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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $106.11
- 2 Days on Market
- MLS # : 72738990
- Updated Date : 01/23/2021 at 23:52
CONSTRUCTION
- Beds : 4
- Floor Size : 2,732 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Associates Northeast
Listing Agent's Description
BEAUTIFUL GREENTREE HOME W/ 4BEDROOMS! DRIVE UP and say WOW to this newly listed, beautiful curb appeal classic home with long driveway and detached garage. Walk in and be just as impressed to see this beautiful 2 story entry that opens to a study with French doors, dining room, and large family room with gas log fireplace. HUGE Eat in ISLAND kitchen with granite countertops, stainless appliances and lots of light from the windows and sky lights. Primary bedroom on main with beautifully updated primary bathroom, huge frameless shower and gorgeous double sink vanity, big walk in closet. 3 BR's and a Full bath up with a large gameroom! Huge backyard for kids to play! Fantastic landscaping with sprinkler system. ROOF 2018! Shows like a dream!
SEE MORE
- 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: Greentree Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Greentree Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,190 |
| EXPENSES | Loan Payment | -$1,007 |
| Property Tax | -$611 | |
| Property Insurance | -$212 | |
| HOA | -$33 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$228
|
||
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.
$289,900
PROJECTED PRICE
$2,190
PROJECTED RENT
0.76%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 4.6% |
| 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
$82,574
LOAN DETAILS
$1,007
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $72,475 |
| Loan Amount | $217,425 |
5.58
YEARS SAVED
$17,853
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,190
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$2,220
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
-
3919 Brook Shadow Drive Houston, TX 2
- 4 beds 3 baths ∙ 2,732 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,732 Sqft ∙ Built 1986
- Rent
- Rent Per SQFT
- $2,190
- $0.80
-
3027 Rushing Brook Drive Kingwood, TX 1
- 4 beds 3 baths ∙ 2,557 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,557 Sqft ∙ Built 1986
LEASED 09/21/20- Rent
- Rent Per SQFT
- $1,900
- $0.74
-
4603 Echo Falls Drive Houston, TX 3
- 4 beds 3 baths ∙ 2,563 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,563 Sqft ∙ Built 1991
LEASED 01/11/21- Rent
- Rent Per SQFT
- $2,200
- $0.86
-
4217 Brook Shadow Drive Houston, TX 4
- 4 beds 3 baths ∙ 2,778 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,778 Sqft ∙ Built 1991
LEASED 12/26/20- Rent
- Rent Per SQFT
- $2,300
- $0.83
-
5123 Mulberry Grove Drive Houston, TX 5
- 4 beds 4 baths ∙ 2,926 Sqft ∙ Built 1984 4 beds 4 baths ∙ 2,926 Sqft ∙ Built 1984
LEASED 03/17/20- Rent
- Rent Per SQFT
- $2,400
- $0.82
PROPERTY LISTING DETAILS
1.832.236.8539
Re/max Associates Northeast
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 72738990
Last Updated: 01/23/2021
