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20502 Bouganvilla Blossom Lane Cypress, TX 77433

3 Beds 2 Baths 2,158 sqft Built 2003

$242,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $112.14
  • 3 Days on Market
  • MLS # : 80904344
  • Updated Date : 01/16/2021 at 18:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,158 sqft
  • Baths : 2 full
Listing Agent

Re/max Universal

Listing Agent's Description

CLEAN!!! Lovely home with NO carpet! Beautiful tile and laminate hardwoods throughout. Kitchen open to den. Stainless steel appliances with gas cooking. Study and dining off the roomy foyer. Study overlooks the front of the house which makes working from home a treat! Large dining room can accommodate even the largest of funirutre. Two inch wood blinds throughout. Tall baseboards throughout. Oversized den with private access to primary and secondary bedrooms. Large bright and airy master bedroom complete with updated master bath and separate tub and shower. Roomy secondary bedrooms. Beautiful inside and out! Huge backyard with oversized patio. Very private lot. Walking distance to Keith Elementary and to Fairfield rec center.

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 Village South

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Neighborhood: Fairfield Village South

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
Keith Elementary School Primary Regular 1,095 53 9
Dr Cheryl Corbett Salyards Middle School Middle Unknown 1,544 80 NA
Bridgeland High School High Regular NA

Keith Elementary School

  • Education Level: Primary
  • # of students: 1,095
  • # of teachers: 53
9
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
 

$217,800$266,200$242,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$841
Property Tax -$460
Property Insurance -$173
HOA -$82
Property Management Fees -$99
CASH FLOW
$245

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.

$242,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.79%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.8%
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$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,880

INVESTMENT

$69,880

Down Payment
$60,500
Rehab Estimate
$5,750
Closing Costs
$3,630

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$841

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $60,500
Loan Amount $181,500
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$19,204

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,942

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8003$1,8504$1,8905$1,900
$1,900
RENT COMPS ANALYSIS
  • 20502 Bouganvilla Blossom Lane Cypress, TX 5
    • 3 beds 2 baths ∙ 2,158 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,158 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.88
    •  
  • 20519 Daisy Bloom Court Cypress, TX 1
    • 4 beds 2 baths ∙ 1,971 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,971 Sqft ∙ Built 2003
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.91
    •  
  • 20518 Mauve Orchid Way Cypress, TX 2
    • 4 beds 3 baths ∙ 2,096 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,096 Sqft ∙ Built 2004
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.86
    •  
  • 20202 Emily Anne Court Cypress, TX 3
    • 3 beds 2 baths ∙ 2,104 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,104 Sqft ∙ Built 2000
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.88
    •  
  • 20631 Tulip Blossom Court Cypress, TX 4
    • 4 beds 2 baths ∙ 1,987 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,987 Sqft ∙ Built 2003
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.95
    •  
PROPERTY LISTING DETAILS
Collette King
1.713.206.7653
Re/max Universal
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 80904344
Last Updated: 01/16/2021
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