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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sherwood Trails
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$61,400
LOAN DETAILS
$775
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $52,500 |
| Loan Amount | $157,499 |
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
-
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
1.832.746.9859
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 72519835
Last Updated: 01/01/2021
