Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2010
- Price/Sqft : $102.56
- 4 Days on Market
- MLS # : 74989515
- Updated Date : 01/22/2021 at 16:48
CONSTRUCTION
- Beds : 4
- Floor Size : 2,145 sqft
- Baths : 2 full
Listing Agent
Htx Living, Llc
Listing Agent's Description
Welcome to Raintree Village and your new home! This pristine single story 4 bedroom home offers great curb appeal and a beautifully manicured yard. Floorplan is an open concept with kitchen open to breakfast room and family room. Kitchen offers granite countertops, gas range, ample cabinet and counter space and a breakfast bar. Perfect layout for family meals or a quiet night cooking in. Primary retreat offers warmth and natural light with primary en suite bath with his/her vanity and whirlpool tub with separate shower. The split floorplan positions the spacious secondary bedrooms away from the primary for privacy. Large backyard with covered patio is perfect for family barbeque and enjoying the nights of Houston! The windows in the living room and the backdoor are Category 3 hurricane grade and have a lifetime warranty.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Raintree Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Raintree Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,690 |
| EXPENSES | Loan Payment | -$764 |
| Property Tax | -$530 | |
| Property Insurance | -$172 | |
| HOA | -$36 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$88
|
||
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
$1,690
PROJECTED RENT
0.77%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.94% |
| Appreciation Year (1-5) | 7.0% |
| 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
$64,050
LOAN DETAILS
$764
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $55,000 |
| Loan Amount | $165,000 |
3.58
YEARS SAVED
$7,211
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 -
$0.79
LIST RENT PER SQFT
-
$1,657
COMP ESTIMATED VALUE -
$0.77
COMP AVG. RENT PER SQFT
Comps Range
-
3226 Raintree Village Drive Katy, TX 4
- 4 beds 2 baths ∙ 2,145 Sqft ∙ Built 2010 4 beds 2 baths ∙ 2,145 Sqft ∙ Built 2010
![property image]()
- Rent
- Rent Per SQFT
- $1,690
- $0.79
-
20514 Cedar Rain Drive Katy, TX 1
- 3 beds 2 baths ∙ 2,159 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,159 Sqft ∙ Built 2005
![property image]()
LEASED 02/29/20- Rent
- Rent Per SQFT
- $1,650
- $0.76
-
3402 Rainshore Drive Katy, TX 2
- 3 beds 3 baths ∙ 2,187 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,187 Sqft ∙ Built 2003
![property image]()
LEASED 08/07/20- Rent
- Rent Per SQFT
- $1,650
- $0.75
-
3226 Rainhill Court Katy, TX 3
- 4 beds 2 baths ∙ 2,228 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,228 Sqft ∙ Built 2004
![property image]()
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,690
- $0.76
-
3503 Rainshore Drive Katy, TX 5
- 3 beds 3 baths ∙ 2,330 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,330 Sqft ∙ Built 2006
![property image]()
LEASED 08/26/20- Rent
- Rent Per SQFT
- $1,900
- $0.82
PROPERTY LISTING DETAILS
1.832.344.7300
Htx Living, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 74989515
Last Updated: 01/22/2021
