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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $104.57
- 2 Days on Market
- MLS # : 48245524
- Updated Date : 03/06/2021 at 22:48
CONSTRUCTION
- Beds : 4
- Floor Size : 2,950 sqft
- Baths : 2 full , 1 half
Listing Agent
Abby Realty
Listing Agent's Description
Gorgeous 2 story-4 bedroom-2.5 bath is FOR SALE in Highly sought out WEST OAKS! Get it while you can! Stunning curb appeal warmly greets you with a gorgeous elegant cream colonial balconette and portico which is surrounded by windows dressed with red shutters and solar screens and a complimenting new custom iron driveway gate. Large foyer, elegant wood posts and wrought iron spindle staircase. Huge study with wood and glass pocket doors. Formal dining room with double doors leading into the kitchen. Kitchen features new ceramic tile floors, walk in pantry, granite countertops, spacious island, cream travertine tile walls with beautiful glass tile edges as accent. Followed by a warm breakfast area which flows into the spacious living room with a fireplace and built ins. Huge primary bedroom with a custom lighted built ins wall and a sitting area. Huge bath with double sinks, two closets, and oil rubbed bronze hardware. Large Bedrooms. Huge fenced in backyard and No back neighbors!
SEE MORE
- 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
Neighborhood: West Oaks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: West Oaks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,150 |
| EXPENSES | Loan Payment | -$1,072 |
| Property Tax | -$694 | |
| Property Insurance | -$227 | |
| HOA | -$33 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$26
|
||
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.
$308,495
PROJECTED PRICE
$2,150
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 4.2% |
| 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
$87,501
LOAN DETAILS
$1,072
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $77,124 |
| Loan Amount | $231,371 |
2.33
YEARS SAVED
$5,045
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,150
LIST RENT -
$0.73
LIST RENT PER SQFT
-
$2,154
COMP ESTIMATED VALUE -
$0.73
COMP AVG. RENT PER SQFT
Comps Range
-
2708 W Oaks Boulevard Pearland, TX 3
- 4 beds 3 baths ∙ 2,950 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,950 Sqft ∙ Built 1993
- Rent
- Rent Per SQFT
- $2,150
- $0.73
-
2712 W Oaks Boulevard Pearland, TX 1
- 4 beds 3 baths ∙ 2,950 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,950 Sqft ∙ Built 1993
LEASED 02/18/20- Rent
- Rent Per SQFT
- $2,050
- $0.69
-
3208 Sumac Drive Pearland, TX 2
- 3 beds 3 baths ∙ 3,004 Sqft ∙ Built 1999 3 beds 3 baths ∙ 3,004 Sqft ∙ Built 1999
LEASED 01/28/20- Rent
- Rent Per SQFT
- $2,100
- $0.70
-
5002 Jolie Drive Pearland, TX 4
- 5 beds 4 baths ∙ 2,993 Sqft ∙ Built 2002 5 beds 4 baths ∙ 2,993 Sqft ∙ Built 2002
LEASED 02/08/21- Rent
- Rent Per SQFT
- $2,350
- $0.79
-
5805 Orchard Trail Drive Pearland, TX 5
- 4 beds 3 baths ∙ 3,226 Sqft ∙ Built 2011 4 beds 3 baths ∙ 3,226 Sqft ∙ Built 2011
LEASED 05/15/20- Rent
- Rent Per SQFT
- $2,400
- $0.74
PROPERTY LISTING DETAILS
1.832.877.7724
Abby Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 48245524
Last Updated: 03/06/2021
