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20326 Willow Trace Drive Cypress, TX 77433

3 Beds 2 Baths 2,055 sqft Built 1995

$245,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $119.22
  • 4 Days on Market
  • MLS # : 12505128
  • Updated Date : 01/29/2021 at 12:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,055 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Premier Realty

Listing Agent's Description

Welcome to 20326 Willow Trace Drive, the gorgeous brick one-story home in the highly desired master-planned community of Fairfield! This wooded property on the tree-lined street showcases its large oak trees in both the front and back yard. Zoned to Cy-Fair ISD, it is within walking distance from Ault Elementary School and zoned to the new Bridgeland High School which was established in 2017. Hardwood flooring throughout the entry, study, formal dining, and living room. With crown molding, white cabinetry, and stainless steel appliances, this open floor plan is sure to be an entertainer's dream. The primary en-suite bathroom offers a garden bathtub, dual vanity sinks, and a large walk-in closet. The front room offers custom built-ins and a window seat. The large backyard has an automatic sprinkler system and plenty of shade provided by the multiple mature trees. Close to Hwy 290/Grand Parkway, shopping & dining! Great CFISD Schools!

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: Fairfield Inwood Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Neighborhood: Fairfield Inwood Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10722063

* 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
Ault Elementary School Primary Regular 1,010 51 8
Dr Cheryl Corbett Salyards Middle School Middle Unknown 1,544 80 NA
Bridgeland High School High Unknown NA

Ault Elementary School

  • Education Level: Primary
  • # of students: 1,010
  • # of teachers: 51
8
GreatSchools Rating

Dr Cheryl Corbett Salyards Middle School

  • Education Level: Middle
  • # of students: 1,544
  • # of teachers: 80
NA
GreatSchools Rating

Bridgeland High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$851
Property Tax -$521
Property Insurance -$166
HOA -$81
Property Management Fees -$99
CASH FLOW
$102

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.

$245,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.8%
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$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$851

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$8,077

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,824

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7503$1,7754$1,8005$1,820
$1,820
RENT COMPS ANALYSIS
  • 20326 Willow Trace Drive Cypress, TX 5
    • 3 beds 2 baths ∙ 2,055 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,055 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.89
    •  
  • 20311 Vaulted Chestnut Lane Cypress, TX 1
    • 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1989
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.85
    •  
  • 14935 Vinegrove Falls Court Cypress, TX 2
    • 3 beds 3 baths ∙ 2,013 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,013 Sqft ∙ Built 2014
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.87
    •  
  • 20811 Oak Orchard Court Cypress, TX 3
    • 3 beds 2 baths ∙ 1,890 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,890 Sqft ∙ Built 1997
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.94
    •  
  • 14911 Vinegrove Falls Court Cypress, TX 4
    • 3 beds 3 baths ∙ 2,013 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,013 Sqft ∙ Built 2014
    LEASED 06/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.89
    •  
PROPERTY LISTING DETAILS
Christopher Hiller
1.832.687.6366
Keller Williams Premier Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 12505128
Last Updated: 01/29/2021
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