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20510 Moonrise River Lane Cypress, TX 77433

3 Beds 3 Baths 1,725 sqft Built 2009

$195,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $113.04
  • 38 Days on Market
  • MLS # : 21183518
  • Updated Date : 01/08/2021 at 18:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,725 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

NEVER FLOODED! Home Sweet Home, is conveniently located in Canyon Village at Cypress Springs!  Enjoy the privacy of living in a cul-de-sac in this 1,725 Square feet two-story home featuring 3 Bedrooms, 2.5 baths.  The spacious living area situated right off the entry opens to the kitchen. Primary bedroom with ensuite bath and walk-in closet. Fully fenced spacious yard, Zoned to Cy-fair ISD. Amazing location close to shopping, restaurants and entertainment and minutes away from Grand Pkwy, Fry Rd., FM 529 and I-10.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Houston metro contributes to 29.5% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Canyon Village at Cypress Springs

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $105k303k

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

Neighborhood: Canyon Village at Cypress Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10172060

* 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
Walker Elementary School Primary Regular 1,071 59 5
Hopper Middle School Middle Regular 1,369 94 6
Cypress Park High School High Regular NA

Walker Elementary School

  • Education Level: Primary
  • # of students: 1,071
  • # of teachers: 59
5
GreatSchools Rating

Hopper Middle School

  • Education Level: Middle
  • # of students: 1,369
  • # of teachers: 94
6
GreatSchools Rating

Cypress Park High School

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

$175,500$214,500$195,000

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$677
Property Tax -$383
Property Insurance -$144
HOA -$46
Property Management Fees -$99
CASH FLOW
$92

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.

$195,000

PROJECTED PRICE

$1,440

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 3.8%
Maintenance Year (1-5) 8.00%
Vacancy 8.80%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$57,425

INVESTMENT

$57,425

Down Payment
$48,750
Rehab Estimate
$5,750
Closing Costs
$2,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$677

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $48,750
Loan Amount $146,250
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$8,338

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,402

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4003$1,4404$1,5255$1,650
$1,650
RENT COMPS ANALYSIS
  • 20510 Moonrise River Lane Cypress, TX 3
    • 4 beds 3 baths ∙ 1,725 Sqft ∙ Built 2009 4 beds 3 baths ∙ 1,725 Sqft ∙ Built 2009
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.83
    •  
  • 20706 Cypress Green Lane Cypress, TX 1
    • 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 2006
    property image
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.77
    •  
  • 20714 Cypress Green Lane Cypress, TX 2
    • 3 beds 2 baths ∙ 1,801 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,801 Sqft ∙ Built 2004
    property image
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.78
    •  
  • 20526 Double Meadows Drive Cypress, TX 4
    • 3 beds 2 baths ∙ 1,825 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,825 Sqft ∙ Built 2006
    property image
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.84
    •  
  • 20734 Cypress Breeze Drive Cypress, TX 5
    • 4 beds 2 baths ∙ 1,922 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,922 Sqft ∙ Built 2004
    property image
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.86
    •  
PROPERTY LISTING DETAILS
Joana Gonzalez
1.917.239.1046
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 21183518
Last Updated: 01/08/2021
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