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21606 Redcrested Glen Court Spring, TX 77388

4 Beds 4 Baths 2,942 sqft Built 2010

$275,000

List Price

$2,050

$1.8K - $2.3K

Rent Est.

$78,625

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+5.0%)
1 YR. PROJ. APPRECIATION


Cap Rate	3.2%
Cash Flow	$1,092
Value Increase	$13,953

10 YEAR

Cash On Cash	-3.2%
Total Return	9.1%

PROPERTY INFO

January 30, 2021 RECENTLY ADDED

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!

21606 Redcrested Glen Ct

Spring, Texas

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MARKET HIGHLIGHTS

Houston Market Report

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)

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

NAME	EDUCATIONAL LEVEL	SCHOOL TYPE	# OF STUDENTS	# OF TEACHERS	GREATSCHOOLS RATING
Mueller Elementary School	Primary	Regular	921	57	7
Schindewolf Intermediate School	Middle	Regular	1,321	78	6
Klein Collins High School	High	Regular	3,580	201	6

Mueller Elementary School

Education Level: Primary
# of students: 921
# of teachers: 57

GreatSchools Rating

Schindewolf Intermediate School

Education Level: Middle
# of students: 1,321
# of teachers: 78

GreatSchools Rating

Klein Collins High School

Education Level: High
# of students: 3,580
# of teachers: 201

GreatSchools Rating

FINANCIALS

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$247,500$302,50000$275,000

PURCHASE PRICE

$1,845$2,25500$2,050

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

Learn how to read this

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

ASSUMPTIONS
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

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$78,625

Down Payment	$68,750
Rehab Estimate	$5,750
Closing Costs	$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$955

MONTHLY LOAN PAYMENT

30 yr

3.75%

25.00%

Down Payment

Term	30 Years
Interest	3.75%
Down Payment	$68,750
Loan Amount	$206,250

See What Happens When You Reinvest Cash Flow

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

$2,000

1$2,0002$2,0003$2,0004$2,0505$2,200

$2,200

RENT COMPS ANALYSIS

2,942
PROPERTY SQFT
$0.72
AVG RENT PER SQFT
$2,104
ESTIMATED VALUE
$2,050
LIST RENT

21606 Redcrested Glen Court Spring, TX 3

4 beds 4 baths ∙ 2,942 Sqft ∙ Built 2010 4 beds 4 baths ∙ 2,942 Sqft ∙ Built 2010
Price

Price Per SQFT

$275,000

$93.47
21615 Rudy Glen Court Spring, TX 1

4 beds 4 baths ∙ 2,802 Sqft ∙ Built 2011 4 beds 4 baths ∙ 2,802 Sqft ∙ Built 2011
SOLD 11/25/20
Price

Price Per SQFT

$260,000

$92.79
21511 Canvasback Glen Court Spring, TX 2

5 beds 4 baths ∙ 2,956 Sqft ∙ Built 2012 5 beds 4 baths ∙ 2,956 Sqft ∙ Built 2012
SOLD 01/14/21
Price

Price Per SQFT

$270,000

$91.34
6031 Northcrest Village Way Spring, TX 4

4 beds 4 baths ∙ 2,884 Sqft ∙ Built 2012 4 beds 4 baths ∙ 2,884 Sqft ∙ Built 2012
SOLD 08/28/20
Price

Price Per SQFT

$282,000

$97.78
5106 Binion Forest Lane Spring, TX 5

4 beds 3 baths ∙ 2,872 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,872 Sqft ∙ Built 2014
SOLD 08/18/20
Price

Price Per SQFT

$283,000

$98.54

21606 Redcrested Glen Court Spring, TX 4

4 beds 4 baths ∙ 2,942 Sqft ∙ Built 2010 4 beds 4 baths ∙ 2,942 Sqft ∙ Built 2010
Rent

Rent Per SQFT

$2,050

$0.70
6123 Northcrest Village Way Spring, TX 1

4 beds 3 baths ∙ 2,748 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,748 Sqft ∙ Built 2012
LEASED 12/08/20
Rent

Rent Per SQFT

$2,000

$0.73
5110 Lakota Trail Spring, TX 2

4 beds 4 baths ∙ 3,000 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,000 Sqft ∙ Built 2013
LEASED 02/03/20
Rent

Rent Per SQFT

$2,000

$0.67
6014 Wilcox Point Court Spring, TX 3

5 beds 4 baths ∙ 2,760 Sqft ∙ Built 2005 5 beds 4 baths ∙ 2,760 Sqft ∙ Built 2005
LEASED 06/08/20
Rent

Rent Per SQFT

$2,000

$0.72
21511 Canvasback Glen Court Spring, TX 5

5 beds 4 baths ∙ 2,956 Sqft ∙ Built 2012 5 beds 4 baths ∙ 2,956 Sqft ∙ Built 2012
LEASED 02/12/20
Rent

Rent Per SQFT

$2,200

$0.74

PROPERTY LISTING DETAILS

Darren White
1.713.817.2842
Accustar Realty

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 70289721
Last Updated: 01/30/2021

21606 Redcrested Glen Court Spring, TX 77388

$275,000

$2,050

$78,625

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Mueller Elementary School

Schindewolf Intermediate School

Klein Collins High School

FINANCIALS

$247,500$302,50000$275,000

$1,845$2,25500$2,050

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$275,000

$2,050

0.75%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$955

3.17

$7,111

$275,000

$93.47

$279,821

$95.11

COMPS RANGE

PRICE COMPS ANALYSIS

$2,050

$0.7

$2,104

$0.72

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS