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4050 Calaway Oaks Lane Katy, TX 77494

5 Beds 4 Baths 2,919 sqft Built 2013

INVESTimate

$277,000

List Price

$2,280

$2,052 - $2,508

Rent Est.

$284,147  ( +2.58%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2013
  • Price/Sqft : $94.90
  • 5 Days on Market
  • MLS # : 57337930
  • Updated Date : 08/23/2020 at 19:03
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,919 sqft
  • Baths : 3 full , 1 half
Listing Agent

World Wide Realty

Listing Agent's Description

NEVER FLOODED! Fully upgraded. Covered porch and cover patio. With huge backyard backs onto greenbelt. Walking distance from Excellent elementary, Neighborhood pool, park, Tennis courts. Awesome neighborhood. Well maintained. All that for a great price. A MUST SEE!

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

Zip Code: 77494

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $113k403k

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

Zip Code: 77494

ZipNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $10372506

* 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
Davidson Elementary School Primary Unknown 1,095 64 NA
Tays Junior High School Middle Regular NA
Tompkins High School High Unknown 1,620 92 NA

Davidson Elementary School

  • Education Level: Primary
  • # of students: 1,095
  • # of teachers: 64
NA
GreatSchools Rating

Tays Junior High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Tompkins High School

  • Education Level: High
  • # of students: 1,620
  • # of teachers: 92
NA
GreatSchools Rating
 

$249,300$304,700$277,000

PURCHASE PRICE

$2,052$2,508$2,280

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,280
EXPENSES Loan Payment -$1,022
Property Tax -$776
Property Insurance -$196
HOA -$55
Property Management Fees -$99
CASH FLOW
$133

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.

$277,000

PROJECTED PRICE

$2,280

PROJECTED RENT

0.82%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 2.58%
Maintenance Year (1-5) 8.00%
Vacancy 9.28%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,155

INVESTMENT

$79,155

Down Payment
$69,250
Rehab Estimate
$5,750
Closing Costs
$4,155

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,022

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,250
Loan Amount $207,750
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$10,232

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,280

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,372

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2803$2,4004$2,4505$2,500
$2,500
RENT COMPS ANALYSIS
  • 4050 Calaway Oaks Lane Katy, TX 2
    • 5 beds 4 baths ∙ 2,919 Sqft ∙ Built 2013 5 beds 4 baths ∙ 2,919 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,280
    • $0.78
    •  
  • 4207 Glade Shadow Court Katy, TX 1
    • 4 beds 4 baths ∙ 2,890 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,890 Sqft ∙ Built 2014
    property image
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.76
    •  
  • 27123 Bunker Bluff Court Katy, TX 3
    • 4 beds 3 baths ∙ 2,891 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,891 Sqft ∙ Built 2013
    property image
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.83
    •  
  • 4222 Misty Waters Lane Katy, TX 4
    • 5 beds 4 baths ∙ 3,038 Sqft ∙ Built 2012 5 beds 4 baths ∙ 3,038 Sqft ∙ Built 2012
    property image
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.81
    •  
  • 27107 Naples Run Lane Katy, TX 5
    • 4 beds 4 baths ∙ 2,930 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,930 Sqft ∙ Built 2013
    property image
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.85
    •  
PROPERTY LISTING DETAILS
Mamta Yerneni
1.832.892.7495
World Wide Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 57337930
Last Updated: 08/23/2020
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