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21395 Village Crossing Lane Porter, TX 77365

3 Beds 2 Baths 1,764 sqft Built 2009

$199,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $112.81
  • 5 Days on Market
  • MLS # : 46448899
  • Updated Date : 12/25/2020 at 22:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,764 sqft
  • Baths : 2 full
Listing Agent

Jla Realty

Listing Agent's Description

Check out this ONE owner home today offering you a great location! Close to Hwy 59 and Highway 99 (Grand Parkway). NEW interior paint throughout and NEW carpet. Relax after a long day in the master bedroom with en-suite offering a double vanity. The secondary bedrooms give your guests or kids the space they need away from the master. Entertain to your hearts content in this open kitchen offering ease of conversation to the breakfast area and living room. This amazing kitchen space also offers a breakfast bar and granite counter-tops. Enjoy a great evening at home on the patio. The over sized backyard offers plenty of yard space for entertaining. Fun is sure to be had when there is enough space for a trampoline and swing set.

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
 

$179,100$218,900$199,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$734
Property Tax -$589
Property Insurance -$129
HOA -$63
Property Management Fees -$99
CASH FLOW
$136

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.

$199,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.88%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$58,485

INVESTMENT

$58,485

Down Payment
$49,750
Rehab Estimate
$5,750
Closing Costs
$2,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$734

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $49,750
Loan Amount $149,250
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$10,633

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,751

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7503$1,7504$1,8005$1,850
$1,850
RENT COMPS ANALYSIS
  • 21395 Village Crossing Lane Porter, TX 3
    • 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.99
    •  
  • 22542 Stillwater Canyon Ln Porter, TX 1
    • 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 2010
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.94
    •  
  • 21218 Flowering Dogwood Circle Porter, TX 2
    • 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 2018
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.03
    •  
  • 21230 Flowering Dogwood Circle Porter, TX 4
    • 3 beds 2 baths ∙ 1,730 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,730 Sqft ∙ Built 2018
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.04
    •  
  • 21304 Heritage Forest Lane Porter, TX 5
    • 3 beds 2 baths ∙ 1,930 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,930 Sqft ∙ Built 2006
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.96
    •  
PROPERTY LISTING DETAILS
Nicole Agnew
1.832.878.2380
Jla Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 46448899
Last Updated: 12/25/2020
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