Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

20995 Yukon Drive New Caney, TX 77357

3 Beds 2 Baths 1,242 sqft Built 2001

$179,000

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $144.12
  • 12 Days on Market
  • MLS # : 92413006
  • Updated Date : 01/02/2021 at 12:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,242 sqft
  • Baths : 2 full
Listing Agent

Re/max Associates Northeast

Listing Agent's Description

GREAT STARTER HOME IN SUPER CONDITION- SELLER DID NOT SKIP CORNERS REPLACED FLOORING: CARPET TILE BATHROOMS, AND VINYL FLOORING IN KITCHEN/LIVING/DINING AREAS. GRANITE TO KITCHEN COUNTER TOPS AND BATHROOMS.RECENT WATER HEATER & AC. RECENTLY PAINTED INTERIOR/EXTERIOR. THIS HOME HAS A BEAUTIFUL LARGE BACK YARD. "ADD A POOL". READY TO MOVE IN. GREAT HOME IN A QUIET NEIGHBORHOOD.

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: Green Oak

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $74k222k

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

Neighborhood: Green Oak

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7271677

* 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
Oakley Elementary School Primary Regular 927 53 4
New Caney Middle School Middle Regular NA
New Caney High School High Regular 1,587 115 3

Oakley Elementary School

  • Education Level: Primary
  • # of students: 927
  • # of teachers: 53
4
GreatSchools Rating

New Caney Middle School

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

New Caney High School

  • Education Level: High
  • # of students: 1,587
  • # of teachers: 115
3
GreatSchools Rating
 

$161,100$196,900$179,000

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$622
Property Tax -$444
Property Insurance -$99
Property Management Fees -$99
CASH FLOW
$67

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.

$179,000

PROJECTED PRICE

$1,330

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.99%
Appreciation Year (1-5) 4.8%
Maintenance Year (1-5) 8.00%
Vacancy 8.01%
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$53,185

INVESTMENT

$53,185

Down Payment
$44,750
Rehab Estimate
$5,750
Closing Costs
$2,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$622

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $44,750
Loan Amount $134,250
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$7,397

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,333

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,3303$1,5904$1,650
$1,650
RENT COMPS ANALYSIS
  • 20995 Yukon Drive New Caney, TX 2
    • 3 beds 2 baths ∙ 1,242 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,242 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $1.07
    •  
  • 24974 Country Estates Drive New Caney, TX 1
    • 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 2005
    property image
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.89
    •  
  • 18833 Genova Bay Court New Caney, TX 3
    • 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 2017
    property image
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $1.28
    •  
  • 18881 Genova Bay Court New Caney, TX 4
    • 4 beds 2 baths ∙ 1,575 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,575 Sqft ∙ Built 2017
    property image
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.05
    •  
PROPERTY LISTING DETAILS
Dolores Aguirre
1.713.501.6878
Re/max Associates Northeast
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 92413006
Last Updated: 01/02/2021
BESbswy