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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $123.25
- 3 Days on Market
- MLS # : 81001949
- Updated Date : 01/01/2021 at 18:16
CONSTRUCTION
- Beds : 4
- Floor Size : 1,785 sqft
- Baths : 2 full
Listing Agent
Threshold Realty, Llc
Listing Agent's Description
WELCOME HOME!! This beautiful 1 story w/ POOL has it all! Located in the Spring/Oak Ridge area and just under a 15 minute drive to The Woodlands Mall, Market Street & Waterway. This 4 bedroom home has a warm welcoming feel and features a spacious kitchen w/ granite counter tops as well as some updated stainless steel appliances. New privacy fence replaced in 2020. Fresh paint on exterior of home. The windows throughout the house really showoff the natural light. Cozy up by the brick fireplace during the cold seasons. All bedrooms have had carpet replaced in the last few years. Garage door, front and back door all replaced in 2020. Last but not least, THE POOL, the gorgeous in-ground pool, has a beautiful rock waterfall that creates such a peaceful view for you to enjoy everyday. The backyard has tons of room for outdoor furniture, plants, get togethers and more!! Come see me before I'm gone!! **Showings start 1/2/21 11am-4pm**
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: 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 | $1,810 |
| EXPENSES | Loan Payment | -$812 |
| Property Tax | -$488 | |
| Property Insurance | -$130 | |
| HOA | -$32 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$249
|
||
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.
$220,000
PROJECTED PRICE
$1,810
PROJECTED RENT
0.82%
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
$64,050
LOAN DETAILS
$812
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $55,000 |
| Loan Amount | $165,000 |
7.25
YEARS SAVED
$23,137
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,810
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$1,767
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
31302 Copperleaf Drive Spring, TX 5
- 4 beds 2 baths ∙ 1,785 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,785 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $1,810
- $1.01
-
1335 Chesterpoint Drive Spring, TX 1
- 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 1997
LEASED 03/24/20- Rent
- Rent Per SQFT
- $1,600
- $0.99
-
31182 N Head Drive Spring, TX 2
- 3 beds 2 baths ∙ 1,595 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,595 Sqft ∙ Built 1994
LEASED 12/28/20- Rent
- Rent Per SQFT
- $1,700
- $1.07
-
1330 Coppercrest Drive Spring, TX 3
- 4 beds 2 baths ∙ 1,823 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,823 Sqft ∙ Built 1997
LEASED 10/17/20- Rent
- Rent Per SQFT
- $1,795
- $0.98
-
31131 Perlican Drive Spring, TX 4
- 3 beds 2 baths ∙ 1,966 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,966 Sqft ∙ Built 1997
LEASED 09/21/20- Rent
- Rent Per SQFT
- $1,800
- $0.92
PROPERTY LISTING DETAILS
1.832.868.0834
Threshold Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 81001949
Last Updated: 01/01/2021
