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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $164.86
- 2 Days on Market
- MLS # : 82797354
- Updated Date : 01/30/2021 at 10:49
CONSTRUCTION
- Beds : 3
- Floor Size : 1,565 sqft
- Baths : 2 full , 1 half
Listing Agent
Tga Realty
Listing Agent's Description
Welcome Home to this beautifully updated 3 Bd/ 2.5 Bath/ 2 garage home nestled on a Quiet Cul-De-Sac in popular Emnora Heights with no adjoining neighbor. This home is Close to everything in Spring Branch: Schools, Churches, Memorial City Mall , Retail Centers, 4J Brewery, Restaurants-Torchy's Tacos/ Mias Table, Hike and Bike trails. This inviting home is Prewired for ATT Fiber, Google Nest Thermostat, warm neutral paint palette, plantation shutters, tiled flooring, crown molding & baseboards, stainless steel appliances (Refrigerator not staying), Quartz counters in kitchen and restrooms, tiled backsplash, ceiling fans, bronze fixtures and pendant lighting, recessed lights and carpet in bedrooms, with ample storage and walk in for the Mstr Bdrm with tray ceilings. Please view the virtual tour and photos and call me to schedule your private showing. NO showings without mask and please allow for a 2 hour scheduling window M-F; and no showings Sat/Sun noon to 2pm. Home did not Flood.
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: Emnora Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Emnora Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,800 |
| EXPENSES | Loan Payment | -$896 |
| Property Tax | -$544 | |
| Property Insurance | -$133 | |
| HOA | -$44 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$84
|
||
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.
$258,000
PROJECTED PRICE
$1,800
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.99% |
| Appreciation Year (1-5) | 8.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.01% |
| 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
$74,120
LOAN DETAILS
$896
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $64,500 |
| Loan Amount | $193,500 |
4.25
YEARS SAVED
$10,553
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,800
LIST RENT -
$1.15
LIST RENT PER SQFT
-
$1,878
COMP ESTIMATED VALUE -
$1.2
COMP AVG. RENT PER SQFT
Comps Range
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- 3 beds 3 baths ∙ 1,820 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,820 Sqft ∙ Built 2006
LEASED 01/05/21- Rent
- Rent Per SQFT
- $2,200
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LEASED 06/29/20- Rent
- Rent Per SQFT
- $2,200
- $1.21
PROPERTY LISTING DETAILS
1.713.210.9227
Tga Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 82797354
Last Updated: 01/30/2021
