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265 Stalwart Hill Trail Magnolia, TX 77354

3 Beds 3 Baths 2,210 sqft Built 2021

$269,110

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $121.77
  • 6 Days on Market
  • MLS # : 11995516
  • Updated Date : 01/29/2021 at 17:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,210 sqft
  • Baths : 2 full , 1 half
Listing Agent

Turner Mangum,llc

Listing Agent's Description

NEW CONSTRUCTION by Rausch Coleman Homes| Boasting nearly 2,210 SF, this Stunning Two-Story sits on an OVERSIZED Homesite, featuring an Open Floor-Plan w/ Raised Ceilings, Tastefully upgraded Cabinetry, 3 Car Garage, Oversized Lot, Covered Patio, & 3 ample sized Bedrooms| 2.5 Baths. Lakes At Black Oak is a new Magnolia community, carved into a natural, serene setting. Residents will enjoy the natural amenities of a community lake and recreational amenities including childrens park,splash pad, & soccer field. LOCATION is minutes away from The Woodlands, ideally situated between I-45 and 249. Rausch Coleman is a nationally renowned builder known for their customer & integrity driven homes!

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

Zip Code: 77354

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k306k

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

Zip Code: 77354

ZipNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10272063

* 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
Cedric C. Smith Elementary School Primary Regular 739 45 7
Bear Branch Junior High School Middle Regular 977 51 7
Magnolia High School High Regular 1,794 118 7

Cedric C. Smith Elementary School

  • Education Level: Primary
  • # of students: 739
  • # of teachers: 45
7
GreatSchools Rating

Bear Branch Junior High School

  • Education Level: Middle
  • # of students: 977
  • # of teachers: 51
7
GreatSchools Rating

Magnolia High School

  • Education Level: High
  • # of students: 1,794
  • # of teachers: 118
7
GreatSchools Rating
 

$242,199$296,021$269,110

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$935
Property Tax -$474
Property Insurance -$155
HOA -$56
Property Management Fees -$99
CASH FLOW
$461

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$269,110

PROJECTED PRICE

$2,180

PROJECTED RENT

0.81%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 3.9%
Maintenance Year (1-5) 3.00%
Vacancy 9.28%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$73,314

INVESTMENT

$73,314

Down Payment
$67,278
Rehab Estimate
$2,000
Closing Costs
$4,037

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$935

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,278
Loan Amount $201,833
See What Happens When You Reinvest Cash Flow

11.25

YEARS SAVED

$48,766

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,199

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,1803$2,2504$2,3005$2,350
$2,350
RENT COMPS ANALYSIS
  • 265 Stalwart Hill Trail Magnolia, TX 2
    • 3 beds 3 baths ∙ 2,210 Sqft ∙ Built 2021 3 beds 3 baths ∙ 2,210 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $0.99
    •  
  • 11 Fox Chapel Place The Woodlands, TX 1
    • 3 beds 2 baths ∙ 2,043 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,043 Sqft ∙ Built 2005
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.95
    •  
  • 111 Regan Mead Court The Woodlands, TX 3
    • 4 beds 3 baths ∙ 2,409 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,409 Sqft ∙ Built 2005
    LEASED 08/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.93
    •  
  • 18 Salado Vista Court Magnolia, TX 4
    • 4 beds 2 baths ∙ 2,084 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,084 Sqft ∙ Built 2017
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.10
    •  
  • 14 Red Adler Place The Woodlands, TX 5
    • 4 beds 3 baths ∙ 2,340 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,340 Sqft ∙ Built 2005
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.00
    •  
PROPERTY LISTING DETAILS
Jared Turner
Turner Mangum,llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 11995516
Last Updated: 01/29/2021
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