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

3926 Amalfi Shores Court Missouri City, TX 77459

4 Beds 4 Baths 2,752 sqft Built 2014

$335,000

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $121.73
  • 8 Days on Market
  • MLS # : 90341202
  • Updated Date : 02/27/2021 at 21:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,752 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realm Real Estate Professional

Listing Agent's Description

Water front absolutely stunning house in the beautiful Lake Shore Harbour community! Low Taxes! Ideally located minutes away from Hwy 6,Fort bend toll way. This wonderfully kept well maintained home is ready for SALE OR LEASE. This is a hard to find lakefront property with a gorgeous backyard that has custom landscaping. The beautiful path in the back yard leading to the lake. Inviting extended wood flooring leads to elegant living space, open space for formal dining, and office/ sitting room. This house has installed front and back with sprinkler system.Waterfront living at it's Best! Beautiful 4 bedroom home with soaring ceilings and water view from the family room, kitchen and master bedroom. Master bath with , separate tub and shower. Back yard features a covered patio, and your own private pier. The front and backyard lawn is fully irrigated and surrounded by a wrought iron fence that provides a excellent scenery along with low maintenance. Come visit this beautiful home today!

SEE MORE

MARKET HIGHLIGHTS

  • 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: Lake Shore Harbour Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $113k411k

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

Neighborhood: Lake Shore Harbour Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100220023002400Rent in $10722440

* 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
Palmer Elementary School Primary Regular 590 42 6
Lake Olympia Middle School Middle Regular 1,112 71 4
Hightower High School High Regular 2,254 134 5

Palmer Elementary School

  • Education Level: Primary
  • # of students: 590
  • # of teachers: 42
6
GreatSchools Rating

Lake Olympia Middle School

  • Education Level: Middle
  • # of students: 1,112
  • # of teachers: 71
4
GreatSchools Rating

Hightower High School

  • Education Level: High
  • # of students: 2,254
  • # of teachers: 134
5
GreatSchools Rating
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$1,164
Property Tax -$662
Property Insurance -$186
HOA -$92
Property Management Fees -$99
CASH FLOW
$8

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

$2,210

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 3.4%
Maintenance Year (1-5) 8.00%
Vacancy 9.28%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,164

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$5,411

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,210

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,215

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,2103$2,2954$2,3005$2,300
$2,300
RENT COMPS ANALYSIS
  • 3926 Amalfi Shores Court Missouri City, TX 2
    • 4 beds 4 baths ∙ 2,752 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,752 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $0.80
    •  
  • 3931 Medici Court Missouri City, TX 1
    • 4 beds 3 baths ∙ 2,636 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,636 Sqft ∙ Built 2014
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.76
    •  
  • 2710 Lake Villa Missouri City, TX 3
    • 4 beds 3 baths ∙ 2,699 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,699 Sqft ∙ Built 2008
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.85
    •  
  • 2338 Anzio Court Missouri City, TX 4
    • 5 beds 4 baths ∙ 2,821 Sqft ∙ Built 2018 5 beds 4 baths ∙ 2,821 Sqft ∙ Built 2018
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.82
    •  
  • 2338 Alassio Isle Court Missouri City, TX 5
    • 4 beds 4 baths ∙ 2,896 Sqft ∙ Built 2010 4 beds 4 baths ∙ 2,896 Sqft ∙ Built 2010
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.79
    •  
PROPERTY LISTING DETAILS
Renjit George
1.832.540.7198
Realm Real Estate Professional
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 90341202
Last Updated: 02/27/2021
BESbswy