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327 Capriccio Lane Montgomery, TX 77316

4 Beds 3 Baths 2,731 sqft Built 2016

$359,000

List Price

$2,580

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $131.45
  • 2 Days on Market
  • MLS # : 76377573
  • Updated Date : 03/20/2021 at 22:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,731 sqft
  • Baths : 2 full , 1 half
Listing Agent

Rick Lamar Real Estate, Llc

Listing Agent's Description

Charming 2-Story former model home in the wooded community of Woodforest. This home welcomes you in with an inviting, brick front porch. Walk in to an open, light and bright layout with a beautiful big kitchen. Features include tile throughout the main area in an offset pattern, intricate tile backsplash in the kitchen, gorgeous granite, upper crown moulding, rich wood style laminate flooring in the owner's suite...just to name a few. The second story has a large game room and spacious secondary bedrooms...this layout has so much space. The Woodforest community has a resort style pool, lap pool, splash pad, many parks through out the community, walking and nature trails, and a variety of neighborhood activities. Recently added commercial space which includes Crust Pizza and Roasted Coffee Shop along with a vet, dentist, Harvest Market...so much more. You must tour this home to appreciate all it has to offer.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Woodforest

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $113k451k

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

Neighborhood: Woodforest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10722693

* 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
Lone Star Elementary School Primary Regular 867 48 8
Oak Hills Junior High School Middle Regular NA
Lake Creek High School High Regular NA

Lone Star Elementary School

  • Education Level: Primary
  • # of students: 867
  • # of teachers: 48
8
GreatSchools Rating

Oak Hills Junior High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Lake Creek High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$323,100$394,900$359,000

PURCHASE PRICE

$2,322$2,838$2,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,580
EXPENSES Loan Payment -$1,247
Property Tax -$659
Property Insurance -$185
HOA -$96
Property Management Fees -$99
CASH FLOW
$295

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.

$359,000

PROJECTED PRICE

$2,580

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 1.9%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$100,885

INVESTMENT

$100,885

Down Payment
$89,750
Rehab Estimate
$5,750
Closing Costs
$5,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,247

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,750
Loan Amount $269,250
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$25,295

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,580

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,417

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,4003$2,5004$2,5805$2,750
$2,750
RENT COMPS ANALYSIS
  • 327 Capriccio Lane Montgomery, TX 4
    • 4 beds 3 baths ∙ 2,731 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,731 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,580
    • $0.94
    •  
  • 275 Capriccio Lane Montgomery, TX 1
    • 3 beds 3 baths ∙ 2,456 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,456 Sqft ∙ Built 2018
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.86
    •  
  • 14141 Isle Royal Lane Conroe, TX 2
    • 4 beds 4 baths ∙ 2,718 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,718 Sqft ∙ Built 2016
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.88
    •  
  • 182 Jaxxon Pointe Drive Montgomery, TX 3
    • 4 beds 4 baths ∙ 2,790 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,790 Sqft ∙ Built 2013
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.90
    •  
  • 235 Capriccio Lane Montgomery, TX 5
    • 4 beds 4 baths ∙ 3,052 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,052 Sqft ∙ Built 2017
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.90
    •  
PROPERTY LISTING DETAILS
Heather Lamar
1.832.483.6407
Rick Lamar Real Estate, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 76377573
Last Updated: 03/20/2021
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