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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $119.59
- 6 Days on Market
- MLS # : 18637143
- Updated Date : 01/27/2021 at 10:43
CONSTRUCTION
- Beds : 4
- Floor Size : 2,333 sqft
- Baths : 2 full , 1 half
Listing Agent
Marsae's Coastal Living Proper
Listing Agent's Description
Beautiful Brick, corner lot two story home in Parkway Oaks with a 2 car garage and double car driveway. Large open kitchen to family room. Gas appliances and lots more. Master down with walk in closet and tub/shower separate. 1/2 bathroom downstairs off the hallway to the laundry room. Three bedrooms and one bathroom with a central second living or game room all upstairs. Quant covered back porch for entraining with planter beds and Saint Augustine grass. Home has never flooded and is ready for you.
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: Parkway Oaks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Parkway Oaks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,840 |
| EXPENSES | Loan Payment | -$969 |
| Property Tax | -$531 | |
| Property Insurance | -$162 | |
| HOA | -$50 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$29
|
||
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.
$279,000
PROJECTED PRICE
$1,840
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 5.6% |
| 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
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$79,685
LOAN DETAILS
$969
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $69,750 |
| Loan Amount | $209,250 |
2.67
YEARS SAVED
$5,897
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,840
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$1,831
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
25250 Sterling Cloud Lane Katy, TX 4
- 4 beds 3 baths ∙ 2,333 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,333 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $1,840
- $0.79
-
25207 Spring Iris Katy, TX 1
- 4 beds 3 baths ∙ 2,237 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,237 Sqft ∙ Built 2005
LEASED 07/15/20- Rent
- Rent Per SQFT
- $1,750
- $0.78
-
25307 Sierra Woods Katy, TX 2
- 4 beds 3 baths ∙ 2,307 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,307 Sqft ∙ Built 2005
LEASED 09/14/20- Rent
- Rent Per SQFT
- $1,795
- $0.78
-
25207 Sierra Woods Lane Katy, TX 3
- 3 beds 3 baths ∙ 2,339 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,339 Sqft ∙ Built 2006
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,825
- $0.78
-
25218 Sterling Cloud Lane Katy, TX 5
- 4 beds 4 baths ∙ 2,366 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,366 Sqft ∙ Built 2005
LEASED 10/03/20- Rent
- Rent Per SQFT
- $1,900
- $0.80
PROPERTY LISTING DETAILS
1.409.996.9821
Marsae's Coastal Living Proper
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 18637143
Last Updated: 01/27/2021
