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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $121.86
- 4 Days on Market
- MLS # : 7907617
- Updated Date : 12/18/2020 at 14:13
CONSTRUCTION
- Beds : 3
- Floor Size : 2,111 sqft
- Baths : 2 full , 1 half
Listing Agent
Berkshire Hathaway Homeservice
Listing Agent's Description
This home is a beautiful one story on a cul-de-sac street. Close to Lake Conroe with access to three golf courses, two pools, a tennis courts and marina. Country Club membership allows for access to a fitness center, marina, and yacht club. This home features a gorgeous open concept floor plan with plenty of natural light. Kitchen opens up to the living area and includes a vast walk-in pantry and sizable island. Vaulted ceilings and crown molding throughout the house create a sophisticated feel. Breakfast area opens up to a screened porch with tile flooring. Formal dining room featuring chair rails makes for a perfect space to entertain. The spacious master bedroom boasts plantation shutters, a large walk-in closet with built ins, dual vanities, separate shower and whirlpool tub. Extra bedroom could be used as an office or home gym. Recently finished out game/media room! Large fenced backyard with plenty of space to add a pool. 24/7 manned gate for privacy and security.
SEE MORE
- 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: Bentwater
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bentwater
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,930 |
| EXPENSES | Loan Payment | -$949 |
| Property Tax | -$499 | |
| Property Insurance | -$149 | |
| HOA | -$89 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$145
|
||
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.
$257,250
PROJECTED PRICE
$1,930
PROJECTED RENT
0.75%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 3.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.28% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$73,921
LOAN DETAILS
$949
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $64,313 |
| Loan Amount | $192,938 |
4.67
YEARS SAVED
$14,551
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,930
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$1,932
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
21 Carmel Court Montgomery, TX 2
- 3 beds 3 baths ∙ 2,111 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,111 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $1,930
- $0.91
-
16 Marina Way Montgomery, TX 1
- 3 beds 2 baths ∙ 2,079 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,079 Sqft ∙ Built 2005
LEASED 05/02/20- Rent
- Rent Per SQFT
- $1,775
- $0.85
-
24 Amelia Court Montgomery, TX 3
- 3 beds 3 baths ∙ 2,036 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,036 Sqft ∙ Built 2008
LEASED 08/10/20- Rent
- Rent Per SQFT
- $1,975
- $0.97
-
20 Marina Way Montgomery, TX 4
- 3 beds 3 baths ∙ 2,180 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,180 Sqft ∙ Built 2005
LEASED 09/08/20- Rent
- Rent Per SQFT
- $1,975
- $0.91
-
34 Stanford Montgomery, TX 5
- 3 beds 2 baths ∙ 2,257 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,257 Sqft ∙ Built 1999
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,100
- $0.93
PROPERTY LISTING DETAILS
1.832.654.4795
Berkshire Hathaway Homeservice
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 7907617
Last Updated: 12/18/2020
