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20802 Athea Glen Circle Katy, TX 77450

3 Beds 2 Baths 2,369 sqft Built 1996

$274,900

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $116.04
  • 3 Days on Market
  • MLS # : 81147446
  • Updated Date : 01/22/2021 at 10:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,369 sqft
  • Baths : 2 full
Listing Agent

Hh Premier Realty, Llc

Listing Agent's Description

Beautiful 3/2/2 home in a cul-de-sac in Cinco Ranch. If you love an open floor plan this house is for you! Large kitchen with granite countertops and beautiful cabinets in Kitchen, bathroom and laundry room. Modern SS appliances in Kitchen and LG Washer & Dryer Included. Tile throughout most of the home and bamboo flooring in bedrooms and office. Crown molding and trim galore!! Large Master Bath with his and hers closets. Storage shelves in Garage and ample attic storage. Six Ceiling fans, sprinkler system and much more...Walking distance to Creech Elementary and Beck Jr High.

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: Cinco Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $113k547k

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

Neighborhood: Cinco Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10373320

* 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
Creech Elementary School Primary Regular 834 57 10
Beck Junior High School Middle Regular 1,063 64 9
Cinco Ranch High School High Regular 3,171 174 9

Creech Elementary School

  • Education Level: Primary
  • # of students: 834
  • # of teachers: 57
10
GreatSchools Rating

Beck Junior High School

  • Education Level: Middle
  • # of students: 1,063
  • # of teachers: 64
9
GreatSchools Rating

Cinco Ranch High School

  • Education Level: High
  • # of students: 3,171
  • # of teachers: 174
9
GreatSchools Rating
 

$247,410$302,390$274,900

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$955
Property Tax -$622
Property Insurance -$164
HOA -$93
Property Management Fees -$99
CASH FLOW
$88

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 18% of earned rent to cover both maintenance and periods of vacancy.

$274,900

PROJECTED PRICE

$2,020

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.61%
Appreciation Year (1-5) 2.3%
Maintenance Year (1-5) 8.00%
Vacancy 10.23%
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,599

INVESTMENT

$78,599

Down Payment
$68,725
Rehab Estimate
$5,750
Closing Costs
$4,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,725
Loan Amount $206,175
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$5,242

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,073

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$2,0203$2,1004$2,1955$2,200
$2,200
RENT COMPS ANALYSIS
  • 20802 Athea Glen Circle Katy, TX 2
    • 3 beds 2 baths ∙ 2,369 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,369 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.85
    •  
  • 20806 Grenoble Lane Katy, TX 1
    • 4 beds 2 baths ∙ 2,204 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,204 Sqft ∙ Built 1995
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.84
    •  
  • 5603 Brigstone Park Drive Katy, TX 3
    • 4 beds 2 baths ∙ 2,362 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,362 Sqft ∙ Built 1997
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.89
    •  
  • 6014 Meadowstream Court Katy, TX 4
    • 4 beds 3 baths ∙ 2,568 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,568 Sqft ∙ Built 2006
    property image
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.85
    •  
  • 20802 Figurine Court Katy, TX 5
    • 4 beds 3 baths ∙ 2,399 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,399 Sqft ∙ Built 1997
    property image
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.92
    •  
PROPERTY LISTING DETAILS
Michelle Arriola
1.832.577.0001
Hh Premier Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 81147446
Last Updated: 01/22/2021
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