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26534 Marble Falls Bend Katy, TX 77494

5 Beds 3 Baths 2,907 sqft Built 2008

$270,000

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2008
  • Price/Sqft : $92.88
  • 4 Days on Market
  • MLS # : 10399200
  • Updated Date : 10/31/2020 at 08:44
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,907 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ballard & Associates, Inc.

Listing Agent's Description

Very nice home located in Pine Mill Ranch! Enter into tile foyer to study with natural light and views of front yard and formal dining. Large island kitchen and open roomy den. This flowing floor plan has the master bedroom down with walk in closet and four spacious bedrooms upstairs with a game room. Covered patio for bbq. Close to shopping and restaurants. It will be one you want to see.

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: Pine Mill Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $113k547k

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

Neighborhood: Pine Mill Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10373320

* 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
Davidson Elementary School Primary Unknown 1,095 64 NA
Tays Junior High School Middle Regular NA
Tompkins High School High Unknown 1,620 92 NA

Davidson Elementary School

  • Education Level: Primary
  • # of students: 1,095
  • # of teachers: 64
NA
GreatSchools Rating

Tays Junior High School

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

Tompkins High School

  • Education Level: High
  • # of students: 1,620
  • # of teachers: 92
NA
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$996
Property Tax -$671
Property Insurance -$195
HOA -$38
Property Management Fees -$99
CASH FLOW
$192

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 18% of earned rent to cover both maintenance and periods of vacancy.

$270,000

PROJECTED PRICE

$2,190

PROJECTED RENT

0.81%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.61%
Appreciation Year (1-5) 3.5%
Maintenance Year (1-5) 8.00%
Vacancy 10.23%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$12,328

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,190

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,166

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1553$2,1754$2,1905$2,350
$2,350
RENT COMPS ANALYSIS
  • 26534 Marble Falls Bend Katy, TX 4
    • 5 beds 3 baths ∙ 2,907 Sqft ∙ Built 2008 5 beds 3 baths ∙ 2,907 Sqft ∙ Built 2008
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $0.75
    •  
  • 3411 Sterling Vista Boulevard Katy, TX 1
    • 4 beds 4 baths ∙ 2,921 Sqft ∙ Built 2012 4 beds 4 baths ∙ 2,921 Sqft ∙ Built 2012
    property image
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.72
    •  
  • 26514 Forest Pine Lane Katy, TX 2
    • 4 beds 4 baths ∙ 2,989 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,989 Sqft ∙ Built 2013
    property image
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,155
    • $0.72
    •  
  • 26538 Marble Point Lane Katy, TX 3
    • 5 beds 4 baths ∙ 2,907 Sqft ∙ Built 2008 5 beds 4 baths ∙ 2,907 Sqft ∙ Built 2008
    property image
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.75
    •  
  • 26507 Clear Mill Lane Katy, TX 5
    • 4 beds 3 baths ∙ 2,961 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,961 Sqft ∙ Built 2007
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.79
    •  
PROPERTY LISTING DETAILS
Darrell Ballard
1.713.504.5809
Ballard & Associates, Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 10399200
Last Updated: 10/31/2020
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