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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $103.56
- 44 Days on Market
- MLS # : 6751679
- Updated Date : 11/23/2020 at 09:22
CONSTRUCTION
- Beds : 5
- Floor Size : 2,897 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Hou Preferred
Listing Agent's Description
Absolutely stunning homeowner opportunity available in Pearland's established Southwyck! Zoned to highly desired Pearland ISD, this home features up to 5 bedrooms, with contemporary and trendy updated bathrooms, a beautifully landscaped backyard space (including a patio!), breathtaking high ceilings, and tons of upgrades including a custom kitchen backsplash, shining hardwood floors, built-in shelving throughout, and hand-picked granite tile downstairs. This home's open space and abundance of natural light will make you swoon! Community features include multiple parks, a clubhouse, and close proximity to area pools, Southwyck golf club. Just a few minutes from State Highway 288 makes getting to some of Houston's hottest spots a breeze. Don't delay - call today for your private showing!
SEE MORE
- 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: Southwyck
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Southwyck
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,200 |
| EXPENSES | Loan Payment | -$1,107 |
| Property Tax | -$675 | |
| Property Insurance | -$223 | |
| HOA | -$46 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$51
|
||
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.
$299,999
PROJECTED PRICE
$2,200
PROJECTED RENT
0.73%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 6.2% |
| 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
$85,250
LOAN DETAILS
$1,107
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $75,000 |
| Loan Amount | $224,999 |
2.67
YEARS SAVED
$7,548
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,200
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$2,209
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
4127 S Webber Drive Pearland, TX 4
- 4 beds 4 baths ∙ 2,897 Sqft ∙ Built 1997 4 beds 4 baths ∙ 2,897 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $2,200
- $0.76
-
3314 E Overdale Drive Pearland, TX 1
- 3 beds 3 baths ∙ 2,768 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,768 Sqft ∙ Built 1995
LEASED 04/15/20- Rent
- Rent Per SQFT
- $2,000
- $0.72
-
3313 Beacon View Court Pearland, TX 2
- 4 beds 3 baths ∙ 2,949 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,949 Sqft ∙ Built 2000
LEASED 12/22/19- Rent
- Rent Per SQFT
- $2,050
- $0.70
-
3104 Capital Court Pearland, TX 3
- 3 beds 3 baths ∙ 2,714 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,714 Sqft ∙ Built 2002
LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,100
- $0.77
-
3208 Forrester Drive Pearland, TX 5
- 4 beds 3 baths ∙ 2,834 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,834 Sqft ∙ Built 1999
LEASED 08/04/20- Rent
- Rent Per SQFT
- $2,425
- $0.86
PROPERTY LISTING DETAILS
1.281.949.6479
Keller Williams Hou Preferred
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 6751679
Last Updated: 11/23/2020
