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

21203 Flowering Dogwood Circle Porter, TX 77365

4 Beds 4 Baths 2,502 sqft Built 2017

$273,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $109.11
  • 2 Days on Market
  • MLS # : 97919606
  • Updated Date : 11/02/2020 at 20:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,502 sqft
  • Baths : 3 full , 1 half
Listing Agent

Texas United Realty

Listing Agent's Description

LOOK NO MORE! WONDERFUL 2 STORY 4 BED/ 3.5 BATH ON LARGE CORNER LOT !! MASTER DOWN, HIGH CEILINGS, YOU WILL LOVE THE OPEN AND AIRY FEEL THAT THIS HOME PROVIDES. KITCHEN OFFERS BREATH TAKING OVER SIZED GRANITE COUNTER TOPS/BREAKFAST BAR WITH PLENTY OF SEATING OPEN TO LIVING AREA. WOOD LOOK CERAMIC TILE, GORGEOUS FIREPLACE, LARGE MASTER BATH INCLUDES TUB WITH TV!!!, SEPARATE SHOWER*COVERED PATIO FOR ENTERTAINING, OFFICE/FORMAL DINING. THIS HOME IS MOVE IN READY AND LOCATION IS EVERYTHING. MINUTES TO 99, HWY 69, SHOPPING, SCHOOLS. LOW ELECTRIC BILLS !! THE CORNER LOT OFFERS GREATER PRIVACY. HUGE LOT!!!!! ROOM FOR A POOL !!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Houston metro employment growth is at 1.8% and predicted to grow to 2.7% in 2019-20 (USMayors.org, 2018)

PRICE & RENT TRENDS

Zip Code: 77365

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240kPrice in $105k254k

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

Zip Code: 77365

ZipNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8761692

* 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
Valley Ranch Elementary School Primary Regular 660 40 4
New Caney Middle School Middle Regular NA
New Caney High School High Regular 1,587 115 3

Valley Ranch Elementary School

  • Education Level: Primary
  • # of students: 660
  • # of teachers: 40
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
 

$245,700$300,300$273,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,007
Property Tax -$642
Property Insurance -$172
HOA -$64
Property Management Fees -$99
CASH FLOW
$116

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.

$273,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.77%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 4.6%
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$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,095

INVESTMENT

$78,095

Down Payment
$68,250
Rehab Estimate
$5,750
Closing Costs
$4,095

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,250
Loan Amount $204,750
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$12,171

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,089

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8953$1,9504$2,1005$2,300
$2,300
RENT COMPS ANALYSIS
  • 21203 Flowering Dogwood Circle Porter, TX 4
    • 4 beds 4 baths ∙ 2,502 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,502 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.84
    •  
  • 21433 Naples Hollow Lane Porter, TX 1
    • 3 beds 3 baths ∙ 2,355 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,355 Sqft ∙ Built 2008
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.79
    •  
  • 21310 Madison Valley Court Porter, TX 2
    • 4 beds 3 baths ∙ 2,322 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,322 Sqft ∙ Built 2012
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.82
    •  
  • 21416 Naples Hollow Lane Porter, TX 3
    • 4 beds 3 baths ∙ 2,377 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,377 Sqft ∙ Built 2008
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.82
    •  
  • 21318 Shadbush Avenue Porter, TX 5
    • 4 beds 4 baths ∙ 2,538 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,538 Sqft ∙ Built 2018
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.91
    •  
PROPERTY LISTING DETAILS
Deborah Petruska
1.281.705.2680
Texas United Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 97919606
Last Updated: 11/02/2020
BESbswy