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3311 S Sutton Square Stafford, TX 77477

4 Beds 3 Baths 2,183 sqft Built 1982

$299,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $136.97
  • 5 Days on Market
  • MLS # : 19871231
  • Updated Date : 12/30/2020 at 22:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,183 sqft
  • Baths : 2 full , 1 half
Listing Agent

United Real Estate

Listing Agent's Description

This completely remodeled open concept home in the highly sought after Sugar Creek neighborhood is filled with natural light and high ceilings. It features 4 bedrooms and 2 1/2 baths with the master on the first floor. This house sits on a corner lot with a HUGE backyard. The kitchen has been brought to life with new granite countertops, custom backsplash, new cabinetry, new GE stainless steel appliances and more! The master retreat has a breathtaking walk in shower and fully remodeled bathroom. Other updates include - lifetime transferable foundation repair warranty, new flooring (No Carpet!), new light fixtures, custom iron hand railings, interior paint, and so much more. Check out the virtual 3D tour and don't wait to schedule 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: Sugar Creek

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $105k423k

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

Neighborhood: Sugar Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10302355

* 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
Stafford Intermediate School Primary Regular 505 29 6
Stafford Intermediate School Middle Regular 505 29 6
Stafford High School High Regular 1,001 68 3

Stafford Intermediate School

  • Education Level: Primary
  • # of students: 505
  • # of teachers: 29
6
GreatSchools Rating

Stafford Intermediate School

  • Education Level: Middle
  • # of students: 505
  • # of teachers: 29
6
GreatSchools Rating

Stafford High School

  • Education Level: High
  • # of students: 1,001
  • # of teachers: 68
3
GreatSchools Rating
 

$269,100$328,900$299,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,103
Property Tax -$524
Property Insurance -$153
HOA -$39
Property Management Fees -$99
CASH FLOW
$82

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.

$299,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 6.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,103

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$12,709

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,981

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8703$2,0004$2,2005$2,325
$2,325
RENT COMPS ANALYSIS
  • 3311 S Sutton Square Stafford, TX 3
    • 4 beds 3 baths ∙ 2,183 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,183 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.92
    •  
  • 3010 Montford Court Sugar Land, TX 1
    • 3 beds 2 baths ∙ 2,072 Sqft ∙ Built 1972 3 beds 2 baths ∙ 2,072 Sqft ∙ Built 1972
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.84
    •  
  • 2903 Country Club Boulevard Sugar Land, TX 2
    • 3 beds 2 baths ∙ 1,973 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,973 Sqft ∙ Built 1982
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.95
    •  
  • 814 Brunswick Drive Sugar Land, TX 4
    • 4 beds 2 baths ∙ 2,406 Sqft ∙ Built 1972 4 beds 2 baths ∙ 2,406 Sqft ∙ Built 1972
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.91
    •  
  • 51 Bendwood Drive Sugar Land, TX 5
    • 3 beds 2 baths ∙ 2,488 Sqft ∙ Built 1972 3 beds 2 baths ∙ 2,488 Sqft ∙ Built 1972
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,325
    • $0.93
    •  
PROPERTY LISTING DETAILS
Garrett Brown
1.832.308.8881
United Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 19871231
Last Updated: 12/30/2020
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