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2530 Sherwood Hollow Lane Houston, TX 77339

3 Beds 2 Baths 1,691 sqft Built 1993

$209,999

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $124.19
  • 4 Days on Market
  • MLS # : 72519835
  • Updated Date : 01/01/2021 at 13:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,691 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

A charming all brick and well-maintained home with mature trees awaits in The Livable Forest. The living room is full of character and boasts wood floors and a cozy fireplace. Extensive wood and tile flooring throughout main living areas and new carpet in all bedrooms. The kitchen is situated adjacent to the breakfast area and offers stainless steel appliances, brick backsplash and a raised breakfast bar. Primary room features an ensuite bathroom with dual sinks, a walk-in shower, separate tub and a large closet. Fully fenced large backyard with a patio and lush lawn. Enjoy peace of mind with a new roof, fence and HVAC that were installed in 2019, new windows in 2016 new insulation, new attic fan in 2017, a new water heater in 2015 and NO FLOODING!! Conveniently located in proximity to local park and swimming pool with easy access to many miles of greenbelts. Schedule your appointment today and make this your home tomorrow!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Houston metro contributes to 29.5% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Sherwood Trails

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $84k281k

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

Neighborhood: Sherwood Trails

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9822061

* 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
Elm Grove Elementary School Primary Regular 488 35 6
Kingwood Middle School Middle Regular 1,025 58 7
Kingwood Park High School High Regular 1,768 110 8

Elm Grove Elementary School

  • Education Level: Primary
  • # of students: 488
  • # of teachers: 35
6
GreatSchools Rating

Kingwood Middle School

  • Education Level: Middle
  • # of students: 1,025
  • # of teachers: 58
7
GreatSchools Rating

Kingwood Park High School

  • Education Level: High
  • # of students: 1,768
  • # of teachers: 110
8
GreatSchools Rating
 

$188,999$230,999$209,999

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$775
Property Tax -$443
Property Insurance -$142
HOA -$38
Property Management Fees -$99
CASH FLOW
$174

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.

$209,999

PROJECTED PRICE

$1,670

PROJECTED RENT

0.80%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 7.6%
Maintenance Year (1-5) 8.00%
Vacancy 8.80%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,400

INVESTMENT

$61,400

Down Payment
$52,500
Rehab Estimate
$5,750
Closing Costs
$3,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$775

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,500
Loan Amount $157,499
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$17,457

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,695

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5003$1,5304$1,5655$1,670
$1,670
RENT COMPS ANALYSIS
  • 2530 Sherwood Hollow Lane Houston, TX 5
    • 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.99
    •  
  • 2522 Sherwood Hollow Lane Kingwood, TX 1
    • 3 beds 2 baths ∙ 1,511 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,511 Sqft ∙ Built 1993
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.99
    •  
  • 2427 Meandering Trail Houston, TX 2
    • 3 beds 2 baths ∙ 1,511 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,511 Sqft ∙ Built 1993
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.99
    •  
  • 2514 Clear Ridge Drive Houston, TX 3
    • 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 1992
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $1.00
    •  
  • 2515 Clear Ridge Drive Houston, TX 4
    • 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 1991
    LEASED 12/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,565
    • $1.03
    •  
PROPERTY LISTING DETAILS
Daniela Sumbera
1.832.746.9859
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 72519835
Last Updated: 01/01/2021
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