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PROPERTY INFO
FACTS
- Single Family
- Built In 1980
- Price/Sqft : $156.11
- 6 Days on Market
- MLS # : 77208111
- Updated Date : 02/04/2021 at 15:27
CONSTRUCTION
- Beds : 3
- Floor Size : 2,242 sqft
- Baths : 2 full , 1 half
Listing Agent
Abby Realty
Listing Agent's Description
Location! Location! Location! Don't miss this charming and beautifully updated home in the heart of Panther Creek, just steps from Sally K Ride! With modern finishes and updated touches throughout, this home renovation is sophisticated yet casually elegant. Designer light fixtures and recessed lighting add a custom touch while the abundance of windows flood the home with natural light throughout the day. Marble countertops and an oversized shower add to the spa like feel of the primary bath while the stainless appliances and oversized single bowl sink accent the upgraded countertops and travertine backsplash beautifully in the fabulous chefs kitchen. The home is set deep on an oversized homesite full of mature trees and lush landscaping with no rear neighbors as it backs to the walking trail with direct gated access. Enjoy peaceful evenings on the large outdoor deck while taking in the privacy and beauty of the property! Minutes from all that The Woodlands has to offer!
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: Panther Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Panther Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,220 |
| EXPENSES | Loan Payment | -$1,216 |
| Property Tax | -$647 | |
| Property Insurance | -$157 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$102
|
||
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.
$350,000
PROJECTED PRICE
$2,220
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 4.3% |
| 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
$98,500
LOAN DETAILS
$1,216
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,500 |
| Loan Amount | $262,500 |
4.08
YEARS SAVED
$12,742
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,220
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$2,225
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
23 Spurwood Court The Woodlands, TX 4
- 3 beds 3 baths ∙ 2,242 Sqft ∙ Built 1980 3 beds 3 baths ∙ 2,242 Sqft ∙ Built 1980
![property image]()
- Rent
- Rent Per SQFT
- $2,220
- $0.99
-
108 E Lakeridge Drive Spring, TX 1
- 3 beds 3 baths ∙ 2,354 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,354 Sqft ∙ Built 1993
![property image]()
LEASED 03/24/20- Rent
- Rent Per SQFT
- $2,125
- $0.90
-
22 N Havenridge Drive Drive The Woodlands, TX 2
- 3 beds 3 baths ∙ 2,192 Sqft ∙ Built 1981 3 beds 3 baths ∙ 2,192 Sqft ∙ Built 1981
![property image]()
LEASED 03/23/20- Rent
- Rent Per SQFT
- $2,150
- $0.98
-
2 Meadow Star Court The Woodlands, TX 3
- 3 beds 2 baths ∙ 2,212 Sqft ∙ Built 1982 3 beds 2 baths ∙ 2,212 Sqft ∙ Built 1982
![property image]()
LEASED 01/26/21- Rent
- Rent Per SQFT
- $2,200
- $0.99
-
36 Woodelves Place The Woodlands, TX 5
- 4 beds 2 baths ∙ 2,050 Sqft ∙ Built 1983 4 beds 2 baths ∙ 2,050 Sqft ∙ Built 1983
![property image]()
LEASED 12/23/20- Rent
- Rent Per SQFT
- $2,250
- $1.10
PROPERTY LISTING DETAILS
1.832.326.0915
Abby Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 77208111
Last Updated: 02/04/2021
