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25519 Twister Trail Spring, TX 77373

3 Beds 2 Baths 1,614 sqft Built 2004

$185,000

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $114.62
  • 3 Days on Market
  • MLS # : 2764476
  • Updated Date : 02/05/2021 at 19:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,614 sqft
  • Baths : 2 full
Listing Agent

Exp Realty, Llc

Listing Agent's Description

This home is as pretty as a picture! Located on a beautiful street in Breckenridge Forest you will find this stunning 3 bedroom - 2 bathroom floor plan with engineered hardwood flooring throughout and freshly cleaned carpet in the spacious-bedrooms. Each bedroom includes a walk-in closet with plenty of shelf space. The large primary bedroom shows with an abundance of natural light & includes a walk-in shower and spa in the bathroom. Large living area with a fireplace to light up on those cold Texas days. Entering the kitchen you will be delighted to see tile flooring, granite counter tops, cherry-cabernet stain cabinets and a neutral backsplash to bring it all together! Yes, the kitchen appliances are included! Not to mention the private laundry room nestled away. Leaving the kitchen you will walk out into the backyard with a concrete patio area and NO back neighbors. Pride of ownership shows throughout this home! Schedule your appointment before this home is gone!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Spring

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $95k270k

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

Neighborhood: Spring

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9421932

* 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
Gloria Marshall Elementary School Primary Regular 704 42 NA
Rickey C. Bailey Middle School Middle Regular 1,238 72 4
Spring High School High Regular 3,339 173 3

Gloria Marshall Elementary School

  • Education Level: Primary
  • # of students: 704
  • # of teachers: 42
NA
GreatSchools Rating

Rickey C. Bailey Middle School

  • Education Level: Middle
  • # of students: 1,238
  • # of teachers: 72
4
GreatSchools Rating

Spring High School

  • Education Level: High
  • # of students: 3,339
  • # of teachers: 173
3
GreatSchools Rating
 

$166,500$203,500$185,000

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$643
Property Tax -$472
Property Insurance -$136
HOA -$42
Property Management Fees -$99
CASH FLOW
$119

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.

$185,000

PROJECTED PRICE

$1,510

PROJECTED RENT

0.82%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 5.1%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$54,775

INVESTMENT

$54,775

Down Payment
$46,250
Rehab Estimate
$5,750
Closing Costs
$2,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$643

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $46,250
Loan Amount $138,750
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$8,575

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,517

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,510
1$1,5102$1,5503$1,5504$1,5905$1,600
$1,600
RENT COMPS ANALYSIS
  • 25519 Twister Trail Spring, TX 1
    • 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.94
    •  
  • 25307 Twister Trail Spring, TX 2
    • 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 2003
    LEASED 01/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.97
    •  
  • 3406 Falcon Trail Court Spring, TX 3
    • 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 2002
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.93
    •  
  • 3119 Crossout Court Spring, TX 4
    • 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 2004
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.97
    •  
  • 25306 Twister Trail Spring, TX 5
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 2002
    LEASED 12/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.89
    •  
PROPERTY LISTING DETAILS
Felecia Fernandez
1.832.574.4702
Exp Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 2764476
Last Updated: 02/05/2021
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