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27 Bark Bend Place The Woodlands, TX 77385

4 Beds 3 Baths 2,443 sqft Built 2005

$270,000

List Price

$2,020

$1.8K - $2.2K

Rent Est.

$77,300

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+3.2%)
1 YR. PROJ. APPRECIATION


Cap Rate	4.1%
Cash Flow	$3,552
Value Increase	$8,934

10 YEAR

Cash On Cash	-0.2%
Total Return	9.4%

PROPERTY INFO

FACTS

Single Family
Built In 2005
Price/Sqft : $110.52
19 Days on Market
MLS # : 90493946
Updated Date : 01/18/2021 at 16:55

CONSTRUCTION

Beds : 4
Floor Size : 2,443 sqft
Baths : 2 full , 1 half

Listing Agent

Lone Star Realty

Listing Agent's Description

Beautiful 2 story brick home in the Woodlands, 4 bedrooms and 2.5 baths. Master down, Game room and 3 bedrooms on 2nd floor. Tile throughout the 1st floor. A/C condenser was replaced recently. House has been recently painted, pictures will not reflect this change

MARKET HIGHLIGHTS

Houston Market Report

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)

Neighborhood: Cochran's Crossing

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

Neighborhood: Cochran's Crossing

* 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
Galatas Elementary School	Primary	Regular	660	40	10
Mccullough Junior High School	Middle	Regular	2,229	120	10
The Woodlands High School Senior Campus	High	Regular	4,142	228	9

Galatas Elementary School

Education Level: Primary
# of students: 660
# of teachers: 40

GreatSchools Rating

Mccullough Junior High School

Education Level: Middle
# of students: 2,229
# of teachers: 120

GreatSchools Rating

The Woodlands High School Senior Campus

Education Level: High
# of students: 4,142
# of teachers: 228

GreatSchools Rating

FINANCIALS

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$243,000$297,00000$270,000

PURCHASE PRICE

$1,818$2,22200$2,020

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$2,020
EXPENSES	Loan Payment	-$938
	Property Tax	-$519
	Property Insurance	-$168
	Property Management Fees	-$99




CASH FLOW $296

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

$2,020

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	2.61%
Appreciation Year (1-5)	3.2%
Maintenance Year (1-5)	8.00%
Vacancy	10.23%
Length of Stay Years	2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$77,300

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

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$938

MONTHLY LOAN PAYMENT

30 yr

3.75%

25.00%

Down Payment

Term	30 Years
Interest	3.75%
Down Payment	$67,500
Loan Amount	$202,500

See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$22,025

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$2,020
LIST RENT
$0.83
LIST RENT PER SQFT

$2,150
COMP ESTIMATED VALUE
$0.88
COMP AVG. RENT PER SQFT

Comps Range

$2,000

1$2,0002$2,0203$2,2004$2,2505$2,275

$2,275

RENT COMPS ANALYSIS

2,443
PROPERTY SQFT
$0.88
AVG RENT PER SQFT
$2,150
ESTIMATED VALUE
$2,020
LIST RENT

27 Bark Bend Place The Woodlands, TX 1

4 beds 3 baths ∙ 2,443 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,443 Sqft ∙ Built 2005
Price

Price Per SQFT

$270,000

$110.52
6 Windledge Place Spring, TX 2

4 beds 4 baths ∙ 2,560 Sqft ∙ Built 1991 4 beds 4 baths ∙ 2,560 Sqft ∙ Built 1991
SOLD 12/01/20
Price

Price Per SQFT

$320,000

$125.00
19 Greentwig Place Spring, TX 3

4 beds 3 baths ∙ 2,485 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,485 Sqft ∙ Built 1990
SOLD 12/29/20
Price

Price Per SQFT

$325,000

$130.78
30 Windledge Place The Woodlands, TX 4

4 beds 3 baths ∙ 2,424 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,424 Sqft ∙ Built 1990
SOLD 08/28/20
Price

Price Per SQFT

$365,000

$150.58
23 Amber Sky Place The Woodlands, TX 5

4 beds 2 baths ∙ 2,445 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,445 Sqft ∙ Built 1990
SOLD 09/18/20
Price

Price Per SQFT

$390,000

$159.51

27 Bark Bend Place The Woodlands, TX 2

4 beds 3 baths ∙ 2,443 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,443 Sqft ∙ Built 2005
Rent

Rent Per SQFT

$2,020

$0.83
43 E Copper Sage Circle The Woodlands, TX 1

4 beds 3 baths ∙ 2,482 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,482 Sqft ∙ Built 1990
LEASED 09/12/20
Rent

Rent Per SQFT

$2,000

$0.81
134 W Copper Sage Circle The Woodlands, TX 3

5 beds 3 baths ∙ 2,524 Sqft ∙ Built 1990 5 beds 3 baths ∙ 2,524 Sqft ∙ Built 1990
LEASED 01/13/20
Rent

Rent Per SQFT

$2,200

$0.87
15 Dresden Place The Woodlands, TX 4

3 beds 2 baths ∙ 2,289 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,289 Sqft ∙ Built 2006
LEASED 02/21/20
Rent

Rent Per SQFT

$2,250

$0.98
27 Nightwind Place The Woodlands, TX 5

4 beds 3 baths ∙ 2,632 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,632 Sqft ∙ Built 1990
LEASED 08/14/20
Rent

Rent Per SQFT

$2,275

$0.86

PROPERTY LISTING DETAILS

Michael Quaye
1.832.877.6946
Lone Star Realty

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 90493946
Last Updated: 01/18/2021

27 Bark Bend Place The Woodlands, TX 77385

$270,000

$2,020

$77,300

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Galatas Elementary School

Mccullough Junior High School

The Woodlands High School Senior Campus

FINANCIALS

$243,000$297,00000$270,000

$1,818$2,22200$2,020

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$270,000

$2,020

0.75%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$938

6.67

$22,025

$270,000

$110.52

$345,605

$141.47

COMPS RANGE

PRICE COMPS ANALYSIS

$2,020

$0.83

$2,150

$0.88

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS