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300 Capriccio Lane Montgomery, TX 77316

4 Beds 3 Baths 2,343 sqft Built 2018

$339,000

List Price

$2,440

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $144.69
  • 3 Days on Market
  • MLS # : 42620536
  • Updated Date : 02/06/2021 at 17:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,343 sqft
  • Baths : 3 full
Listing Agent

Walzel Properties

Listing Agent's Description

Lovely Single-story, 4 bedrooms, 3 full bathrooms, Over-sized Corner Lot w/ 3 car garage! Lot is almost 12,000 sq ft! Large family room open to kitchen, breakfast area, and formal dining room. Utility room with room for freezer. Private primary suite, primary bath with separate vanities, shower with seat, separate bath tub and his-and-hers walk-in closets. Flex room can serve as additional bedroom w/ adjacent bathroom. Oversize covered side patio. Home Includes Stainless Steel Appliances, 42” Cabinets, wood tile flooring, high ceilings, gas log fireplace, you don't want to miss out on this one! Zoned to MISD! Awesome Amenities include Woodforest Golf club, Stampede Sportsplex, Tennis & Aquatics center & multiple parks & trails!

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MARKET HIGHLIGHTS

  • 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: Woodforest

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $113k451k

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

Neighborhood: Woodforest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10722693

* 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
Lone Star Elementary School Primary Regular 867 48 8
Oak Hills Junior High School Middle Unknown NA
Lake Creek High School High Unknown NA

Lone Star Elementary School

  • Education Level: Primary
  • # of students: 867
  • # of teachers: 48
8
GreatSchools Rating

Oak Hills Junior High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Lake Creek High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$305,100$372,900$339,000

PURCHASE PRICE

$2,196$2,684$2,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,440
EXPENSES Loan Payment -$1,177
Property Tax -$742
Property Insurance -$162
HOA -$96
Property Management Fees -$99
CASH FLOW
$163

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.

$339,000

PROJECTED PRICE

$2,440

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 1.9%
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$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,585

INVESTMENT

$95,585

Down Payment
$84,750
Rehab Estimate
$5,750
Closing Costs
$5,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,177

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,750
Loan Amount $254,250
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$13,351

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,440

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $2,419

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,190
1$2,1902$2,2003$2,3954$2,4005$2,440
$2,440
RENT COMPS ANALYSIS
  • 300 Capriccio Lane Montgomery, TX 5
    • 4 beds 3 baths ∙ 2,343 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,343 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,440
    • $1.04
    •  
  • 180 Cherry Oak Lane Montgomery, TX 1
    • 3 beds 3 baths ∙ 2,350 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,350 Sqft ∙ Built 2014
    property image
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $0.93
    •  
  • 14381 Whitetop Peak Court Conroe, TX 2
    • 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 2018
    property image
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.08
    •  
  • 156 Buckeye Drive Montgomery, TX 3
    • 4 beds 3 baths ∙ 2,188 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,188 Sqft ∙ Built 2018
    property image
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.09
    •  
  • 107 Cadence Court Montgomery, TX 4
    • 4 beds 3 baths ∙ 2,334 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,334 Sqft ∙ Built 2016
    property image
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.03
    •  
PROPERTY LISTING DETAILS
Amy Moss
1.281.660.0039
Walzel Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 42620536
Last Updated: 02/06/2021
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