Land, TX 2
    • 4 beds 3 baths ∙ 1,893 Sqft ∙ Built 1984 4 beds 3 baths ∙ 1,893 Sqft ∙ Built 1984
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.92
    •  
  • 2234 Mill Creek Drive Sugar Land, TX 3
    • 4 beds 3 baths ∙ 1,887 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,887 Sqft ∙ Built 1988
    LEASED 12/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.93
    •  
  • 3510 Greenwood Drive Sugar Land, TX 5
    • 3 beds 3 baths ∙ 1,918 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,918 Sqft ∙ Built 1984
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.96
    •  
PROPERTY LISTING DETAILS
Jeanne Marie Zublin
1.832.434.1044
Hometown America Incorporated
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 36175021
Last Updated: 02/06/2021
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