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PROPERTY INFO
FACTS
- Single Family
- Built In 2010
- Price/Sqft : $93.47
- 2 Days on Market
- MLS # : 70289721
- Updated Date : 01/30/2021 at 10:26
CONSTRUCTION
- Beds : 4
- Floor Size : 2,942 sqft
- Baths : 3 full , 1 half
Listing Agent
Accustar Realty
Listing Agent's Description
GREAT CUL-DE-SAC LOCATION! Beautiful Elevation-Covered Porch + STONE Accents!Delightful Kitchen-Black Appliances + Tile Floor & Backsplash + 42'' Cabinetry! Supersized Family Room-Gas Log Fireplace! FIRST FLOOR MASTER SUITE-Lovely Garden Bath w/Dual Vanities + Walk-In Closet! ENORMOUS GAMEROOM/MEDIA ROOM! Spacious Backyard w/Patio + Manicured Landscape! Zoned A/C + Heat! Klein ISD! Easy Access to FM 2920 + I-45 + Grand Pkwy!
SEE MORE
- 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
Neighborhood: Gosling Pines
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Gosling Pines
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $2,050 |
EXPENSES | Loan Payment | -$955 |
Property Tax | -$647 | |
Property Insurance | -$226 | |
HOA | -$31 | |
Property Management Fees | -$99 | |
CASH FLOW
$91
|
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.
$275,000
PROJECTED PRICE
$2,050
PROJECTED RENT
0.75%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 2.87% |
Appreciation Year (1-5) | 5.0% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 9.28% |
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
$78,625
LOAN DETAILS
$955
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 3.75% |
Down Payment | $68,750 |
Loan Amount | $206,250 |
3.17
YEARS SAVED
$7,111
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,050
LIST RENT -
$0.7
LIST RENT PER SQFT
-
$2,104
COMP ESTIMATED VALUE -
$0.72
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
1.713.817.2842
Accustar Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 70289721
Last Updated: 01/30/2021