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2130 Park Maple Katy, TX 77450

3 Beds 2 Baths 1,849 sqft Built 2000

$245,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $132.50
  • 3 Days on Market
  • MLS # : 54437827
  • Updated Date : 01/23/2021 at 13:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,849 sqft
  • Baths : 2 full
Listing Agent

Nb Elite Realty

Listing Agent's Description

Did not Flood! Beautiful one story on a large lot on a cul-de-sac. Great family floorplan. Kitchen opens to family room. Split floorplan. Study can be used as 4th bedroom. Beautiful backyard with extended covered patio. Fence was replaced on 2018. Tile and laminate flooring throughout. New cabinet , mirror, shower and granite countertop in master bath. New shower door will be installed on the week January 25th. Washer/Dryer are included. Refrigerator is not included.

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: Oak Park Trails

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k317k

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

Neighborhood: Oak Park Trails

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10372063

* 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
Hayes Elementary School Primary Regular 701 48 8
Mcmeans Junior High School Middle Regular 1,081 66 9
Taylor High School High Regular 2,943 156 9

Hayes Elementary School

  • Education Level: Primary
  • # of students: 701
  • # of teachers: 48
8
GreatSchools Rating

Mcmeans Junior High School

  • Education Level: Middle
  • # of students: 1,081
  • # of teachers: 66
9
GreatSchools Rating

Taylor High School

  • Education Level: High
  • # of students: 2,943
  • # of teachers: 156
9
GreatSchools Rating
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$851
Property Tax -$544
Property Insurance -$152
HOA -$44
Property Management Fees -$99
CASH FLOW
$30

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.

$245,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.6%
Maintenance Year (1-5) 8.00%
Vacancy 9.28%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$851

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$4,582

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,803

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6503$1,6954$1,7205$1,800
$1,800
RENT COMPS ANALYSIS
  • 2130 Park Maple Katy, TX 4
    • 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.93
    •  
  • 21611 Woodoak Court Katy, TX 1
    • 3 beds 2 baths ∙ 1,705 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,705 Sqft ∙ Built 2001
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.94
    •  
  • 2302 Channelwood Lane Katy, TX 2
    • 3 beds 2 baths ∙ 1,705 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,705 Sqft ∙ Built 2004
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.97
    •  
  • 21531 Perrington Court Katy, TX 3
    • 3 beds 2 baths ∙ 1,705 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,705 Sqft ∙ Built 2002
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.99
    •  
  • 21410 Branford Hills Lane Katy, TX 5
    • 3 beds 4 baths ∙ 1,804 Sqft ∙ Built 2002 3 beds 4 baths ∙ 1,804 Sqft ∙ Built 2002
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.00
    •  
PROPERTY LISTING DETAILS
Lily Ng
1.713.826.8898
Nb Elite Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 54437827
Last Updated: 01/23/2021
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