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29143 Crested Butte Drive 
Katy, TX
77494
4 Beds 4 Baths 2,863 sqft
Built 2014
INVESTimate
$299,999
List Price
$85,250
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PROPERTY INFO
FACTS
- Built In 2014
- Price/Sqft : $104.78
- 2 Days on Market
- MLS # : 32896601
- Updated Date : 08/25/2020 at 17:20
CONSTRUCTION
- Beds : 4
- Floor Size : 2,863 sqft
- Baths : 3 full , 1 half
Listing Agent
Century 21 Western Realty
Listing Agent's Description
Beautiful 2 Story Home located in the Master Planned Community of Firethorne and walking distance to the neighborhood Elementary School. This 4 bed/3.5 bath home has a gorgeous eat-in kitchen with lots cabinets and storage space. The family room is open to the kitchen and has a lot of windows that give great natural lighting. In the front of the home when you walk in there is a formal dining room which could also be used as a study. Upstairs is a large game room which is great for a playroom, TV room or exercise room. The backyard has a nice covered patio which is a great space to enjoy the evening and relax after a long day. This home will not last long so hurry and book your private showing!
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
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
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,330 |
| EXPENSES | Loan Payment | -$1,107 |
| Property Tax | -$733 | |
| Property Insurance | -$192 | |
| HOA | -$67 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$133
|
||
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.
$299,999
PROJECTED PRICE
$2,330
PROJECTED RENT
0.78%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 2.58% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.28% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$85,250
LOAN DETAILS
$1,107
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $75,000 |
| Loan Amount | $224,999 |
3.67
YEARS SAVED
$12,062
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,330
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$2,298
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
29143 Crested Butte Drive Katy, TX 4
- 4 beds 4 baths ∙ 2,863 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,863 Sqft ∙ Built 2014
- Rent
- Rent Per SQFT
- $2,330
- $0.81
-
29114 Bentford Manor Court Katy, TX 1
- 3 beds 3 baths ∙ 2,800 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,800 Sqft ∙ Built 2014
LEASED 07/02/20- Rent
- Rent Per SQFT
- $2,100
- $0.75
-
29131 Erica Lee Court Katy, TX 2
- 4 beds 4 baths ∙ 2,843 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,843 Sqft ∙ Built 2014
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,285
- $0.80
-
2830 Mcdonough Way Katy, TX 3
- 3 beds 3 baths ∙ 2,776 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,776 Sqft ∙ Built 2013
LEASED 06/24/20- Rent
- Rent Per SQFT
- $2,295
- $0.83
-
29203 Erica Lee Court Katy, TX 5
- 4 beds 3 baths ∙ 3,015 Sqft ∙ Built 2015 4 beds 3 baths ∙ 3,015 Sqft ∙ Built 2015
LEASED 04/17/20- Rent
- Rent Per SQFT
- $2,500
- $0.83
PROPERTY LISTING DETAILS
1.713.373.7471
Century 21 Western Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 32896601
Last Updated: 08/25/2020
