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25006 Burgh Castle Drive Spring, TX 77389

4 Beds 4 Baths 2,892 sqft Built 1998

$279,995

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $96.82
  • 6 Days on Market
  • MLS # : 91267306
  • Updated Date : 12/01/2020 at 13:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,892 sqft
  • Baths : 3 full , 1 half
Listing Agent

Eagle, Realtors

Listing Agent's Description

Samsung refrigerator included, granite counters, Washer and Dryer included also. All windows upgraded to vinyl double pane. All bedroom are oversized all w/large walk-in closets. Game room can be 5th bedroom which has a closet and built-in desk and shelving. Subdivision has a large pool, separate tennis courts, pond and clubhouse that is available to owners. Minutes to schools & great shopping.Looking for beautiful home with shade trees? This freshly painted interior, large updated home in established Londonderry is the home for you. 4 bedrooms, 3.5 baths with game room (could be 5th bedroom as it has a large closet and built in desk) is truly move in ready; . Each bedroom is oversized with generous walk-in closets. Screened backyard patio to enjoy the outdoors year round. Minutes to schools and shopping. Subdivision pool, playground and tennis courts.

SEE MORE

MARKET HIGHLIGHTS

  • 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)

PRICE & RENT TRENDS

Neighborhood: Londonderry

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Neighborhood: Londonderry

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10382063

* 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
Metzler Elementary School Primary Regular 873 53 8
Hofius Intermediate Middle Regular NA
Klein Oak High School High Regular 3,883 230 7

Metzler Elementary School

  • Education Level: Primary
  • # of students: 873
  • # of teachers: 53
8
GreatSchools Rating

Hofius Intermediate

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Klein Oak High School

  • Education Level: High
  • # of students: 3,883
  • # of teachers: 230
7
GreatSchools Rating
 

$251,996$307,995$279,995

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$1,033
Property Tax -$682
Property Insurance -$223
HOA -$31
Property Management Fees -$99
CASH FLOW
$52

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.

$279,995

PROJECTED PRICE

$2,120

PROJECTED RENT

0.76%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 7.2%
Maintenance Year (1-5) 8.00%
Vacancy 9.28%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,949

INVESTMENT

$79,949

Down Payment
$69,999
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,999
Loan Amount $209,996
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$6,674

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,371

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,120
1$2,1202$2,1503$2,3504$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 25006 Burgh Castle Drive Spring, TX 1
    • 4 beds 4 baths ∙ 2,892 Sqft ∙ Built 1998 4 beds 4 baths ∙ 2,892 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $0.73
    •  
  • 24815 Butterwick Drive Spring, TX 2
    • 4 beds 3 baths ∙ 2,845 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,845 Sqft ∙ Built 1999
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.76
    •  
  • 24923 Butterwick Drive Spring, TX 3
    • 4 beds 3 baths ∙ 2,986 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,986 Sqft ∙ Built 1980
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.79
    •  
  • 8634 Sweet Pasture Drive Tomball, TX 4
    • 4 beds 4 baths ∙ 2,838 Sqft ∙ Built 2012 4 beds 4 baths ∙ 2,838 Sqft ∙ Built 2012
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.85
    •  
  • 24507 Okehampton Drive Tomball, TX 5
    • 3 beds 3 baths ∙ 2,840 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,840 Sqft ∙ Built 1993
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.88
    •  
PROPERTY LISTING DETAILS
Carl Bradley
1.281.642.4211
Eagle, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 91267306
Last Updated: 12/01/2020
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