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4 Hickory Oak Drive The Woodlands, TX 77381

4 Beds 3 Baths 2,367 sqft Built 1983

$334,900

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1983
  • Price/Sqft : $141.49
  • 28 Days on Market
  • MLS # : 80014604
  • Updated Date : 11/07/2020 at 17:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,367 sqft
  • Baths : 2 full , 1 half
Listing Agent

Champions Real Estate Group

Listing Agent's Description

Stylish home, open floor-plan downstairs. Completely renovated, new double pane windows and sliding doors out to two new decks, new plush carpet in bedrooms, updated kitchen and bathrooms, light fixtures throughout, Travertine tiles on first floor easy to maintain, new roof, HVAC, hot water heater, and kitchen appliances; lovely yard with fire- pit and decks, great for entertaining! Woodlands location very convenient to I45 commute, just minutes from shopping centers, George Bush Intercontinental Airport, parks, pools, tennis courts, The Pavillion, Woodlands Mall, Lake Woodlands and North Shore Park. Wonderful schools! This home has not flooded and is in beautiful condition.

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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: Panther Creek

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $113k368k

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

Neighborhood: Panther Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10722236

* 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
Collins Intermediate School Primary Regular 674 36 10
Collins Intermediate School Middle Regular 674 36 10
The Woodlands College Park High School High Regular 2,794 161 9

Collins Intermediate School

  • Education Level: Primary
  • # of students: 674
  • # of teachers: 36
10
GreatSchools Rating

Collins Intermediate School

  • Education Level: Middle
  • # of students: 674
  • # of teachers: 36
10
GreatSchools Rating

The Woodlands College Park High School

  • Education Level: High
  • # of students: 2,794
  • # of teachers: 161
9
GreatSchools Rating
 

$301,410$368,390$334,900

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,236
Property Tax -$619
Property Insurance -$164
Property Management Fees -$99
CASH FLOW
-$7

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.

$334,900

PROJECTED PRICE

$2,110

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.3%
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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,499

INVESTMENT

$94,499

Down Payment
$83,725
Rehab Estimate
$5,750
Closing Costs
$5,024

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,725
Loan Amount $251,175
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$8,094

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,184

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1103$2,1254$2,1505$2,450
$2,450
RENT COMPS ANALYSIS
  • 4 Hickory Oak Drive The Woodlands, TX 2
    • 4 beds 3 baths ∙ 2,367 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,367 Sqft ∙ Built 1983
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $0.89
    •  
  • 23 Windfellow Place The Woodlands, TX 1
    • 3 beds 3 baths ∙ 2,514 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,514 Sqft ∙ Built 1984
    property image
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.84
    •  
  • 108 E Lakeridge Drive Spring, TX 3
    • 3 beds 3 baths ∙ 2,354 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,354 Sqft ∙ Built 1993
    property image
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $0.90
    •  
  • 22 N Havenridge Drive Drive The Woodlands, TX 4
    • 3 beds 3 baths ∙ 2,192 Sqft ∙ Built 1981 3 beds 3 baths ∙ 2,192 Sqft ∙ Built 1981
    property image
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.98
    •  
  • 7 Brookline Court The Woodlands, TX 5
    • 4 beds 3 baths ∙ 2,524 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,524 Sqft ∙ Built 1989
    property image
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.97
    •  
PROPERTY LISTING DETAILS
Novid Rezai
1.832.533.0115
Champions Real Estate Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 80014604
Last Updated: 11/07/2020
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