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31 Powers Bend Way 
The Woodlands, TX
77382
3 Beds 2 Baths 1,590 sqft
Built 2008
INVESTimate
$247,500
List Price
$71,338
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 2008
- Price/Sqft : $155.66
- 2 Days on Market
- MLS # : 62244054
- Updated Date : 08/25/2020 at 20:16
CONSTRUCTION
- Beds : 3
- Floor Size : 1,590 sqft
- Baths : 2 full
Listing Agent
The Woodlands Realty
Listing Agent's Description
Awesome and immaculate single story home with fresh interior paint and brand new carpet (both August 2020). Light & Bright floor plan on corner lot w/lush landscaping with many upgrades. Seller added a massive 21' X 14' covered patio affording great use of backyard for family and entertaining. Features include: Plantation shutters & blinds, Extensive upgraded 18" tile throughout the home along with impressive crown molding. Kitchen features include beautiful granite countertops w/tumbled marble back-splash, stainless steel appliances and upgraded cabinets. Kitchen is open to the spacious family room with high ceilings and corner fireplace and a bank of windows to the massive covered back porch. Large master bedroom has an elegant master bath. Two secondary bedrooms with high ceilings feature impressive windows with plantation shutters and a guest bathroom. Recent garage door and garage door opener within the ally loaded garage in rear of home. This one you will like.
SEE MORE
- 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: Sterling Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sterling Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,670 |
| EXPENSES | Loan Payment | -$913 |
| Property Tax | -$486 | |
| Property Insurance | -$119 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$53
|
||
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.
$247,500
PROJECTED PRICE
$1,670
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 2.46% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.28% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$71,338
LOAN DETAILS
$913
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $61,875 |
| Loan Amount | $185,625 |
3.58
YEARS SAVED
$9,242
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,670
LIST RENT -
$1.05
LIST RENT PER SQFT
-
$1,745
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
-
31 Powers Bend Way The Woodlands, TX 1
- 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 2008
- Rent
- Rent Per SQFT
- $1,670
- $1.05
-
114 W Montfair Boulevard The Woodlands, TX 2
- 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 2008
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,675
- $1.05
-
18 Powers Bend Way The Woodlands, TX 3
- 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 2008
LEASED 12/19/19- Rent
- Rent Per SQFT
- $1,795
- $1.13
-
82 W Montfair Boulevard The Woodlands, TX 4
- 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 2008
LEASED 10/14/19- Rent
- Rent Per SQFT
- $1,850
- $1.16
-
83 Bryce Branch Circle The Woodlands, TX 5
- 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 2006
LEASED 08/01/19- Rent
- Rent Per SQFT
- $1,950
- $1.05
PROPERTY LISTING DETAILS
1.832.541.5923
The Woodlands Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 62244054
Last Updated: 08/25/2020
