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PROPERTY INFO
FACTS
- Built In 2005
- Price/Sqft : $141.42
- 9 Days on Market
- MLS # : 36300373
- Updated Date : 10/26/2020 at 22:21
CONSTRUCTION
- Beds : 3
- Floor Size : 2,687 sqft
- Baths : 2 full , 1 half
Listing Agent
Blue J Realty
Listing Agent's Description
Welcome to your new home! Beautiful one-story home located in the popular Woodlands Grogans Forest neighborhood. This three bedroom and two and half bathroom home features many desirable details from easily maintain yards, to a grand entry, tiled floors throughout the home, art niches, and so much more. It showcases an open concept Formal Dining/Kitchen with Breakfast /Living area with plenty of windows for tons of natural lighting. The Primary suite is located off the Living area for a more private and secluded retreat. Primary bathroom opens to a large space with double vanities, garden tub, walk-in shower, and entrance to a closet with easy access to the Laundry room for convenience of putting away clothes. Double entry to your extended outdoor patio for those private moments to enjoy a respite in the early morning or evening on your covered patio.
SEE MORE
- 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: Grogan's Forest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Grogan's Forest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,550 |
| EXPENSES | Loan Payment | -$1,402 |
| Property Tax | -$730 | |
| Property Insurance | -$182 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$136
|
||
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.
$380,000
PROJECTED PRICE
$2,550
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | -1.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.28% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$106,450
LOAN DETAILS
$1,402
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $95,000 |
| Loan Amount | $285,000 |
4.33
YEARS SAVED
$18,408
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,550
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$2,606
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
27 Tapestry Forest Place The Woodlands, TX 2
- 3 beds 3 baths ∙ 2,687 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,687 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $2,550
- $0.95
-
123 Zephyr Bend Place The Woodlands, TX 1
- 3 beds 3 baths ∙ 2,554 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,554 Sqft ∙ Built 2002
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,300
- $0.90
-
2 S Crescendo Path Place Shenandoah, TX 3
- 3 beds 2 baths ∙ 2,614 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,614 Sqft ∙ Built 2005
LEASED 12/16/19- Rent
- Rent Per SQFT
- $2,600
- $0.99
-
18 E Tapestry Park Circle The Woodlands, TX 4
- 3 beds 3 baths ∙ 2,693 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,693 Sqft ∙ Built 2005
LEASED 12/24/19- Rent
- Rent Per SQFT
- $2,600
- $0.97
-
30 Rymwick Court The Woodlands, TX 5
- 3 beds 3 baths ∙ 2,786 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,786 Sqft ∙ Built 2002
LEASED 10/16/20- Rent
- Rent Per SQFT
- $2,850
- $1.02
PROPERTY LISTING DETAILS
1.832.889.5007
Blue J Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 36300373
Last Updated: 10/26/2020
