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

3318 Brackenfern Road Katy, TX 77449

4 Beds 2 Baths 1,806 sqft Built 2003

$185,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $102.44
  • 6 Days on Market
  • MLS # : 84266232
  • Updated Date : 02/09/2021 at 19:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,806 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Premier Realty

Listing Agent's Description

Exceptional 1-story DR Horton home with 4 bedrooms, 2 bathroom and an attached 2 car garage in the established neighborhood of Westfield in Katy, TX. A+ curb appeal w/ traditional brick elevation, mature trees and sparkling double pane windows. This open concept floor plan offers a soft neutral paint color, high ceilings, plush carpet & laminate floors. Large kitchen with solid cherry wood cabinets, breakfast bar, gas range stove & refrigerator INCLUDED. Huge family room w/ high ceilings & cozy gas fireplace. Primary suite w/ high ceilings, large walk-in closet & overlooks the private backyard (NO BACK NEIGHBORS). Gorgeous en-suite primary bath with walk-in shower & large garden tub. 3 spacious guest rooms; 1 with French doors could be used as home study. Oversized backyard w/ recent fencing & in-ground sprinkler system. KISD Schools- McRoberts Elem/ Cardiff JH/Mayde Creek HS. Ideally located near I-10, Beltway & Energy Corridor. Home being sold AS-IS.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Houston metro employment growth is at 1.8% and predicted to grow to 2.7% in 2019-20 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Westfield

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Neighborhood: Westfield

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8732063

* 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
Mcroberts Elementary School Primary Regular 817 65 8
Cardiff Junior High School Middle Regular 963 78 6
Mayde Creek High School High Regular 2,755 158 7

Mcroberts Elementary School

  • Education Level: Primary
  • # of students: 817
  • # of teachers: 65
8
GreatSchools Rating

Cardiff Junior High School

  • Education Level: Middle
  • # of students: 963
  • # of teachers: 78
6
GreatSchools Rating

Mayde Creek High School

  • Education Level: High
  • # of students: 2,755
  • # of teachers: 158
7
GreatSchools Rating
 

$166,500$203,500$185,000

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$643
Property Tax -$483
Property Insurance -$149
HOA -$33
Property Management Fees -$99
CASH FLOW
$144

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.

$185,000

PROJECTED PRICE

$1,550

PROJECTED RENT

0.84%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 7.7%
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$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$54,775

INVESTMENT

$54,775

Down Payment
$46,250
Rehab Estimate
$5,750
Closing Costs
$2,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$643

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $46,250
Loan Amount $138,750
See What Happens When You Reinvest Cash Flow

4.75

YEARS SAVED

$9,233

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,580

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5753$1,5904$1,6005$1,650
$1,650
RENT COMPS ANALYSIS
  • 3318 Brackenfern Road Katy, TX 1
    • 4 beds 2 baths ∙ 1,806 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,806 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.86
    •  
  • 3426 Brackenfern Road Katy, TX 2
    • 3 beds 2 baths ∙ 1,828 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,828 Sqft ∙ Built 2003
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.86
    •  
  • 19323 Bristlestar Drive Katy, TX 3
    • 3 beds 2 baths ∙ 1,835 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,835 Sqft ∙ Built 1990
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.87
    •  
  • 3603 Bristleleaf Dr Katy, TX 4
    • 4 beds 2 baths ∙ 1,790 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,790 Sqft ∙ Built 2000
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.89
    •  
  • 3206 Windmoor Drive Katy, TX 5
    • 3 beds 2 baths ∙ 1,869 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,869 Sqft ∙ Built 1983
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.88
    •  
PROPERTY LISTING DETAILS
Candice Cross Huddle
1.281.220.2100
Keller Williams Premier Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 84266232
Last Updated: 02/09/2021
BESbswy