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22542 Stillwater Canyon Lane Porter, TX 77365

3 Beds 2 Baths 1,756 sqft Built 2010

INVESTimate

$199,000

List Price

$1,760

$1,584 - $1,936

Rent Est.

$208,194  ( +4.62%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2010
  • Price/Sqft : $113.33
  • 5 Days on Market
  • MLS # : 49353937
  • Updated Date : 08/25/2020 at 11:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,756 sqft
  • Baths : 2 full
Listing Agent

Jla Realty

Listing Agent's Description

Pride of ownership, stunning curb appeal, private back yard and an open concept floor plan awaits you with this lovely 3 bedroom 2 bath plan. Phenomenal layout, a private primary retreat offering stunning views of the back yard. Large open kitchen with family in mind. Formal dining or home office greets you as you enter this remarkable home. Enjoy your evenings on the back porch with a glass of wine as the children entertain themselves on the custom built swing set, and children’s garden area. Home never flooded. Finally, you’ve found home!

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

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$734
Property Tax -$589
Property Insurance -$129
HOA -$63
Property Management Fees -$99
CASH FLOW
$146

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

$1,760

PROJECTED RENT

0.88%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 4.62%
Maintenance Year (1-5) 8.00%
Vacancy 8.80%
Length of Stay Years 2

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

4.67

YEARS SAVED

$11,455

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,760

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6503$1,7504$1,7605$1,800
$1,800
RENT COMPS ANALYSIS
  • 22542 Stillwater Canyon Lane Porter, TX 4
    • 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 2010
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $1.00
    •  
  • 22530 Stillwater Canyon Lane Porter, TX 1
    • 3 beds 2 baths ∙ 1,637 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,637 Sqft ∙ Built 2011
    property image
    LEASED 09/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.98
    •  
  • 21607 Flowering Crab Apple Drive Porter, TX 2
    • 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 2019
    property image
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.96
    •  
  • 21218 Flowering Dogwood Circle Porter, TX 3
    • 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 2018
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.03
    •  
  • 21230 Flowering Dogwood Circle Porter, TX 5
    • 3 beds 2 baths ∙ 1,730 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,730 Sqft ∙ Built 2018
    property image
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.04
    •  
PROPERTY LISTING DETAILS
Rebecca Johnson
1.281.515.9194
Jla Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 49353937
Last Updated: 08/25/2020
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