Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1980
- Price/Sqft : $97.70
- 6 Days on Market
- MLS # : 89371503
- Updated Date : 01/26/2021 at 20:01
CONSTRUCTION
- Beds : 5
- Floor Size : 2,865 sqft
- Baths : 3 full , 1 half
Listing Agent
Texas Ally Real Estate Group,
Listing Agent's Description
This lovely 5 bedroom, 3-1/2 bath home has TWO master bedrooms down, 3 bedrooms up, and a HUGE game room upstairs. The home is also situated on a cul-de-sac! The gorgeous updates include all new flooring, fresh paint inside and out, granite in kitchen and all bathrooms, new stainless steel appliances, new bronze faucets, fixtures, and hardware; new outlets and switches; new electric panel; 2 new AC condensers, 1 new evaporator and furnace; and new blown insulation in the attic. The roof is less than 5 years old! You will notice the beautiful hand scraped flooring, neutral colors, gorgeous granite and travertine kitchen the moment you enter as well as plenty of new recessed LED lighting throughout making this home bright and inviting! A great location, centrally located between I-45 and HWY 249 and in the esteemed Klein school district. A must see, NEVER FLOODED!
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: Cypresswood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cypresswood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,980 |
EXPENSES | Loan Payment | -$972 |
Property Tax | -$556 | |
Property Insurance | -$221 | |
HOA | -$43 | |
Property Management Fees | -$99 | |
CASH FLOW
$89
|
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
$1,980
PROJECTED RENT
0.71%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 2.87% |
Appreciation Year (1-5) | 6.3% |
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
$79,924
LOAN DETAILS
$972
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 3.75% |
Down Payment | $69,975 |
Loan Amount | $209,925 |
3.42
YEARS SAVED
$8,225
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,980
LIST RENT -
$0.69
LIST RENT PER SQFT
-
$2,127
COMP ESTIMATED VALUE -
$0.74
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
1.352.208.7000
Texas Ally Real Estate Group,
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 89371503
Last Updated: 01/26/2021