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286 Capriccio Lane Montgomery, TX 77316

4 Beds 4 Baths 2,762 sqft Built 2017

$360,000

List Price

$2,390

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $130.34
  • 4 Days on Market
  • MLS # : 40214041
  • Updated Date : 02/27/2021 at 11:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,762 sqft
  • Baths : 3 full , 1 half
Listing Agent

Bhgre Gary Greene

Listing Agent's Description

Located in the award winning master planned community of Woodforest and zoned to Montgomery ISD, this immaculate 2 story Lennar home features 4 bedrooms, 3 1/2 baths, dedicated study, breakfast room and oversized covered patio. Shaker-style wainscoting, herringbone kitchen backsplash, neutral accent walls, flagstone patio, and extended covered-patio make this home BETTER THAN NEW! Warm hardwood floors line the dedicated study, entry, living room, kitchen and breakfast area. An arched walkway leads to the private master en-suite. The light and bright master bathroom has a separate tub and shower, walk-in closet, linen closet and plenty of storage. Upstairs, the large gameroom is flooded with natural light and offers plenty of space for both a media and play area. Three large bedrooms and 2 full bathrooms complete the second story. All within minutes of dining, shopping and incredible amenities. It's easy to see why this one won't last long!

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: Woodforest

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $113k451k

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

Neighborhood: Woodforest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10722693

* 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
Lone Star Elementary School Primary Regular 867 48 8
Oak Hills Junior High School Middle Unknown NA
Lake Creek High School High Unknown NA

Lone Star Elementary School

  • Education Level: Primary
  • # of students: 867
  • # of teachers: 48
8
GreatSchools Rating

Oak Hills Junior High School

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

Lake Creek High School

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

$324,000$396,000$360,000

PURCHASE PRICE

$2,151$2,629$2,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,390
EXPENSES Loan Payment -$1,250
Property Tax -$692
Property Insurance -$187
HOA -$96
Property Management Fees -$99
CASH FLOW
$67

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.

$360,000

PROJECTED PRICE

$2,390

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 1.9%
Maintenance Year (1-5) 8.00%
Vacancy 9.28%
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$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$8,795

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,390

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,444

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,3903$2,4004$2,5005$2,750
$2,750
RENT COMPS ANALYSIS
  • 286 Capriccio Lane Montgomery, TX 2
    • 4 beds 4 baths ∙ 2,762 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,762 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $0.87
    •  
  • 275 Capriccio Lane Montgomery, TX 1
    • 3 beds 3 baths ∙ 2,456 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,456 Sqft ∙ Built 2018
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.86
    •  
  • 14141 Isle Royal Lane Conroe, TX 3
    • 4 beds 4 baths ∙ 2,718 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,718 Sqft ∙ Built 2016
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.88
    •  
  • 182 Jaxxon Pointe Drive Montgomery, TX 4
    • 4 beds 4 baths ∙ 2,790 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,790 Sqft ∙ Built 2013
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.90
    •  
  • 235 Capriccio Lane Montgomery, TX 5
    • 4 beds 4 baths ∙ 3,052 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,052 Sqft ∙ Built 2017
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.90
    •  
PROPERTY LISTING DETAILS
Rachel Harris
1.936.224.2144
Bhgre Gary Greene
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 40214041
Last Updated: 02/27/2021
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