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PROPERTY INFO
FACTS
- Single Family
- Built In 2011
- Price/Sqft : $107.95
- 3 Days on Market
- MLS # : 27179703
- Updated Date : 02/06/2021 at 14:33
CONSTRUCTION
- Beds : 3
- Floor Size : 2,038 sqft
- Baths : 2 full
Listing Agent
Connect Realty
Listing Agent's Description
Well maintained home close to everything. Easy access to the Hardy Toll Road and Interstate 45 and 99 very close to the New ExxonMobil Campus. You don't have to do much in this house. Just to move in. The amenities in the community consist of a swimming pool, three parks, and landscape reserves. This is an awesome location for anyone wanting to live in The Woodlands Area. The study could be converted to a 4th bedroom. Casa bien mantenida cerca de todo. Fácil acceso a Hardy Toll Road y a las carreteras interestatales 45 y 99. Cerca del nuevo campus de ExxonMobil. No tienes que hacer mucho en esta casa. Solo mudarse. Las comodidades de la comunidad consisten en una piscina, tres parques y reservas paisajísticas. Esta es una ubicación increíble para quienes deseen vivir en The Woodlands Area. El estudio se podría convertir en un cuarto dormitorio.
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: Legends Run
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Legends Run
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,750 |
| EXPENSES | Loan Payment | -$764 |
| Property Tax | -$558 | |
| Property Insurance | -$145 | |
| HOA | -$38 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$147
|
||
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.
$220,000
PROJECTED PRICE
$1,750
PROJECTED RENT
0.80%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 5.4% |
| 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
$64,050
LOAN DETAILS
$764
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $55,000 |
| Loan Amount | $165,000 |
4.58
YEARS SAVED
$10,089
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,750
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$1,671
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
29334 Legends Meade Drive Spring, TX 5
- 3 beds 2 baths ∙ 2,038 Sqft ∙ Built 2011 3 beds 2 baths ∙ 2,038 Sqft ∙ Built 2011
- Rent
- Rent Per SQFT
- $1,750
- $0.86
-
29214 Legends Valley Drive Spring, TX 1
- 3 beds 2 baths ∙ 1,862 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,862 Sqft ∙ Built 2008
LEASED 02/07/20- Rent
- Rent Per SQFT
- $1,600
- $0.86
-
29419 Fox River Drive Spring, TX 2
- 3 beds 3 baths ∙ 2,081 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,081 Sqft ∙ Built 2002
LEASED 10/28/20- Rent
- Rent Per SQFT
- $1,600
- $0.77
-
3034 E Legends Bend Drive Spring, TX 3
- 3 beds 3 baths ∙ 1,848 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,848 Sqft ∙ Built 2003
LEASED 12/17/20- Rent
- Rent Per SQFT
- $1,600
- $0.87
-
2707 Fox View Circle Spring, TX 4
- 4 beds 3 baths ∙ 2,190 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,190 Sqft ∙ Built 1998
LEASED 11/01/20- Rent
- Rent Per SQFT
- $1,700
- $0.78
PROPERTY LISTING DETAILS
1.713.409.0918
Connect Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 27179703
Last Updated: 02/06/2021
