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3554 Beacons View Friendswood, TX 77546

4 Beds 2 Baths 2,168 sqft Built 1999

$255,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $117.62
  • 3 Days on Market
  • MLS # : 35068673
  • Updated Date : 11/21/2020 at 13:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,168 sqft
  • Baths : 2 full
Listing Agent

Property Sales& Management Llc

Listing Agent's Description

Gorgeous 4-bedroom home is on corner lot in desirable neighborhood. This one-story home floor plan offers an open layout with tile and wood, and a lot of natural light. Beautiful Plantation Faux Wood Interior Shutter through out the house. Generous backyard for family activities with built-in covered patio, outdoor kitchen. Recent improvement: Four year old AC. Two years old water heater. Two years old water softener. Dinning room, kitchen, living room, master bathroom have dim lights. Engineered wood flooring. Kitchen marble. Brick flooring in backyard. Brand new roof installed in Nov 2020. Elementary school's bus stop is only a few steps away. Quick and easy access to 45 South & beltway 8. Ready to move-in! Did not flood during Harvey!

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: Heritage Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Neighborhood: Heritage Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10102091

* 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
Greene Elementary School Primary Regular 744 44 7
Brookside Intermediate School Middle Regular 802 51 5
Clear Brook High School High Regular 2,335 153 7

Greene Elementary School

  • Education Level: Primary
  • # of students: 744
  • # of teachers: 44
7
GreatSchools Rating

Brookside Intermediate School

  • Education Level: Middle
  • # of students: 802
  • # of teachers: 51
5
GreatSchools Rating

Clear Brook High School

  • Education Level: High
  • # of students: 2,335
  • # of teachers: 153
7
GreatSchools Rating
 

$229,500$280,500$255,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$941
Property Tax -$517
Property Insurance -$174
HOA -$28
Property Management Fees -$99
CASH FLOW
$101

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.

$255,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 7.4%
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$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$941

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$11,372

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,843

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8603$1,8754$1,9005$1,900
$1,900
RENT COMPS ANALYSIS
  • 3554 Beacons View Friendswood, TX 2
    • 4 beds 2 baths ∙ 2,168 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,168 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.86
    •  
  • 4722 Silver Spruce Lane Friendswood, TX 1
    • 3 beds 2 baths ∙ 2,004 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,004 Sqft ∙ Built 2004
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.90
    •  
  • 16819 Bending Creek Lane Friendswood, TX 3
    • 3 beds 2 baths ∙ 2,348 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,348 Sqft ∙ Built 2004
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.80
    •  
  • 2626 Port Carissa Drive Friendswood, TX 4
    • 4 beds 3 baths ∙ 2,314 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,314 Sqft ∙ Built 1996
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.82
    •  
  • 16818 Anchor Park Friendswood, TX 5
    • 4 beds 2 baths ∙ 2,167 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,167 Sqft ∙ Built 2000
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.88
    •  
PROPERTY LISTING DETAILS
Linh Dang
1.832.221.0356
Property Sales& Management Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 35068673
Last Updated: 11/21/2020
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