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20802 Sandy Bay Lane Katy, TX 77449

4 Beds 2 Baths 1,706 sqft Built 2005

$195,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

$57,425

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+7.6%)
1 YR. PROJ. APPRECIATION


Cap Rate	3.6%
Cash Flow	$1,236
Value Increase	$15,217

10 YEAR

Cash On Cash	-2.1%
Total Return	11.8%

PROPERTY INFO

December 19, 2020 RECENTLY ADDED

FACTS

Single Family
Built In 2005
Price/Sqft : $114.30
3 Days on Market
MLS # : 3913236
Updated Date : 12/19/2020 at 00:34

CONSTRUCTION

Beds : 4
Floor Size : 1,706 sqft
Baths : 2 full

Listing Agent

Sonnet Properties Int.

Listing Agent's Description

Stunning 4 BEDROOM house in Highland Creek Ranch right off of FM 529 & Fry Rd. Conveniently located in Katy, minutes from Cypress, TX and GPWY99. Move in ready! 2020 - ROOF, FENCE, CARPET & water heater! Gorgeous updated floors in the living room. Open floorplan. 3 sides brick. CY-FAIR ISD. Schedule your showing TODAY!

20802 Sandy Bay Ln

Katy, Texas

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MARKET HIGHLIGHTS

Houston Market Report

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)

Neighborhood: Highland Creek Ranch

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

Neighborhood: Highland Creek Ranch

* 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

GreatSchools Rating

Hopper Middle School

Education Level: Middle
# of students: 1,369
# of teachers: 94

GreatSchools Rating

Cypress Park High School

Education Level: High
# of students:
# of teachers:

GreatSchools Rating

FINANCIALS

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$175,500$214,50000$195,000

PURCHASE PRICE

$1,413$1,72700$1,570

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

Learn how to read this

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,570
EXPENSES	Loan Payment	-$719
	Property Tax	-$468
	Property Insurance	-$143
	HOA	-$38
	Property Management Fees	-$99



CASH FLOW $103

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$195,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.81%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	2.99%
Appreciation Year (1-5)	7.6%
Maintenance Year (1-5)	8.00%
Vacancy	8.01%
Length of Stay Years	2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

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.

$719

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$48,750
Loan Amount	$146,250

See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$11,566

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,570
LIST RENT
$0.92
LIST RENT PER SQFT

$1,561
COMP ESTIMATED VALUE
$0.92
COMP AVG. RENT PER SQFT

Comps Range

$1,400

1$1,4002$1,4503$1,4954$1,5005$1,570

$1,570

RENT COMPS ANALYSIS

1,706
PROPERTY SQFT
$0.92
AVG RENT PER SQFT
$1,561
ESTIMATED VALUE
$1,570
LIST RENT

20802 Sandy Bay Lane Katy, TX 4

4 beds 2 baths ∙ 1,706 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,706 Sqft ∙ Built 2005
Price

Price Per SQFT

$195,000

$114.30
7119 Durango Creek Lane Katy, TX 1

4 beds 2 baths ∙ 1,685 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,685 Sqft ∙ Built 2007
SOLD 11/19/20
Price

Price Per SQFT

$181,030

$107.44
6215 Settlers Lake Circle West Katy, TX 2

4 beds 3 baths ∙ 1,619 Sqft ∙ Built 2009 4 beds 3 baths ∙ 1,619 Sqft ∙ Built 2009
SOLD 09/18/20
Price

Price Per SQFT

$182,500

$112.72
6419 Provident Green Drive Katy, TX 3

4 beds 3 baths ∙ 1,596 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,596 Sqft ∙ Built 2006
SOLD 10/10/20
Price

Price Per SQFT

$182,500

$114.35
6227 Settlers Lake Circle W Katy, TX 5

4 beds 3 baths ∙ 1,744 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,744 Sqft ∙ Built 2003
SOLD 11/20/20
Price

Price Per SQFT

$200,000

$114.68

20802 Sandy Bay Lane Katy, TX 5

4 beds 2 baths ∙ 1,706 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,706 Sqft ∙ Built 2005
Rent

Rent Per SQFT

$1,570

$0.92
20910 Walder Court Katy, TX 1

3 beds 3 baths ∙ 1,620 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,620 Sqft ∙ Built 2004
LEASED 06/14/20
Rent

Rent Per SQFT

$1,400

$0.86
20807 Patriot Park Lane Katy, TX 2

4 beds 3 baths ∙ 1,630 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,630 Sqft ∙ Built 2004
LEASED 10/27/20
Rent

Rent Per SQFT

$1,450

$0.89
20908 Patriot Park Lane Katy, TX 3

3 beds 3 baths ∙ 1,560 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 2004
LEASED 08/19/20
Rent

Rent Per SQFT

$1,495

$0.96
20721 Patriot Park Lane Katy, TX 4

4 beds 3 baths ∙ 1,576 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,576 Sqft ∙ Built 2005
LEASED 02/01/20
Rent

Rent Per SQFT

$1,500

$0.95

PROPERTY LISTING DETAILS

Myrna Armendariz
1.832.818.3222
Sonnet Properties Int.

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 3913236
Last Updated: 12/19/2020

20802 Sandy Bay Lane Katy, TX 77449

$195,000

$1,570

$57,425

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Walker Elementary School

Hopper Middle School

Cypress Park High School

FINANCIALS

$175,500$214,50000$195,000

$1,413$1,72700$1,570

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$195,000

$1,570

0.81%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$719

4.92

$11,566

$195,000

$114.3

$191,580

$112.3

COMPS RANGE

PRICE COMPS ANALYSIS

$1,570

$0.92

$1,561

$0.92

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS