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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $133.06
- 6 Days on Market
- MLS # : 97417149
- Updated Date : 01/13/2021 at 14:58
CONSTRUCTION
- Beds : 3
- Floor Size : 2,329 sqft
- Baths : 2 full , 1 half
Listing Agent
Savvy Way Realty, Inc.
Listing Agent's Description
This custom built home sits on a wooded cul-de-sac lot in the highly sought after community of Bentwater! Full renovation includes new engineered wood flooring, new carpet, new quartz counter tops, new floor tile, new tile in showers, tiled backsplash, new light fixtures, new plumbing fixtures and fresh paint inside and out. The kitchen is a chef’s dream with white cabinetry, stainless steel appliances, and island stove top. A stacked stone double sided fireplace is the focal point of the kitchen and breakfast room. The living room features two story vaulted ceilings and great views of the backyard. The spacious master retreat features a large bay window, tray ceilings, recessed lighting, crown molding and an ensuite master bathroom with his and her vanities, separate large soaking tub and walk in shower with frameless glass enclosure. The spacious secondary bedrooms are upstairs.
SEE MORE
- 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: Bentwater
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bentwater
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,140 |
| EXPENSES | Loan Payment | -$1,076 |
| Property Tax | -$601 | |
| Property Insurance | -$162 | |
| HOA | -$172 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$30
|
||
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.
$309,900
PROJECTED PRICE
$2,140
PROJECTED RENT
0.69%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 3.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.28% |
| 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
$87,874
LOAN DETAILS
$1,076
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $77,475 |
| Loan Amount | $232,425 |
2.42
YEARS SAVED
$5,436
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,140
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$2,131
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
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- 3 beds 3 baths ∙ 2,329 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,329 Sqft ∙ Built 2006
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- Rent
- Rent Per SQFT
- $2,140
- $0.92
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24 Amelia Court Montgomery, TX 1
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LEASED 08/10/20- Rent
- Rent Per SQFT
- $1,975
- $0.97
-
230 Ruskin Drive E Montgomery, TX 2
- 3 beds 3 baths ∙ 2,258 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,258 Sqft ∙ Built 2004
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LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,975
- $0.87
-
12 Marina Way Montgomery, TX 3
- 3 beds 3 baths ∙ 2,244 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,244 Sqft ∙ Built 2005
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LEASED 05/20/20- Rent
- Rent Per SQFT
- $2,000
- $0.89
-
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- 3 beds 2 baths ∙ 2,257 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,257 Sqft ∙ Built 1999
![property image]()
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,100
- $0.93
PROPERTY LISTING DETAILS
1.281.608.6053
Savvy Way Realty, Inc.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 97417149
Last Updated: 01/13/2021
