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2343 Weathersfield Trace Circle Houston, TX 77014

5 Beds 3 Baths 2,548 sqft Built 2006

$225,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $88.30
  • 5 Days on Market
  • MLS # : 6463678
  • Updated Date : 12/23/2020 at 13:22
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,548 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Hou Preferred

Listing Agent's Description

SHOWINGS BEGIN SUNDAY THE 27TH DECEMBER. OPEN HOUSE 2PM-4PM.RARE FIND, 5 BEDROOM ON A CORNER LOT. GORGEOUS WOOD LAMINATE IN LIVING ,DINING,MASTERBEDRM INCLUDING CLOSET AND TILE IN ALL WET AREAS.THIS BEAUTIFUL PERRY HOME HAS A KITCHEN THAT HAS BEEN UPDATED WITH GORGEOUS GRANITE COUNTER TOPS, NEW BACKSPLASH, RECENT DISHWASHER AND DISPOSAL.CUDDLE UP IN THE COZY LIVING ROOM .HOME HAS BEEN FRESHLY PAINTED AND POWER WASHED OUTSIDE. MASTER IS DOWN WITH 4 BEDROOMS UP.SELLER IS PRESENTLY USING ONE OF THE BEDROOMS AS A STUDY ROOM. THIS HOME IS PERFECT. CARPET HAS BEEN PROFESSIONALLY SHAMPOOED AND IT HAS THE FRESH CLEAN FRAGRANCE THROUGHOUT THE HOME.NICE SIZED BACKYARD WITH A COVERED PATIO TO RELAX AFTER A HARD DAYS WORK. PUT THIS HOME ON YOUR LISTS TO SEE

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MARKET HIGHLIGHTS

  • 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: Silverglen North

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $74k222k

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

Neighborhood: Silverglen North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600Rent in $9101677

* 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
Deloras E. Thompson Elementary School Primary Regular 722 45 4
Stelle Claughton Middle School Middle Regular 1,098 63 3
Westfield High School High Regular 3,268 163 2

Deloras E. Thompson Elementary School

  • Education Level: Primary
  • # of students: 722
  • # of teachers: 45
4
GreatSchools Rating

Stelle Claughton Middle School

  • Education Level: Middle
  • # of students: 1,098
  • # of teachers: 63
3
GreatSchools Rating

Westfield High School

  • Education Level: High
  • # of students: 3,268
  • # of teachers: 163
2
GreatSchools Rating
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$830
Property Tax -$598
Property Insurance -$199
HOA -$49
Property Management Fees -$99
CASH FLOW
$95

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$225,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.83%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.99%
Appreciation Year (1-5) 7.1%
Maintenance Year (1-5) 8.00%
Vacancy 8.01%
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-$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$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$9,926

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,879

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7003$1,8504$1,8705$2,000
$2,000
RENT COMPS ANALYSIS
  • 2343 Weathersfield Trace Circle Houston, TX 4
    • 5 beds 3 baths ∙ 2,548 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,548 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.73
    •  
  • 14010 Marners Court Houston, TX 1
    • 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 2007
    property image
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.70
    •  
  • 12714 Mardi Gras Drive Houston, TX 2
    • 4 beds 3 baths ∙ 2,390 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,390 Sqft ∙ Built 2002
    property image
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.71
    •  
  • 2203 Laurel River Bend Houston, TX 3
    • 4 beds 2 baths ∙ 2,468 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,468 Sqft ∙ Built 2002
    property image
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.75
    •  
  • 12507 Avery Vale Lane Houston, TX 5
    • 4 beds 3 baths ∙ 2,542 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,542 Sqft ∙ Built 1998
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.79
    •  
PROPERTY LISTING DETAILS
Asma Tyebally
1.281.216.0995
Keller Williams Hou Preferred
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 6463678
Last Updated: 12/23/2020
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