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3307 Timber View Drive Sugar Land, TX 77479

4 Beds 2 Baths 1,874 sqft Built 1982

$268,000

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $143.01
  • 2 Days on Market
  • MLS # : 7071729
  • Updated Date : 03/27/2021 at 15:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,874 sqft
  • Baths : 2 full
Listing Agent

Kingfay Inc

Listing Agent's Description

Well-maintained one-story home in the heart of Sugar land! Newly updated kitchen with new appliances; high ceiling in the living area; Lots of natural light in the master bathroom; New painting; Roof of 2020; Walking distance to Elementary school, Middle school, swimming pool and tennis court; Close to Asian super markets!

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: Settlers Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $113k352k

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

Neighborhood: Settlers Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10722179

* 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
Settlers Way Elementary School Primary Regular 770 51 8
First Colony Middle School Middle Regular 1,266 69 10
Clements High School High Regular 2,439 128 10

Settlers Way Elementary School

  • Education Level: Primary
  • # of students: 770
  • # of teachers: 51
8
GreatSchools Rating

First Colony Middle School

  • Education Level: Middle
  • # of students: 1,266
  • # of teachers: 69
10
GreatSchools Rating

Clements High School

  • Education Level: High
  • # of students: 2,439
  • # of teachers: 128
10
GreatSchools Rating
 

$241,200$294,800$268,000

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$931
Property Tax -$502
Property Insurance -$135
HOA -$40
Property Management Fees -$99
CASH FLOW
$73

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.

$268,000

PROJECTED PRICE

$1,780

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 6.4%
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$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$76,770

INVESTMENT

$76,770

Down Payment
$67,000
Rehab Estimate
$5,750
Closing Costs
$4,020

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$931

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,000
Loan Amount $201,000
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$8,541

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,771

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7803$1,8004$1,8505$1,900
$1,900
RENT COMPS ANALYSIS
  • 3307 Timber View Drive Sugar Land, TX 2
    • 4 beds 2 baths ∙ 1,874 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,874 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.95
    •  
  • 3303 Kempwood Drive Sugar Land, TX 1
    • 4 beds 2 baths ∙ 1,874 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,874 Sqft ∙ Built 1982
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.91
    •  
  • 3319 Green Fields Drive Sugar Land, TX 3
    • 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 1983
    LEASED 03/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.93
    •  
  • 3106 Pebble Lake Drive Sugar Land, TX 4
    • 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 1983
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.96
    •  
  • 3018 Mesquite Drive Sugar Land, TX 5
    • 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 1983
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.98
    •  
PROPERTY LISTING DETAILS
Fei Jin
1.832.277.6609
Kingfay Inc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 7071729
Last Updated: 03/27/2021
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