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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.

$66,674

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+7.0%)
1 YR. PROJ. APPRECIATION


Cap Rate	3.4%
Cash Flow	$540
Value Increase	$16,496

10 YEAR

Cash On Cash	-3.2%
Total Return	10.8%

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

2665 Hwy 6

Sugar Land, Texas

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MARKET HIGHLIGHTS

Houston Market Report

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)

Neighborhood: The Highlands

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

Neighborhood: The Highlands

* 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

GreatSchools Rating

Dulles Middle School

Education Level: Middle
# of students: 1,294
# of teachers: 65

GreatSchools Rating

Dulles High School

Education Level: High
# of students: 2,189
# of teachers: 117

GreatSchools Rating

FINANCIALS

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$206,910$252,89000$229,900

PURCHASE PRICE

$1,422$1,73800$1,580

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

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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

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

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

4.25%

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

1,530
PROPERTY SQFT
$1.03
AVG RENT PER SQFT
$1,568
ESTIMATED VALUE
$1,580
LIST RENT

2314 Canebreak Crossing Sugar Land, TX 4

4 beds 2 baths ∙ 1,530 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,530 Sqft ∙ Built 1982
Price

Price Per SQFT

$229,900

$150.26
2231 Sunswept Court Sugar Land, TX 1

3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1983
SOLD 10/14/20
Price

Price Per SQFT

$208,000

$132.91
2502 Planters Row Sugar Land, TX 2

4 beds 2 baths ∙ 1,530 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,530 Sqft ∙ Built 1982
SOLD 07/29/20
Price

Price Per SQFT

$215,000

$140.52
1907 Barons Glen Sugar Land, TX 3

3 beds 2 baths ∙ 1,642 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 1982
SOLD 08/31/20
Price

Price Per SQFT

$223,500

$136.11
2106 Echo Ridge Sugar Land, TX 5

3 beds 2 baths ∙ 1,599 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,599 Sqft ∙ Built 1982
SOLD 09/28/20
Price

Price Per SQFT

$230,000

$143.84

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
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
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
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
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
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

2314 Canebreak Crossing Sugar Land, TX 77478

$229,900

$1,580

$66,674

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Highlands Elementary School

Dulles Middle School

Dulles High School

FINANCIALS

$206,910$252,89000$229,900

$1,422$1,73800$1,580

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$229,900

$1,580

0.69%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$848

3.42

$7,920

$229,900

$150.26

$211,668

$138.35

COMPS RANGE

PRICE COMPS ANALYSIS

$1,580

$1.03

$1,568

$1.03

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS