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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $122.37
- 4 Days on Market
- MLS # : 46310355
- Updated Date : 01/14/2021 at 22:40
CONSTRUCTION
- Beds : 3
- Floor Size : 1,708 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Northwest, Realtors
Listing Agent's Description
Beautiful 2-Story home in the well established Legends Run community. Spacious living area and great for entertaining. A large Kitchen with plenty of cabinets and also open to the living area. Upstairs includes a large Master Suite with a large walk-in closet. Two secondary bedrooms, and gameroom to tie it all together. Several recent updates including the water heater, HVAC, dishwasher, and oven. Zoned to A-Rated Conroe ISD schools. Easy access to The Woodlands Mall, Exxon campus, shopping, dining, parks and recreation, I-45 and the Grand Parkway. This home has it all and not expected to last long!
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
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 | $1,620 |
| EXPENSES | Loan Payment | -$726 |
| Property Tax | -$525 | |
| Property Insurance | -$126 | |
| HOA | -$35 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$109
|
||
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.
$209,000
PROJECTED PRICE
$1,620
PROJECTED RENT
0.78%
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
$61,135
LOAN DETAILS
$726
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $52,250 |
| Loan Amount | $156,750 |
4.17
YEARS SAVED
$7,845
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,620
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,635
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
29426 Legends Green Drive Spring, TX 4
- 3 beds 3 baths ∙ 1,708 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,708 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $1,620
- $0.95
-
29338 Legends Green Drive Spring, TX 1
- 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 2007
LEASED 03/13/20- Rent
- Rent Per SQFT
- $1,450
- $0.92
-
3210 Legends Hill Court Spring, TX 2
- 3 beds 2 baths ∙ 1,563 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,563 Sqft ∙ Built 2005
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,495
- $0.96
-
29602 Legends Bluff Drive Spring, TX 3
- 4 beds 2 baths ∙ 1,645 Sqft ∙ Built 2010 4 beds 2 baths ∙ 1,645 Sqft ∙ Built 2010
LEASED 08/15/20- Rent
- Rent Per SQFT
- $1,600
- $0.97
-
29327 Legends Green Drive Spring, TX 5
- 3 beds 2 baths ∙ 1,686 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,686 Sqft ∙ Built 2010
LEASED 11/04/20- Rent
- Rent Per SQFT
- $1,655
- $0.98
PROPERTY LISTING DETAILS
1.832.444.8541
Re/max Northwest, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 46310355
Last Updated: 01/14/2021
