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23618 Bluewood Trace Tomball, TX 77375

4 Beds 2 Baths 1,818 sqft Built 2019

$225,000

List Price

$1,830

$1.6K - $2K

Rent Est.

$65,375

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+6.2%)
1 YR. PROJ. APPRECIATION


Cap Rate	3.4%
Cash Flow	$1,476
Value Increase	$14,260

10 YEAR

Cash On Cash	-2.8%
Total Return	10.4%

PROPERTY INFO

February 03, 2021 RECENTLY ADDED

FACTS

Single Family
Built In 2019
Price/Sqft : $123.76
5 Days on Market
MLS # : 19430835
Updated Date : 02/03/2021 at 17:15

CONSTRUCTION

Beds : 4
Floor Size : 1,818 sqft
Baths : 2 full

Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Fabulous 4 bedroom, 2 bathroom D R Horton home, built in 2019. Open living space throughout, four nice sized bedrooms, living/dining combo, gourmet island kitchen with granite counters and new stainless steel appliances. Master bedroom is secluded away from the secondary bedrooms and features a deep spa tub and a grand walk-in closet! Covered patio, great backyard space, and tankless water heater.

23615 Bluewood Trace

Tomball, Texas

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MARKET HIGHLIGHTS

Houston Market Report

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)

Zip Code: 77375

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

Zip Code: 77375

* 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
Mahaffey Elementary	Primary	Unknown			NA
Hofius Intermediate	Middle	Unknown			NA
Klein Oak High School	High	Regular	3,883	230	7

Mahaffey Elementary

Education Level: Primary
# of students:
# of teachers:

GreatSchools Rating

Hofius Intermediate

Education Level: Middle
# of students:
# of teachers:

GreatSchools Rating

Klein Oak High School

Education Level: High
# of students: 3,883
# of teachers: 230

GreatSchools Rating

FINANCIALS

Learn how to read this

$202,500$247,50000$225,000

PURCHASE PRICE

$1,647$2,01300$1,830

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	%

Learn how to read this

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,830
EXPENSES	Loan Payment	-$782
	Property Tax	-$646
	Property Insurance	-$147
	HOA	-$33
	Property Management Fees	-$99



CASH FLOW $123

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.

$225,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.81%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	2.87%
Appreciation Year (1-5)	6.2%
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

$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.

$782

MONTHLY LOAN PAYMENT

30 yr

3.75%

25.00%

Down Payment

Term	30 Years
Interest	3.75%
Down Payment	$56,250
Loan Amount	$168,750

See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$7,639

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,830
LIST RENT
$1.01
LIST RENT PER SQFT

$1,804
COMP ESTIMATED VALUE
$0.99
COMP AVG. RENT PER SQFT

Comps Range

$1,650

1$1,6502$1,7003$1,7904$1,8305$1,850

$1,850

RENT COMPS ANALYSIS

1,818
PROPERTY SQFT
$0.99
AVG RENT PER SQFT
$1,804
ESTIMATED VALUE
$1,830
LIST RENT

23618 Bluewood Trace Tomball, TX 3

4 beds 2 baths ∙ 1,818 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,818 Sqft ∙ Built 2019
Price

Price Per SQFT

$225,000

$123.76
25611 Marmite Drive Tomball, TX 1

3 beds 2 baths ∙ 1,549 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,549 Sqft ∙ Built 2009
SOLD 09/22/20
Price

Price Per SQFT

$181,156

$116.95
25619 Marmite Drive Tomball, TX 2

3 beds 2 baths ∙ 1,828 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,828 Sqft ∙ Built 2010
SOLD 06/23/20
Price

Price Per SQFT

$215,000

$117.61
11114 English Holly Court Tomball, TX 4

3 beds 2 baths ∙ 2,003 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,003 Sqft ∙ Built 2017
SOLD 06/08/20
Price

Price Per SQFT

$271,000

$135.30
8910 Turnberry Glen Court Tomball, TX 5

3 beds 2 baths ∙ 2,105 Sqft ∙ Built 2019 3 beds 2 baths ∙ 2,105 Sqft ∙ Built 2019
SOLD 12/30/20
Price

Price Per SQFT

$370,000

$175.77

23618 Bluewood Trace Tomball, TX 4

4 beds 2 baths ∙ 1,818 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,818 Sqft ∙ Built 2019
Rent

Rent Per SQFT

$1,830

$1.01
23519 Virginia Pine Drive Tomball, TX 1

3 beds 2 baths ∙ 1,669 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,669 Sqft ∙ Built 2012
LEASED 01/12/21
Rent

Rent Per SQFT

$1,650

$0.99
23731 Plantation Pines Lane Tomball, TX 2

3 beds 2 baths ∙ 1,712 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,712 Sqft ∙ Built 2011
LEASED 03/20/20
Rent

Rent Per SQFT

$1,700

$0.99
9802 Southern Bayberry Drive Tomball, TX 3

4 beds 2 baths ∙ 1,704 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,704 Sqft ∙ Built 2018
LEASED 11/20/20
Rent

Rent Per SQFT

$1,790

$1.05
10227 S Pine Ivy Lane Tomball, TX 5

4 beds 2 baths ∙ 1,977 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,977 Sqft ∙ Built 2008
LEASED 08/19/20
Rent

Rent Per SQFT

$1,850

$0.94

PROPERTY LISTING DETAILS

Karen Sumner
1.281.301.8598
Coldwell Banker Realty

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 19430835
Last Updated: 02/03/2021

23618 Bluewood Trace Tomball, TX 77375

$225,000

$1,830

$65,375

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Mahaffey Elementary

Hofius Intermediate

Klein Oak High School

FINANCIALS

$202,500$247,50000$225,000

$1,647$2,01300$1,830

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$225,000

$1,830

0.81%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$782

3.67

$7,639

$225,000

$123.76

$247,989

$136.41

COMPS RANGE

PRICE COMPS ANALYSIS

$1,830

$1.01

$1,804

$0.99

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS