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PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $115.27
- 3 Days on Market
- MLS # : 78094678
- Updated Date : 11/28/2020 at 08:13
CONSTRUCTION
- Beds : 3
- Floor Size : 2,056 sqft
- Baths : 2 full
Listing Agent
Cb & A, Realtors
Listing Agent's Description
Welcome Home!!! Single story in sought after Imperial Oaks. This 3 bedroom home features 2 full baths, separate shower/ jetted tub in owners retreat, a study with french doors, w/closet (could be 4th bedroom). Home sits on a oversized lot, with a covered back porch. Entire roof was replaced 11/2020, new carpet in bedrooms, as well as lush landscaping in front yard. Home is within walking distance to Kaufman Elementary. Close proximity to The Woodlands Mall, 1-45, and the Grand Parkway.
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: Imperial Oaks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Imperial Oaks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,770 |
| EXPENSES | Loan Payment | -$874 |
| Property Tax | -$555 | |
| Property Insurance | -$146 | |
| HOA | -$42 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$54
|
||
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.
$237,000
PROJECTED PRICE
$1,770
PROJECTED RENT
0.75%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 3.5% |
| 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
$68,555
LOAN DETAILS
$874
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $59,250 |
| Loan Amount | $177,750 |
3
YEARS SAVED
$6,783
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,770
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$1,866
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
3011 Crescent Oaks Park Lane Spring, TX 2
- 3 beds 2 baths ∙ 2,056 Sqft ∙ Built 2008 3 beds 2 baths ∙ 2,056 Sqft ∙ Built 2008
- Rent
- Rent Per SQFT
- $1,770
- $0.86
-
3023 Crescent Oaks Park Lane Spring, TX 1
- 3 beds 2 baths ∙ 1,975 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,975 Sqft ∙ Built 2011
LEASED 10/19/20- Rent
- Rent Per SQFT
- $1,695
- $0.86
-
2926 Bright Sky Court Spring, TX 3
- 3 beds 2 baths ∙ 1,937 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,937 Sqft ∙ Built 2007
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,795
- $0.93
-
3223 Clover Trace Drive Spring, TX 4
- 3 beds 2 baths ∙ 2,070 Sqft ∙ Built 2011 3 beds 2 baths ∙ 2,070 Sqft ∙ Built 2011
LEASED 03/13/20- Rent
- Rent Per SQFT
- $1,925
- $0.93
-
31031 Imperial Walk Lane Spring, TX 5
- 4 beds 2 baths ∙ 2,202 Sqft ∙ Built 2010 4 beds 2 baths ∙ 2,202 Sqft ∙ Built 2010
LEASED 10/07/20- Rent
- Rent Per SQFT
- $2,000
- $0.91
PROPERTY LISTING DETAILS
1.832.453.1976
Cb & A, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 78094678
Last Updated: 11/28/2020
