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23 Shady Pond Place The Woodlands, TX 77382

4 Beds 3 Baths 2,399 sqft Built 1995

$344,900

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $143.77
  • 61 Days on Market
  • MLS # : 14903002
  • Updated Date : 01/07/2021 at 09:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,399 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Signature

Listing Agent's Description

Welcome to 23 Shady Pond Place, located in the highly demanded area of The Woodlands. New roof installed Dec. 2020. This gorgeous 4 bedroom 2.5 bath home has been impressively updated. Formal dinning, formal living room with laminate flooring throughout. The completely updated kitchen is gorgeous, mosaic tile back splash, granite counter tops, stainless steel appliances, an abundance of natural lighting, making this kitchen ready for any and all occasions. The primary bedroom is sure to impress with its over sized bathroom, double sinks, vanity, separate shower and bath, and huge walk in closet. Enjoy weekends on your patio overlooking the wooded backyard.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Houston metro contributes to 29.5% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Alden Bridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $113k391k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Alden Bridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10722322

* 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
Collins Intermediate School Primary Regular 674 36 10
Collins Intermediate School Middle Regular 674 36 10
The Woodlands College Park High School High Regular 2,794 161 9

Collins Intermediate School

  • Education Level: Primary
  • # of students: 674
  • # of teachers: 36
10
GreatSchools Rating

Collins Intermediate School

  • Education Level: Middle
  • # of students: 674
  • # of teachers: 36
10
GreatSchools Rating

The Woodlands College Park High School

  • Education Level: High
  • # of students: 2,794
  • # of teachers: 161
9
GreatSchools Rating
 

$310,410$379,390$344,900

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,198
Property Tax -$669
Property Insurance -$166
Property Management Fees -$99
CASH FLOW
-$21

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.

$344,900

PROJECTED PRICE

$2,110

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 2.9%
Maintenance Year (1-5) 8.00%
Vacancy 9.28%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,149

INVESTMENT

$97,149

Down Payment
$86,225
Rehab Estimate
$5,750
Closing Costs
$5,174

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,198

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,225
Loan Amount $258,675
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$5,500

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,243

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,1103$2,4004$2,4105$2,450
$2,450
RENT COMPS ANALYSIS
  • 23 Shady Pond Place The Woodlands, TX 2
    • 4 beds 3 baths ∙ 2,399 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,399 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $0.88
    •  
  • 18 Lush Meadow Place Spring, TX 1
    • 4 beds 3 baths ∙ 2,102 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,102 Sqft ∙ Built 1991
    LEASED 08/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.93
    •  
  • 10 Whisper Wind Place The Woodlands, TX 3
    • 5 beds 3 baths ∙ 2,696 Sqft ∙ Built 1996 5 beds 3 baths ∙ 2,696 Sqft ∙ Built 1996
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.89
    •  
  • 53 W Night Heron Place The Woodlands, TX 4
    • 5 beds 3 baths ∙ 2,715 Sqft ∙ Built 1995 5 beds 3 baths ∙ 2,715 Sqft ∙ Built 1995
    LEASED 05/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,410
    • $0.89
    •  
  • 26 Willow Run Place The Woodlands, TX 5
    • 4 beds 2 baths ∙ 2,382 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,382 Sqft ∙ Built 1994
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.03
    •  
PROPERTY LISTING DETAILS
Lorena Alcantar
1.713.376.7257
Re/max Signature
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 14903002
Last Updated: 01/07/2021
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