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21306 Bella Duice Spring, TX 77379

3 Beds 3 Baths 1,902 sqft Built 2006

$199,900

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $105.10
  • 2 Days on Market
  • MLS # : 20547972
  • Updated Date : 03/06/2021 at 22:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,902 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max The Woodlands & Spring

Listing Agent's Description

Multiple offers, please submit by 5:00 PM on Sunday 3/7/21. Seller will select the offer and notify buyer's agent on Monday 3/7/21 by noon.

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: Bella Sera

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $111k305k

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

Neighborhood: Bella Sera

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9682063

* 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
Mueller Elementary School Primary Regular 921 57 7
Krimmel Intermediate School Middle Regular 1,229 72 7
Klein Oak High School High Regular 3,883 230 7

Mueller Elementary School

  • Education Level: Primary
  • # of students: 921
  • # of teachers: 57
7
GreatSchools Rating

Krimmel Intermediate School

  • Education Level: Middle
  • # of students: 1,229
  • # of teachers: 72
7
GreatSchools Rating

Klein Oak High School

  • Education Level: High
  • # of students: 3,883
  • # of teachers: 230
7
GreatSchools Rating
 

$179,910$219,890$199,900

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$694
Property Tax -$471
Property Insurance -$156
HOA -$27
Property Management Fees -$99
CASH FLOW
$253

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.

$199,900

PROJECTED PRICE

$1,700

PROJECTED RENT

0.85%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.4%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,724

INVESTMENT

$58,724

Down Payment
$49,975
Rehab Estimate
$5,750
Closing Costs
$2,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$694

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $49,975
Loan Amount $149,925
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$18,997

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,707

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6003$1,6954$1,7005$1,700
$1,700
RENT COMPS ANALYSIS
  • 21306 Bella Duice Spring, TX 5
    • 3 beds 3 baths ∙ 1,902 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,902 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.89
    •  
  • 21359 Bella Jess Drive Spring, TX 1
    • 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 2006
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.88
    •  
  • 21303 Bella Flora Court Spring, TX 2
    • 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 2007
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.91
    •  
  • 21339 Bella Flora Court Spring, TX 3
    • 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 2007
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.89
    •  
  • 6503 Bella Sera Drive Spring, TX 4
    • 4 beds 2 baths ∙ 1,873 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,873 Sqft ∙ Built 2008
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.91
    •  
PROPERTY LISTING DETAILS
Gary Stallings
1.281.660.4881
Re/max The Woodlands & Spring
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 20547972
Last Updated: 03/06/2021
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