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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $133.97
- 11 Days on Market
- MLS # : 85291421
- Updated Date : 01/06/2021 at 00:15
CONSTRUCTION
- Beds : 3
- Floor Size : 1,940 sqft
- Baths : 2 full , 1 half
Listing Agent
White Picket Realty Llc
Listing Agent's Description
Welcome 2021 in this new home in Pearland, TX! This traditional 2 story is fully renovated with new fresh gray tone colors all inside and out! It includes modern wood laminate floors all throughout the first floor, a living area that may be converted into an office, with a large dinning room. The beautiful kitchen has white new cabinets, granite countertops on a open concept onto an oversized gameroom, great for entertainment! There is lots of storage space in the laundry room, including a closet under the stairs. The wooden staircase takes you upstairs to the rest of the privacy of the 2-3 bedrooms and the primary room with it's own primary bathroom. One of the bedrooms has a secret room that can be a guest room or a study area, all covered with a gray tone carpet, blending all the modern colors together. This is a must see! Schedule your appointment today!
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: Parkview
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Parkview
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,810 |
| EXPENSES | Loan Payment | -$903 |
| Property Tax | -$584 | |
| Property Insurance | -$158 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$66
|
||
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.
$259,900
PROJECTED PRICE
$1,810
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 5.1% |
| 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
$74,624
LOAN DETAILS
$903
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $64,975 |
| Loan Amount | $194,925 |
3.25
YEARS SAVED
$6,902
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,810
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,799
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
3715 Heather Lane Pearland, TX 4
- 3 beds 3 baths ∙ 1,940 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,940 Sqft ∙ Built 1984
![property image]()
- Rent
- Rent Per SQFT
- $1,810
- $0.93
-
2504 Parkview Pearland, TX 1
- 3 beds 3 baths ∙ 1,766 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,766 Sqft ∙ Built 1983
![property image]()
LEASED 05/11/20- Rent
- Rent Per SQFT
- $1,650
- $0.93
-
3404 Pheasant Lane Pearland, TX 2
- 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 2000
![property image]()
LEASED 03/20/20- Rent
- Rent Per SQFT
- $1,675
- $0.92
-
2304 Colleen Drive Pearland, TX 3
- 3 beds 2 baths ∙ 1,923 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,923 Sqft ∙ Built 1983
![property image]()
LEASED 10/05/20- Rent
- Rent Per SQFT
- $1,750
- $0.91
-
1937 Prairie Creek Drive Pearland, TX 5
- 3 beds 2 baths ∙ 1,995 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,995 Sqft ∙ Built 1992
![property image]()
LEASED 11/30/20- Rent
- Rent Per SQFT
- $1,900
- $0.95
PROPERTY LISTING DETAILS
1.281.685.1307
White Picket Realty Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 85291421
Last Updated: 01/06/2021
