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PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $112.00
- 4 Days on Market
- MLS # : 38148114
- Updated Date : 01/09/2021 at 14:12
CONSTRUCTION
- Beds : 3
- Floor Size : 1,202 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
Calling all BUYERS and INVESTORS! Don't miss this steal in a your favorite part of Katy zoned to Golbow Elementary, Mc Donald Junior High and Paetow Highschool! This can be a great rental, flip, OR 1st time home with a little bit of work. It already has new paint, new wood flooring, baseboards, new interior doors, a new garage door AND THE ROOF IS ONLY 4 years old. There is also a hidden little gem with an extra 500 SQ ft of space that could be used for a game room, another bedroom or a massive amount of storage space. YOU GOTTA SEE THIS! It's a MUST SEE.....No showings will be scheduled - IT WILL BE OPEN SATURDAY 11am to 3 pm. DON'T miss it. Room dimensions to be verified by buyers.
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: Westland Creek Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Westland Creek Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,390 |
| EXPENSES | Loan Payment | -$468 |
| Property Tax | -$360 | |
| Property Insurance | -$108 | |
| HOA | -$36 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$319
|
||
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.
$134,624
PROJECTED PRICE
$1,390
PROJECTED RENT
1.03%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.94% |
| Appreciation Year (1-5) | 5.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.80% |
| 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
$41,425
LOAN DETAILS
$468
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $33,656 |
| Loan Amount | $100,968 |
12.25
YEARS SAVED
$26,106
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,390
LIST RENT -
$1.16
LIST RENT PER SQFT
-
$1,226
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
3202 Rocky Crest Drive Katy, TX 3
- 3 beds 2 baths ∙ 1,202 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,202 Sqft ∙ Built 1983
![property image]()
- Rent
- Rent Per SQFT
- $1,390
- $1.16
-
22039 Pearl Lake Drive Katy, TX 1
- 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 1981
![property image]()
LEASED 10/08/20- Rent
- Rent Per SQFT
- $1,350
- $0.98
-
21510 Bowcreek Lane Katy, TX 2
- 3 beds 3 baths ∙ 1,402 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,402 Sqft ∙ Built 2001
![property image]()
LEASED 06/20/20- Rent
- Rent Per SQFT
- $1,350
- $0.96
-
22107 Glenburn Manor Lane Katy, TX 4
- 3 beds 2 baths ∙ 1,327 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,327 Sqft ∙ Built 1983
![property image]()
LEASED 02/07/20- Rent
- Rent Per SQFT
- $1,400
- $1.06
-
22515 Townhall Court Katy, TX 5
- 3 beds 2 baths ∙ 1,388 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,388 Sqft ∙ Built 1994
![property image]()
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,500
- $1.08
PROPERTY LISTING DETAILS
1.832.884.4457
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 38148114
Last Updated: 01/09/2021
