Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3 S Greenbud Court The Woodlands, TX 77380

3 Beds 2 Baths 1,333 sqft Built 1982

$200,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $150.04
  • 7 Days on Market
  • MLS # : 59984122
  • Updated Date : 02/12/2021 at 16:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,333 sqft
  • Baths : 2 full
Listing Agent

Pam's Home Team

Listing Agent's Description

Adorable 3/2/2 completely re-done and move in ready! LVP Wood Flooring in Family Room & Halls, Fresh Carpet & Paint throughout. Lots of Updates in both the Kitchen & Bathrooms, HUGE LOT with lots of trees in this family friendly neighborhood close to everything! WON'T BE ON THE MARKET 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: Grogan's Mill

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $113k402k

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

Neighborhood: Grogan's Mill

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10722353

* 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
Sam Hailey Elementary School Primary Regular 720 42 6
Knox Junior High School Middle Regular 1,252 71 9
The Woodlands College Park High School High Regular 2,794 161 9

Sam Hailey Elementary School

  • Education Level: Primary
  • # of students: 720
  • # of teachers: 42
6
GreatSchools Rating

Knox Junior High School

  • Education Level: Middle
  • # of students: 1,252
  • # of teachers: 71
9
GreatSchools Rating

The Woodlands College Park High School

  • Education Level: High
  • # of students: 2,794
  • # of teachers: 161
9
GreatSchools Rating
 

$180,000$220,000$200,000

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$695
Property Tax -$392
Property Insurance -$104
Property Management Fees -$99
CASH FLOW
$150

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.

$200,000

PROJECTED PRICE

$1,440

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,750

INVESTMENT

$58,750

Down Payment
$50,000
Rehab Estimate
$5,750
Closing Costs
$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$695

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $50,000
Loan Amount $150,000
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$13,206

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,530

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$1,440
1$1,4402$1,5753$1,6004$1,6505$1,790
$1,790
RENT COMPS ANALYSIS
  • 3 S Greenbud Court The Woodlands, TX 1
    • 3 beds 2 baths ∙ 1,333 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,333 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $1.08
    •  
  • 30 Camberwell Court The Woodlands, TX 2
    • 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1983
    LEASED 01/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.12
    •  
  • 82 W High Oaks Circle The Woodlands, TX 3
    • 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1986
    LEASED 12/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.14
    •  
  • 39 N Rain Forest Court The Woodlands, TX 4
    • 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 1982
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.14
    •  
  • 47 Country Forest Court The Woodlands, TX 5
    • 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 1982
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $1.19
    •  
PROPERTY LISTING DETAILS
Pamela Harris
1.832.326.4374
Pam's Home Team
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 59984122
Last Updated: 02/12/2021
BESbswy