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3615 Bridgebluff Lane Katy, TX 77449

4 Beds 2 Baths 1,695 sqft Built 2010

$185,000

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $109.14
  • 3 Days on Market
  • MLS # : 63003445
  • Updated Date : 01/23/2021 at 18:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,695 sqft
  • Baths : 2 full
Listing Agent

Exceed Realty

Listing Agent's Description

Lovely 4 bedroom, one story home with open concept floor plan. Walk into a large living room that is open to a remodeled kitchen with granite counter tops, all new appliances and a new sink (2017). This home has all tile flooring throughout with fair sized bedrooms and closets. Zoned to Katy ISD. Come see this house before it is off the market! More pics to come soon.

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

Zip Code: 77449

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $105k301k

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

Zip Code: 77449

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8351867

* 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
Mcdonald Junior High School Middle Regular 1,041 64 6
Morton Ranch High School High Regular 3,378 201 6

Mcroberts Elementary School

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

Mcdonald Junior High School

  • Education Level: Middle
  • # of students: 1,041
  • # of teachers: 64
6
GreatSchools Rating

Morton Ranch High School

  • Education Level: High
  • # of students: 3,378
  • # of teachers: 201
6
GreatSchools Rating
 

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

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$643
Property Tax -$469
Property Insurance -$142
HOA -$38
Property Management Fees -$99
CASH FLOW
$120

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

$1,510

PROJECTED RENT

0.82%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 7.6%
Maintenance Year (1-5) 8.00%
Vacancy 8.80%
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

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

4.67

YEARS SAVED

$8,665

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,526

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5003$1,5004$1,5005$1,510
$1,510
RENT COMPS ANALYSIS
  • 3615 Bridgebluff Lane Katy, TX 5
    • 4 beds 2 baths ∙ 1,695 Sqft ∙ Built 2010 4 beds 2 baths ∙ 1,695 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.89
    •  
  • 3838 Pebble Garden Lane Katy, TX 1
    • 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 2002
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.89
    •  
  • 21102 Rushing Creek Lane Katy, TX 2
    • 3 beds 2 baths ∙ 1,641 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,641 Sqft ∙ Built 1999
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.91
    •  
  • 20819 Imperial Landing Lane Katy, TX 3
    • 4 beds 2 baths ∙ 1,680 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,680 Sqft ∙ Built 2006
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.89
    •  
  • 21106 Bridgemeadows Lane Katy, TX 4
    • 3 beds 2 baths ∙ 1,654 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,654 Sqft ∙ Built 2004
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.91
    •  
PROPERTY LISTING DETAILS
Victoria Gonzalez
1.832.951.4158
Exceed Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 63003445
Last Updated: 01/23/2021
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