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25914 Eagle Pines Lane Spring, TX 77389

4 Beds 4 Baths 2,807 sqft Built 2003

$340,000

List Price

$2,440

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $121.13
  • 2 Days on Market
  • MLS # : 13189410
  • Updated Date : 11/14/2020 at 18:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,807 sqft
  • Baths : 3 full , 1 half
Listing Agent

Re/max Integrity

Listing Agent's Description

This stunning one story in the highly sought after Augusta Pines neighborhood is a must see! Nestled on an over-sized lot, this 4 bedroom, 3.5 bathroom home has so many great features. Complete with a study, a flex room, formal dining and a large living room, there is plenty of space for everyone. The large kitchen features a walk-in pantry, breakfast bar, and built-in drawers in the cabinets. The backyard is oversized and has plenty of room for a pool! So many more features make this a must see! Schedule your showing today!!

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: Augusta Pines

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $113k559k

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

Neighborhood: Augusta Pines

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10723202

* 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
French Elementary School Primary Regular NA
Hofius Intermediate Middle Regular NA
Klein Oak High School High Regular 3,883 230 7

French Elementary School

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

Hofius Intermediate

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Klein Oak High School

  • Education Level: High
  • # of students: 3,883
  • # of teachers: 230
7
GreatSchools Rating
 

$306,000$374,000$340,000

PURCHASE PRICE

$2,196$2,684$2,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,440
EXPENSES Loan Payment -$1,254
Property Tax -$754
Property Insurance -$217
HOA -$75
Property Management Fees -$99
CASH FLOW
$40

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.

$340,000

PROJECTED PRICE

$2,440

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) -0.1%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$7,859

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,440

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,519

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,3503$2,4404$2,4505$2,670
$2,670
RENT COMPS ANALYSIS
  • 25914 Eagle Pines Lane Spring, TX 3
    • 4 beds 4 baths ∙ 2,807 Sqft ∙ Built 2003 4 beds 4 baths ∙ 2,807 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,440
    • $0.87
    •  
  • 10 Pleasant Point Place Spring, TX 1
    • 4 beds 4 baths ∙ 2,629 Sqft ∙ Built 2008 4 beds 4 baths ∙ 2,629 Sqft ∙ Built 2008
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.86
    •  
  • 210 Tortoise Creek Place Spring, TX 2
    • 4 beds 3 baths ∙ 2,664 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,664 Sqft ∙ Built 2008
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.88
    •  
  • 11 Sagamore Ridge Place Spring, TX 4
    • 4 beds 3 baths ∙ 2,781 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,781 Sqft ∙ Built 2010
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.88
    •  
  • 118 E Lasting Spring Circle Spring, TX 5
    • 4 beds 3 baths ∙ 2,745 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,745 Sqft ∙ Built 2008
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,670
    • $0.97
    •  
PROPERTY LISTING DETAILS
Nathan Marks
1.713.419.3284
Re/max Integrity
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 13189410
Last Updated: 11/14/2020
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