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3614 Andrea Sophia Lane 
Pasadena, TX
77505
4 Beds 2 Baths 1,967 sqft
Built 2000
INVESTimate
$249,900
List Price
$71,974
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PROPERTY INFO
FACTS
- Built In 2000
- Price/Sqft : $127.05
- 2 Days on Market
- MLS # : 26739724
- Updated Date : 08/25/2020 at 16:40
CONSTRUCTION
- Beds : 4
- Floor Size : 1,967 sqft
- Baths : 2 full
Listing Agent
Discover Houston Realty
Listing Agent's Description
This beautiful one story Pasadena home sits in a quiet cul-de-sac on a corner lot. The original owners have taken great care of this home and the pride of ownership shows. Upon entry you are greeted by high ceilings with tile flooring in the formal dining and formal living rooms. The beautiful tile flooring continues into the large family family room and looks onto the breakfast area/kitchen and is perfect for entertaining. Granite countertops, extra large cabinets, and a gas range stove complete this cozy and quaint kitchen. The master bedroom is tucked in the back of the home and gives privacy away from the other 3 bedrooms. Check out the large backyard with a huge patio that is ready for those summer BBQ's!!! This home is conveniently located to Fairmont Parkway, Beltway 8, I-45 and is zoned to Deer Park ISD. Call and make your appointment to see this one today.
SEE MORE
- 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: Pasadena
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pasadena
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,870 |
| EXPENSES | Loan Payment | -$922 |
| Property Tax | -$606 | |
| Property Insurance | -$160 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$83
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.
$249,900
PROJECTED PRICE
$1,870
PROJECTED RENT
0.75%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.99% |
| Appreciation Year (1-5) | 8.58% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.01% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$71,974
LOAN DETAILS
$922
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $62,475 |
| Loan Amount | $187,425 |
4.17
YEARS SAVED
$11,805
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,870
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,878
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
3614 Andrea Sophia Lane Pasadena, TX 4
- 4 beds 2 baths ∙ 1,967 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,967 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $1,870
- $0.95
-
3615 Raindrops Road Pasadena, TX 1
- 3 beds 3 baths ∙ 1,928 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,928 Sqft ∙ Built 1981
LEASED 04/29/20- Rent
- Rent Per SQFT
- $1,700
- $0.88
-
4311 Winterborne Drive Pasadena, TX 2
- 4 beds 2 baths ∙ 1,793 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,793 Sqft ∙ Built 1986
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,800
- $1.00
-
6514 Coldstream Drive Pasadena, TX 3
- 3 beds 2 baths ∙ 2,070 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,070 Sqft ∙ Built 1985
LEASED 06/05/20- Rent
- Rent Per SQFT
- $1,850
- $0.89
-
4223 Maple Cross Drive Pasadena, TX 5
- 4 beds 2 baths ∙ 1,901 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,901 Sqft ∙ Built 1982
LEASED 05/18/20- Rent
- Rent Per SQFT
- $2,000
- $1.05
PROPERTY LISTING DETAILS
1.713.478.0021
Discover Houston Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 26739724
Last Updated: 08/25/2020
