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39 N Duskwood Place The Woodlands, TX 77381

4 Beds 3 Baths 2,682 sqft Built 1991

INVESTimate

$369,900

List Price

$2,480

$2,232 - $2,728

Rent Est.

$381,885  ( +3.24%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1991
  • Price/Sqft : $137.92
  • 9 Days on Market
  • MLS # : 79313282
  • Updated Date : 08/19/2020 at 13:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,682 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

A fabulous four bedroom, 2.5 bath home with stunning updates located on quiet cul de sac street in highly sought Amberglow neighborhood, located in the heart of The Woodlands.This bright and cheery home offers luxury laminate plank flooring & updated baseboards throughout the downstairs. Working from home is a breeze. The study offers custom built-in shelving & desks. In the kitchen you'll find custom granite counter tops, tile back splash, updated appliances, gas hook-up, and plenty of cabinet space for storage. All bathrooms have granite counter tops, framed mirrors, upgraded sinks & fixtures. Throughout the house there is updated paint, crown molding, ceiling fans and hardware. Located walking distance to Powell Elementary and The Woodlands High School and the neighborhood park with play equipment, tennis & basketball. Convenient to shopping, restaurants, pools, numerous parks and neighborhood pools. Easy access for commuting in any direction. Spacious backyard with mature trees.

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

Neighborhood: Cochran's Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $113k547k

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

Neighborhood: Cochran's Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10723320

* 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
Mitchell Intermediate School Primary Regular 1,208 63 10
Mccullough Junior High School Middle Regular 2,229 120 10
The Woodlands High School Senior Campus High Regular 4,142 228 9

Mitchell Intermediate School

  • Education Level: Primary
  • # of students: 1,208
  • # of teachers: 63
10
GreatSchools Rating

Mccullough Junior High School

  • Education Level: Middle
  • # of students: 2,229
  • # of teachers: 120
10
GreatSchools Rating

The Woodlands High School Senior Campus

  • Education Level: High
  • # of students: 4,142
  • # of teachers: 228
9
GreatSchools Rating
 

$332,910$406,890$369,900

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$1,365
Property Tax -$699
Property Insurance -$182
Property Management Fees -$99
CASH FLOW
$136

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 18% of earned rent to cover both maintenance and periods of vacancy.

$369,900

PROJECTED PRICE

$2,480

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.61%
Appreciation Year (1-5) 3.24%
Maintenance Year (1-5) 8.00%
Vacancy 10.23%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,774

INVESTMENT

$103,774

Down Payment
$92,475
Rehab Estimate
$5,750
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$14,090

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,480

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,481

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,3753$2,4504$2,4805$2,800
$2,800
RENT COMPS ANALYSIS
  • 39 N Duskwood Place The Woodlands, TX 4
    • 4 beds 3 baths ∙ 2,682 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,682 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $0.92
    •  
  • 63 E Amberglow Circle The Woodlands, TX 1
    • 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 1992
    property image
    LEASED 11/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.88
    •  
  • 29 Summer Court The Woodlands, TX 2
    • 4 beds 3 baths ∙ 2,546 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,546 Sqft ∙ Built 1991
    property image
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $0.93
    •  
  • 126 Summer Storm Place The Woodlands, TX 3
    • 4 beds 3 baths ∙ 2,736 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,736 Sqft ∙ Built 1993
    property image
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.90
    •  
  • 39 E Greywing Circle The Woodlands, TX 5
    • 4 beds 3 baths ∙ 2,829 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,829 Sqft ∙ Built 1995
    property image
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.99
    •  
PROPERTY LISTING DETAILS
Mary Bowen
1.281.732.5937
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 79313282
Last Updated: 08/19/2020
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