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314 Moonwalk Street Montgomery, TX 77356

3 Beds 3 Baths 2,052 sqft Built 2020

$264,000

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
SINGLE-FAMILY
March 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $128.65
  • 6 Days on Market
  • MLS # : 37477256
  • Updated Date : 03/27/2021 at 15:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,052 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Realty Partners

Listing Agent's Description

Don't miss this charming Home in Montgomery, located in Cape Conroe Subdivision and just minutes away from Lake Conroe recreation, restaurants, shopping, medical facilities! Built in 2020, under Builder's Warranty, in great condition, ready to move in! Home features covered back patio, large cedar fenced back yard, landscaped front yard, sprinkler system, seamless aluminum gutters, vinyl double paned insulated Low E windows, faux wood blinds, wood burning fire place! Kitchen boasts custom maple cabinetry with crown molding, island, granite countertops! Home prewired for alarm system! Enjoy the amenities of lakeside living including neighborhood pool, clubhouse, play area, boat ramp to Lake Conroe, BBQ grilling stations, picnic tables, walking track, & more. Primary Bedroom and Bath downstairs, double sinks in primary bath, bath and shower separate, spacious Walk-In Closet! 2 Bedrooms and Full Bath upstairs along with Game room. Schedule your tour and make an offer today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Cape Conroe

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $103k305k

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

Neighborhood: Cape Conroe

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800190020002100Rent in $8552163

* 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
Stewart Creek Elementary School Primary Regular 777 46 7
Montgomery Junior High School Middle Regular 1,276 74 7
Montgomery High School High Regular 2,362 153 7

Stewart Creek Elementary School

  • Education Level: Primary
  • # of students: 777
  • # of teachers: 46
7
GreatSchools Rating

Montgomery Junior High School

  • Education Level: Middle
  • # of students: 1,276
  • # of teachers: 74
7
GreatSchools Rating

Montgomery High School

  • Education Level: High
  • # of students: 2,362
  • # of teachers: 153
7
GreatSchools Rating
 

$237,600$290,400$264,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$917
Property Tax -$560
Property Insurance -$146
HOA -$18
Property Management Fees -$99
CASH FLOW
-$50

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$264,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.3%
Maintenance Year (1-5) 3.00%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,960

INVESTMENT

$71,960

Down Payment
$66,000
Rehab Estimate
$2,000
Closing Costs
$3,960

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$917

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,000
Loan Amount $198,000
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$2,560

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,719

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5253$1,6254$1,6905$1,700
$1,700
RENT COMPS ANALYSIS
  • 314 Moonwalk Street Montgomery, TX 4
    • 3 beds 3 baths ∙ 2,052 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,052 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.82
    •  
  • 306 Moonwalk Montgomery, TX 1
    • 4 beds 2 baths ∙ 1,743 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,743 Sqft ∙ Built 2003
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.83
    •  
  • 318 Lake View Drive Montgomery, TX 2
    • 3 beds 2 baths ∙ 1,818 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,818 Sqft ∙ Built 2015
    LEASED 10/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.84
    •  
  • 18507 Sunrise Pines Drive Montgomery, TX 3
    • 4 beds 3 baths ∙ 2,007 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,007 Sqft ∙ Built 2004
    LEASED 03/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.81
    •  
  • 250 Fantasy Lane Montgomery, TX 5
    • 3 beds 2 baths ∙ 1,960 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,960 Sqft ∙ Built 2015
    LEASED 02/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.87
    •  
PROPERTY LISTING DETAILS
Mila Johnson
1.713.705.3156
Century 21 Realty Partners
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 37477256
Last Updated: 03/27/2021
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