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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $104.12
- 2 Days on Market
- MLS # : 45724596
- Updated Date : 11/28/2020 at 10:10
CONSTRUCTION
- Beds : 4
- Floor Size : 2,016 sqft
- Baths : 2 full , 1 half
Listing Agent
Bayou Vista Realty, Llc
Listing Agent's Description
Welcome to this cozy and gorgeous 4 bed/2.1 bath home. Located in the heart of Spring, close to major highways!! Brick fireplace and a beautiful breakfast nook. New carpet all over the house! Includes a wet bar by the living room. All bedrooms and 2 full baths are upstairs. Big fenced backyard. Move in ready home! Zoned for Klein ISD. NEVER FLOODED!!! Schedule a showing today!
SEE MORE
- 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: Dove Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Dove Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,620 |
| EXPENSES | Loan Payment | -$774 |
| Property Tax | -$443 | |
| Property Insurance | -$163 | |
| HOA | -$27 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$114
|
||
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.
$209,900
PROJECTED PRICE
$1,620
PROJECTED RENT
0.77%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.94% |
| Appreciation Year (1-5) | 5.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.80% |
| 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
$61,374
LOAN DETAILS
$774
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $52,475 |
| Loan Amount | $157,425 |
4.67
YEARS SAVED
$12,005
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,620
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$1,754
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
21535 Nottinghill Drive Houston, TX 1
- 4 beds 3 baths ∙ 2,016 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,016 Sqft ∙ Built 1984
- Rent
- Rent Per SQFT
- $1,620
- $0.80
-
3407 Haydee Road Spring, TX 2
- 3 beds 2 baths ∙ 1,973 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,973 Sqft ∙ Built 1991
LEASED 11/12/20- Rent
- Rent Per SQFT
- $1,650
- $0.84
-
3410 Greenlake Drive Spring, TX 3
- 4 beds 2 baths ∙ 2,181 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,181 Sqft ∙ Built 1993
LEASED 06/29/20- Rent
- Rent Per SQFT
- $1,725
- $0.79
-
21426 Golden Dove Drive Spring, TX 4
- 4 beds 2 baths ∙ 1,910 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,910 Sqft ∙ Built 1981
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,750
- $0.92
-
21418 Bassbrook Drive Spring, TX 5
- 4 beds 2 baths ∙ 1,904 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,904 Sqft ∙ Built 1982
LEASED 09/06/20- Rent
- Rent Per SQFT
- $1,775
- $0.93
PROPERTY LISTING DETAILS
1.832.403.0558
Bayou Vista Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 45724596
Last Updated: 11/28/2020
