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PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $115.18
- 2 Days on Market
- MLS # : 37958805
- Updated Date : 02/06/2021 at 12:42
CONSTRUCTION
- Beds : 4
- Floor Size : 2,344 sqft
- Baths : 2 full
Listing Agent
Jla Realty
Listing Agent's Description
Beautiful Roman Forest Home on .42 of an acre that has not flooded. This home includes 4 Spacious Bedrooms, 2 Full Baths. Study and Formal Dinning along with Breakfast Nook. The home has tile throughout, Granite Countertops, The Primary Bath has an Oversized Shower, with tub as well. Kitchen Overlooks the Family Room. This home is Great for Entertaining.
SEE MORE
- 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)
PRICE & RENT TRENDS
Neighborhood: Roman Forest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Roman Forest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,020 |
| EXPENSES | Loan Payment | -$938 |
| Property Tax | -$745 | |
| Property Insurance | -$162 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$76
|
||
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.
$269,974
PROJECTED PRICE
$2,020
PROJECTED RENT
0.75%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.94% |
| Appreciation Year (1-5) | 4.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.80% |
| 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
$77,293
LOAN DETAILS
$938
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $67,494 |
| Loan Amount | $202,481 |
3.17
YEARS SAVED
$6,848
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,020
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$2,063
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
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2419 Centurian Circle New Caney, TX 2
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- Rent
- Rent Per SQFT
- $2,020
- $0.86
-
23422 Banksia Drive New Caney, TX 1
- 4 beds 2 baths ∙ 2,144 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,144 Sqft ∙ Built 2015
LEASED 03/07/20- Rent
- Rent Per SQFT
- $1,950
- $0.91
-
18715 Laurel Hills Drive New Caney, TX 3
- 4 beds 3 baths ∙ 2,580 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,580 Sqft ∙ Built 2017
LEASED 10/12/20- Rent
- Rent Per SQFT
- $2,100
- $0.81
-
23823 Hickory Lakes Lane New Caney, TX 4
- 4 beds 4 baths ∙ 2,677 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,677 Sqft ∙ Built 2018
LEASED 09/30/20- Rent
- Rent Per SQFT
- $2,450
- $0.92
PROPERTY LISTING DETAILS
1.903.390.7875
Jla Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 37958805
Last Updated: 02/06/2021
