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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $106.57
- 2 Days on Market
- MLS # : 80096295
- Updated Date : 01/02/2021 at 19:35
CONSTRUCTION
- Beds : 3
- Floor Size : 1,736 sqft
- Baths : 2 full
Listing Agent
Bhgre Gary Greene
Listing Agent's Description
Royce Homes: Charming open/split floor plan with High ceilings, 3-2-2 with Study, Single story with Beautiful dark laminated flooring, Interior paint, Ceiling fans, Gas range, Full gutters, Beautiful front door, Garage door openers and Finish flooring. Lush landscaping, Patio deck a plus. Well maintained!!
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: Westfield Glen
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Westfield Glen
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,530 |
| EXPENSES | Loan Payment | -$683 |
| Property Tax | -$445 | |
| Property Insurance | -$145 | |
| HOA | -$42 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$118
|
||
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.
$185,000
PROJECTED PRICE
$1,530
PROJECTED RENT
0.83%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.99% |
| Appreciation Year (1-5) | 8.3% |
| 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
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$54,775
LOAN DETAILS
$683
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $46,250 |
| Loan Amount | $138,750 |
5.33
YEARS SAVED
$12,201
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,530
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,545
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
21206 Tancah Lane Houston, TX 4
- 3 beds 2 baths ∙ 1,736 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,736 Sqft ∙ Built 2000
![property image]()
- Rent
- Rent Per SQFT
- $1,530
- $0.88
-
2403 Gianna Way Houston, TX 1
- 4 beds 2 baths ∙ 1,650 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,650 Sqft ∙ Built 2013
![property image]()
LEASED 01/22/20- Rent
- Rent Per SQFT
- $1,450
- $0.88
-
2827 Copra Lane Houston, TX 2
- 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1998
![property image]()
LEASED 10/02/20- Rent
- Rent Per SQFT
- $1,475
- $0.93
-
21515 Wilona Way Houston, TX 3
- 3 beds 3 baths ∙ 1,645 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,645 Sqft ∙ Built 2014
![property image]()
LEASED 02/10/20- Rent
- Rent Per SQFT
- $1,480
- $0.90
-
2427 Gianna Way Houston, TX 5
- 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 2011
![property image]()
LEASED 02/07/20- Rent
- Rent Per SQFT
- $1,595
- $0.85
PROPERTY LISTING DETAILS
1.713.449.4323
Bhgre Gary Greene
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 80096295
Last Updated: 01/02/2021
