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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $124.93
- 7 Days on Market
- MLS # : 56609870
- Updated Date : 11/25/2020 at 13:05
CONSTRUCTION
- Beds : 3
- Floor Size : 1,504 sqft
- Baths : 2 full
Listing Agent
Jla Realty
Listing Agent's Description
High ceilings, beautiful laminate wood floors, and custom cabinetry with beautiful granite counter tops are just some of the features you will find in this home. Kitchen features custom cabinets, granite counter tops, and drawers for pots/pans. Master bath features double sinks with a granite counter top, garden tub and separate shower. The layout is a split floor plan so the secondary bedrooms are located on the other side of the home with their own bathroom. No carpet- laminate wood and tile only! Enjoy mornings, evenings and weekends on the oversized deck! NO FLOODING.
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: Sherwood Trails
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sherwood Trails
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,500 |
| EXPENSES | Loan Payment | -$693 |
| Property Tax | -$409 | |
| Property Insurance | -$129 | |
| HOA | -$30 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$140
|
||
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.
$187,900
PROJECTED PRICE
$1,500
PROJECTED RENT
0.80%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.94% |
| Appreciation Year (1-5) | 7.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.80% |
| 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
$55,544
LOAN DETAILS
$693
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $46,975 |
| Loan Amount | $140,925 |
5.58
YEARS SAVED
$13,985
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,500
LIST RENT -
$1
LIST RENT PER SQFT
-
$1,493
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
2302 Friarwood Trail Houston, TX 2
- 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 1994
- Rent
- Rent Per SQFT
- $1,500
- $1.00
-
2610 Old Oak Lane Kingwood, TX 1
- 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 1991
LEASED 03/20/20- Rent
- Rent Per SQFT
- $1,450
- $0.94
-
2607 Pine Cone Drive Kingwood, TX 3
- 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 1991
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,525
- $0.99
-
2319 Sherwood Hollow Lane Kingwood, TX 4
- 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1999
LEASED 11/07/20- Rent
- Rent Per SQFT
- $1,525
- $1.00
-
2311 Pine Cone Drive Drive Kingwood, TX 5
- 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 1995
LEASED 05/25/20- Rent
- Rent Per SQFT
- $1,580
- $1.04
PROPERTY LISTING DETAILS
1.281.435.3356
Jla Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 56609870
Last Updated: 11/25/2020
