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3206 Shady Glen Lane Missouri City, TX 77459

3 Beds 3 Baths 2,158 sqft Built 1993

$225,000

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $104.26
  • 2 Days on Market
  • MLS # : 2204270
  • Updated Date : 01/09/2021 at 15:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,158 sqft
  • Baths : 2 full , 1 half
Listing Agent

Flash Realty Solutions

Listing Agent's Description

Beautifully updated home in Quail Park! This home has been fully updated on the interior, sits are an oversized lot. Enjoy the spacious back yard and patio. Call for your showing today!

SEE MORE

MARKET HIGHLIGHTS

  • 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: Quail Park Patio Homes

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Neighborhood: Quail Park Patio Homes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10132063

* 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
Quail Valley Elementary School Primary Regular 565 36 5
Quail Valley Middle School Middle Regular 1,273 59 7
Elkins High School High Regular 2,063 108 8

Quail Valley Elementary School

  • Education Level: Primary
  • # of students: 565
  • # of teachers: 36
5
GreatSchools Rating

Quail Valley Middle School

  • Education Level: Middle
  • # of students: 1,273
  • # of teachers: 59
7
GreatSchools Rating

Elkins High School

  • Education Level: High
  • # of students: 2,063
  • # of teachers: 108
8
GreatSchools Rating
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$782
Property Tax -$471
Property Insurance -$152
HOA -$35
Property Management Fees -$99
CASH FLOW
$162

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.

$225,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.76%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 3.0%
Maintenance Year (1-5) 8.00%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$782

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$12,763

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,721

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6753$1,6804$1,7005$1,700
$1,700
RENT COMPS ANALYSIS
  • 3206 Shady Glen Lane Missouri City, TX 5
    • 3 beds 3 baths ∙ 2,158 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,158 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.79
    •  
  • 2818 Quail Valley East Drive Missouri City, TX 1
    • 3 beds 3 baths ∙ 2,038 Sqft ∙ Built 1973 3 beds 3 baths ∙ 2,038 Sqft ∙ Built 1973
    property image
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.79
    •  
  • 3606 Covey Trail Drive Missouri City, TX 2
    • 4 beds 2 baths ∙ 1,992 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,992 Sqft ∙ Built 1976
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.84
    •  
  • 3327 Twelve Oaks Ln Missouri City, TX 3
    • 4 beds 3 baths ∙ 2,288 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,288 Sqft ∙ Built 1980
    property image
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.73
    •  
  • 3434 Havershire Drive Missouri City, TX 4
    • 3 beds 2 baths ∙ 2,051 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,051 Sqft ∙ Built 1980
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.83
    •  
PROPERTY LISTING DETAILS
Michael Kennedy
1.832.916.6884
Flash Realty Solutions
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 2204270
Last Updated: 01/09/2021
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