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2627 Bedrock Lane Missouri City, TX 77489

4 Beds 2 Baths 1,689 sqft Built 2017

$225,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $133.21
  • 5 Days on Market
  • MLS # : 11944868
  • Updated Date : 01/23/2021 at 08:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,689 sqft
  • Baths : 2 full
Listing Agent

Realty Associates

Listing Agent's Description

Only 3 Years Young, This is a beautiful 4 Bedroom, 2 Full Bath, 1 story upgraded home on a large lot. Kitchen has all Stainless Steel Appliances, including Fridge; 5 Burner Gas Range; Granite Counters, Kitchen Island; 42 inch cabinets; Ceramic tile floors in bathrooms; Separate Shower and Garden Tub in Master. Large Master Walk in Closet, 2 Car Attached Garage; Large Pool Sized Backyard. Walking distance to elementary school. Make this your home for years to come.

SEE MORE

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

Zip Code: 77489

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $81k274k

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

Zip Code: 77489

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9121788

* 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
Glover Elementary School Primary Regular 565 40 3
Missouri City Middle School Middle Regular 1,116 79 3
Marshall High School High Regular 1,242 93 2

Glover Elementary School

  • Education Level: Primary
  • # of students: 565
  • # of teachers: 40
3
GreatSchools Rating

Missouri City Middle School

  • Education Level: Middle
  • # of students: 1,116
  • # of teachers: 79
3
GreatSchools Rating

Marshall High School

  • Education Level: High
  • # of students: 1,242
  • # of teachers: 93
2
GreatSchools Rating
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$782
Property Tax -$445
Property Insurance -$125
HOA -$32
Property Management Fees -$99
CASH FLOW
$98

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.

$225,000

PROJECTED PRICE

$1,580

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 8.7%
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$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$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$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$782

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$9,927

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,524

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,5803$1,6254$1,7005$1,750
$1,750
RENT COMPS ANALYSIS
  • 2627 Bedrock Lane Missouri City, TX 2
    • 4 beds 2 baths ∙ 1,689 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,689 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.94
    •  
  • 1927 Wood Trails Court Missouri City, TX 1
    • 3 beds 2 baths ∙ 1,509 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,509 Sqft ∙ Built 2004
    property image
    LEASED 08/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.89
    •  
  • 1935 Shady Oaks Court Missouri City, TX 3
    • 3 beds 2 baths ∙ 1,839 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,839 Sqft ∙ Built 2002
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.88
    •  
  • 1522 Cartwright Road Missouri City, TX 4
    • 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 2003
    property image
    LEASED 01/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.91
    •  
  • 1818 Ripple Creek Drive Missouri City, TX 5
    • 3 beds 3 baths ∙ 1,876 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,876 Sqft ∙ Built 2020
    property image
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.93
    •  
PROPERTY LISTING DETAILS
Verlina Whatley
1.832.439.0353
Realty Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 11944868
Last Updated: 01/23/2021
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