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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $121.07
- 40 Days on Market
- MLS # : 10333159
- Updated Date : 01/07/2021 at 19:37
CONSTRUCTION
- Beds : 4
- Floor Size : 2,767 sqft
- Baths : 3 full , 1 half
Listing Agent
Bhgre Gary Greene
Listing Agent's Description
Immaculate 1.5 story available for immediate move-in in the award-winning Falls at Imperial Oaks! All 4 bedrooms down plus media room, spacious game room and half bath upstairs. No rear neighbor, large backyard backs to highly rated Birnham Woods Elementary. Open kitchen, breakfast and living area with inviting fireplace, plus bay window in the master bedroom and large walk-in master closet with connection to utility room. Formal dining room, hard surface flooring throughout the downstairs, epoxy garage flooring, water softener, and added cabinetry off the garage entrance. Walking distance to two pools, splashpads, dog park, playgrounds, 100-acre Lake Holcomb, soccer fields, tennis courts, etc. Just minutes to 99, Hardy, I45, Exxon Campus and The Woodlands.
SEE MORE
- 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)
- Houston metro contributes to 29.5% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Falls at Imperial Oaks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Falls at Imperial Oaks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,310 |
| EXPENSES | Loan Payment | -$1,164 |
| Property Tax | -$759 | |
| Property Insurance | -$187 | |
| HOA | -$54 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$48
|
||
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.
$335,000
PROJECTED PRICE
$2,310
PROJECTED RENT
0.69%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 3.6% |
| 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
$94,525
LOAN DETAILS
$1,164
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $83,750 |
| Loan Amount | $251,250 |
2.58
YEARS SAVED
$6,574
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,310
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$2,269
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 11/23/20- Rent
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- $1,999
- $0.75
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LEASED 05/22/20- Rent
- Rent Per SQFT
- $2,100
- $0.80
-
31507 Reston Cliff Court Spring, TX 3
- 3 beds 2 baths ∙ 2,638 Sqft ∙ Built 2012 3 beds 2 baths ∙ 2,638 Sqft ∙ Built 2012
LEASED 11/13/20- Rent
- Rent Per SQFT
- $2,150
- $0.82
-
3514 Manor Lake Lane Spring, TX 5
- 3 beds 3 baths ∙ 2,707 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,707 Sqft ∙ Built 2016
LEASED 02/14/20- Rent
- Rent Per SQFT
- $2,450
- $0.91
PROPERTY LISTING DETAILS
1.713.303.2071
Bhgre Gary Greene
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 10333159
Last Updated: 01/07/2021
