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3614 Stratford Arms Lane Sugar Land, TX 77498

4 Beds 3 Baths 2,784 sqft Built 1998

$279,900

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $100.54
  • 3 Days on Market
  • MLS # : 80907857
  • Updated Date : 12/26/2020 at 10:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,784 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Premier Realty

Listing Agent's Description

Established neighborhood home on a cul de sac street! Conveniently located two story brick home located near Hwy 90 and Hwy 99 just a few miles away from Hwy 59 and FM 1093! Walk through the front door into a beautiful two story foyer framed by a large window. Tiled floors extend into the HUGE living/dining/entertaining space across from the wooden staircase and throughout the house. The open kitchen / den overlooks the backyard with a large budding fig tree and concrete patio. Granite countertops, white cabinets, under cabinet lighting, and walk in pantry are just a few of the great features in this kitchen. Come check it out today!

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: Stratford Park Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $113k352k

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

Neighborhood: Stratford Park Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10722179

* 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
Lakeview Elementary School Primary Regular 514 37 6
Garcia Middle School Middle Regular 1,276 66 9
Austin High School High Regular 2,315 121 9

Lakeview Elementary School

  • Education Level: Primary
  • # of students: 514
  • # of teachers: 37
6
GreatSchools Rating

Garcia Middle School

  • Education Level: Middle
  • # of students: 1,276
  • # of teachers: 66
9
GreatSchools Rating

Austin High School

  • Education Level: High
  • # of students: 2,315
  • # of teachers: 121
9
GreatSchools Rating
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,033
Property Tax -$630
Property Insurance -$188
HOA -$34
Property Management Fees -$99
CASH FLOW
$36

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.

$279,900

PROJECTED PRICE

$2,020

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 6.0%
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

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$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$6,783

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,213

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,020
1$2,0202$2,1003$2,2004$2,2505$2,250
$2,250
RENT COMPS ANALYSIS
  • 3614 Stratford Arms Lane Sugar Land, TX 1
    • 4 beds 3 baths ∙ 2,784 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,784 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.73
    •  
  • 3330 Ashland Grove Lane Sugar Land, TX 2
    • 4 beds 3 baths ∙ 2,750 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,750 Sqft ∙ Built 2004
    property image
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.76
    •  
  • 13022 Sunrise Creek Lane Sugar Land, TX 3
    • 4 beds 3 baths ∙ 2,662 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,662 Sqft ∙ Built 2001
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.83
    •  
  • 3803 Orchard Links Drive Richmond, TX 4
    • 5 beds 4 baths ∙ 2,839 Sqft ∙ Built 2011 5 beds 4 baths ∙ 2,839 Sqft ∙ Built 2011
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.79
    •  
  • 3303 Ashland Grove Lane Sugar Land, TX 5
    • 4 beds 3 baths ∙ 2,810 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,810 Sqft ∙ Built 2002
    property image
    LEASED 09/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.80
    •  
PROPERTY LISTING DETAILS
Amy Green
1.832.474.4787
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 #: 80907857
Last Updated: 12/26/2020
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