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2314 Canebreak Crossing Sugar Land, TX 77478

4 Beds 2 Baths 1,530 sqft Built 1982

$229,900

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $150.26
  • 12 Days on Market
  • MLS # : 14764316
  • Updated Date : 12/02/2020 at 10:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,530 sqft
  • Baths : 2 full
Listing Agent

Realm Real Estate Professional

Listing Agent's Description

Nice and charming one story House, With High ceiling in living room, Gas log Fireplace 4B/2b. Kitchen has granite counter tops and splash back tile, Tile floor through out the house. Garage has converted into your 0ffice business place OR of kids game room or just one more extra room, Plenty of shopping places First Colony Mall, hospitals, Sugar Land Town Center, Easy access to Hwy 59 & HWY 6 Ford bend toll road and grand parkway 99 Great Sugar land school district

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: The Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $113k352k

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

Neighborhood: The Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10462179

* 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
Highlands Elementary School Primary Regular 550 40 8
Dulles Middle School Middle Regular 1,294 65 8
Dulles High School High Regular 2,189 117 8

Highlands Elementary School

  • Education Level: Primary
  • # of students: 550
  • # of teachers: 40
8
GreatSchools Rating

Dulles Middle School

  • Education Level: Middle
  • # of students: 1,294
  • # of teachers: 65
8
GreatSchools Rating

Dulles High School

  • Education Level: High
  • # of students: 2,189
  • # of teachers: 117
8
GreatSchools Rating
 

$206,910$252,890$229,900

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$848
Property Tax -$430
Property Insurance -$116
HOA -$42
Property Management Fees -$99
CASH FLOW
$45

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.

$229,900

PROJECTED PRICE

$1,580

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 8.00%
Vacancy 9.28%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,674

INVESTMENT

$66,674

Down Payment
$57,475
Rehab Estimate
$5,750
Closing Costs
$3,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$848

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,475
Loan Amount $172,425
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$7,920

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,568

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5803$1,5954$1,6005$1,600
$1,600
RENT COMPS ANALYSIS
  • 2314 Canebreak Crossing Sugar Land, TX 2
    • 4 beds 2 baths ∙ 1,530 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,530 Sqft ∙ Built 1982
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $1.03
    •  
  • 2242 Trail West Street Sugar Land, TX 1
    • 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 1982
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.02
    •  
  • 2218 Canebreak Crossing Sugar Land, TX 3
    • 4 beds 2 baths ∙ 1,530 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,530 Sqft ∙ Built 1983
    property image
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.04
    •  
  • 2434 Planters Row Sugar Land, TX 4
    • 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1982
    property image
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.02
    •  
  • 2307 Planters Row Sugar Land, TX 5
    • 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1982
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.02
    •  
PROPERTY LISTING DETAILS
Monica Arriaga
1.832.661.2234
Realm Real Estate Professional
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 14764316
Last Updated: 12/02/2020
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