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PROPERTY INFO
FACTS
- Single Family
- Built In 2010
- Price/Sqft : $112.81
- 4 Days on Market
- MLS # : 52652403
- Updated Date : 01/14/2021 at 20:43
CONSTRUCTION
- Beds : 3
- Floor Size : 2,615 sqft
- Baths : 2 full
Listing Agent
Re/max Signature
Listing Agent's Description
Meticulously maintained One Story David Weekely home on an oversized corner lot of a cul du sac street.This home has an inviting front porch which leads to a generous entryway with a private office and a formal dining room. The large family room is completely open to the kitchen and breakfast making this a entertainers dream. The master bedroom and bath are secluded at the rear corner of the home. The Master bath has a soaking tub and separate shower and a large master closet. The secondary bedrooms and extra room(either a bedroom if a closet is added/game room/ hobby room) are on a private hall way with the second bath. Large pass through utility gives access to the attached garage. Massive rear patio measures 28x9 opens to the rear yard which is a blank canvas for your families needs. All of this is in the KATY ISD section of Firethorne.
SEE MORE
- 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)
- Houston metro contributes to 29.5% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
PRICE & RENT TRENDS
Zip Code: 77494
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 77494
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,310 |
| EXPENSES | Loan Payment | -$1,025 |
| Property Tax | -$722 | |
| Property Insurance | -$178 | |
| HOA | -$67 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$220
|
||
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.
$295,000
PROJECTED PRICE
$2,310
PROJECTED RENT
0.78%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 2.6% |
| 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
$83,925
LOAN DETAILS
$1,025
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $73,750 |
| Loan Amount | $221,250 |
5.08
YEARS SAVED
$15,645
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,310
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$2,255
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
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28611 Wing Elm Drive Katy, TX 4
- 3 beds 2 baths ∙ 2,615 Sqft ∙ Built 2010 3 beds 2 baths ∙ 2,615 Sqft ∙ Built 2010
- Rent
- Rent Per SQFT
- $2,310
- $0.88
-
2822 Fair Chase Drive Katy, TX 1
- 4 beds 3 baths ∙ 2,439 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,439 Sqft ∙ Built 2009
LEASED 02/15/20- Rent
- Rent Per SQFT
- $2,100
- $0.86
-
2907 Fair Chase Drive Katy, TX 2
- 4 beds 3 baths ∙ 2,470 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,470 Sqft ∙ Built 2010
LEASED 05/26/20- Rent
- Rent Per SQFT
- $2,100
- $0.85
-
2918 Isla Gorge Court Katy, TX 3
- 4 beds 4 baths ∙ 2,600 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,600 Sqft ∙ Built 2015
LEASED 11/26/20- Rent
- Rent Per SQFT
- $2,200
- $0.85
-
28814 Pine Grove Court Katy, TX 5
- 4 beds 3 baths ∙ 2,706 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,706 Sqft ∙ Built 2012
LEASED 02/01/20- Rent
- Rent Per SQFT
- $2,395
- $0.89
PROPERTY LISTING DETAILS
1.713.851.4871
Re/max Signature
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 52652403
Last Updated: 01/14/2021
