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21010 Bridgeview Circle Spring, TX 77388

3 Beds 2 Baths 1,182 sqft Built 1981

$149,900

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $126.82
  • 4 Days on Market
  • MLS # : 47943537
  • Updated Date : 01/22/2021 at 17:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,182 sqft
  • Baths : 1 full , 1 half
Listing Agent

Re/max Associates Northeast

Listing Agent's Description

Great 1-story 3 bedroom on on large corner culdesac lot with fenced yard for children and pets. Ceramic tile in living and high vaulted ceilings. 3rd bedroom could be a study or office with french doors opening to foyer. Kitchen is large enough for a small breakfast table and newer S/S range. New roof installed in 2015

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: Bridgestone

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $95k270k

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

Neighborhood: Bridgestone

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8791932

* 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
Roth Elementary School Primary Regular 696 47 6
Schindewolf Intermediate School Middle Regular 1,321 78 6
Klein Collins High School High Regular 3,580 201 6

Roth Elementary School

  • Education Level: Primary
  • # of students: 696
  • # of teachers: 47
6
GreatSchools Rating

Schindewolf Intermediate School

  • Education Level: Middle
  • # of students: 1,321
  • # of teachers: 78
6
GreatSchools Rating

Klein Collins High School

  • Education Level: High
  • # of students: 3,580
  • # of teachers: 201
6
GreatSchools Rating
 

$134,910$164,890$149,900

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$521
Property Tax -$353
Property Insurance -$107
HOA -$25
Property Management Fees -$99
CASH FLOW
$185

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.

$149,900

PROJECTED PRICE

$1,290

PROJECTED RENT

0.86%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 8.0%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$45,474

INVESTMENT

$45,474

Down Payment
$37,475
Rehab Estimate
$5,750
Closing Costs
$2,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$521

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $37,475
Loan Amount $112,425
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$14,542

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,300

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,290
1$1,2902$1,3003$1,3504$1,3505$1,400
$1,400
RENT COMPS ANALYSIS
  • 21010 Bridgeview Circle Spring, TX 1
    • 3 beds 2 baths ∙ 1,182 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,182 Sqft ∙ Built 1981
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $1.09
    •  
  • 21022 Rivershadows Lane Spring, TX 2
    • 3 beds 2 baths ∙ 1,182 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,182 Sqft ∙ Built 1981
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.10
    •  
  • 21223 N Tangle Creek Lane Spring, TX 3
    • 3 beds 2 baths ∙ 1,231 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,231 Sqft ∙ Built 1983
    property image
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.10
    •  
  • 21015 Fernhollow Lane Spring, TX 4
    • 3 beds 2 baths ∙ 1,231 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,231 Sqft ∙ Built 1984
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.10
    •  
  • 21006 Verdecove Lane Spring, TX 5
    • 3 beds 2 baths ∙ 1,270 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,270 Sqft ∙ Built 1981
    property image
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.10
    •  
PROPERTY LISTING DETAILS
Bruce Nickell
1.281.851.1974
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 #: 47943537
Last Updated: 01/22/2021
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