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PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $108.84
- 35 Days on Market
- MLS # : 69032558
- Updated Date : 12/02/2020 at 12:05
CONSTRUCTION
- Beds : 4
- Floor Size : 2,940 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Realty
Listing Agent's Description
WELCOME HOME to HARMONY!! MASTER PLANNED living & in GATED section. Only minutes to HWY 99 w/ lots of nearby shopping & dining! STUNNING 2 story w/ 4 BEDS, 2.5 BATHS. GOURMET granite ISLAND kitchen w/ 42" cabinetry, gas range, breakfast bar open to family room. Dramatic 2 story family room features gas log fireplace. OWNERS' RETREAT on 1st level w/ wrap around vanity w/ dual sinks, garden tub, shower, & WALK IN CLOSET. UPSTAIRS game room, SPACIOUS secondaries, STUNNING wood floors throughout main living areas - formal dining, formal living, kitchen, breakfast, & primary. CROWN MOLDING, HIGH ceilings, curved archways, 5 SOLAR panels - LOW electric bills, COVERED patio, sprinkler system, & SO MUCH MORE! Residents' enjoy 2 rec centers w/ resort style pools & splash pad, basketball court & tennis courts, walking trails & parks! ZONED to the highly sought after GRAND OAKS HIGH in CONOROE ISD! Don't wait, call today, & make this home yours!
SEE MORE
- 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: Harmony
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Harmony
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,540 |
| EXPENSES | Loan Payment | -$1,181 |
| Property Tax | -$881 | |
| Property Insurance | -$197 | |
| HOA | -$83 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$99
|
||
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.
$319,990
PROJECTED PRICE
$2,540
PROJECTED RENT
0.79%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 2.3% |
| 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
$90,547
LOAN DETAILS
$1,181
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $79,998 |
| Loan Amount | $239,993 |
2.67
YEARS SAVED
$8,613
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,540
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$2,565
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
2526 Marufo Vega Drive Spring, TX 4
- 4 beds 3 baths ∙ 2,940 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,940 Sqft ∙ Built 2008
- Rent
- Rent Per SQFT
- $2,540
- $0.86
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27503 Caradoc Springs Court Spring, TX 1
- 3 beds 3 baths ∙ 2,839 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,839 Sqft ∙ Built 2008
LEASED 02/07/20- Rent
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- $2,250
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1903 Lora Meadows Court Spring, TX 2
- 3 beds 3 baths ∙ 2,812 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,812 Sqft ∙ Built 2010
LEASED 12/01/19- Rent
- Rent Per SQFT
- $2,350
- $0.84
-
27922 Arden Trl Spring, TX 3
- 4 beds 4 baths ∙ 2,935 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,935 Sqft ∙ Built 2017
LEASED 03/17/20- Rent
- Rent Per SQFT
- $2,400
- $0.82
-
27907 Coulter Drive Spring, TX 5
- 4 beds 3 baths ∙ 2,977 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,977 Sqft ∙ Built 2015
LEASED 09/05/20- Rent
- Rent Per SQFT
- $3,100
- $1.04
PROPERTY LISTING DETAILS
1.281.339.1800
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 69032558
Last Updated: 12/02/2020
