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25250 Sterling Cloud Lane Katy, TX 77494

4 Beds 3 Baths 2,333 sqft Built 2004

$279,000

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • 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

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $113k359k

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

Neighborhood: Parkway Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9822063

* 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
Rylander Elementary School Primary Regular 1,339 81 9
Cinco Ranch Junior High School Middle Regular 1,241 74 9
Cinco Ranch High School High Regular 3,171 174 9

Rylander Elementary School

  • Education Level: Primary
  • # of students: 1,339
  • # of teachers: 81
9
GreatSchools Rating

Cinco Ranch Junior High School

  • Education Level: Middle
  • # of students: 1,241
  • # of teachers: 74
9
GreatSchools Rating

Cinco Ranch High School

  • Education Level: High
  • # of students: 3,171
  • # of teachers: 174
9
GreatSchools Rating
 

$251,100$306,900$279,000

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,685

INVESTMENT

$79,685

Down Payment
$69,750
Rehab Estimate
$5,750
Closing Costs
$4,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$969

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $69,750
Loan Amount $209,250
See What Happens When You Reinvest Cash Flow

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
$1,750
1$1,7502$1,7953$1,8254$1,8405$1,900
$1,900
RENT COMPS ANALYSIS
  • 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
Chase Boeker
1.409.996.9821
Marsae's Coastal Living Proper
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 18637143
Last Updated: 01/27/2021
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