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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $218.38
- 13 Days on Market
- MLS # : 56955778
- Updated Date : 01/29/2021 at 14:49
CONSTRUCTION
- Beds : 3
- Floor Size : 1,534 sqft
- Baths : 2 full
Listing Agent
Move Houston Real Estate
Listing Agent's Description
Beautiful and well kept two story home in a quiet and friendly gated Heights community. Hardwood floors greet you at the door and lead you to the guest bedrooms, shared bath, and utility room. Rooms are more spacious that new construction homes. Upstairs, the wide open and airy floor plan is filled with natural light and perfect for hosting! The fabulous kitchen features all stainless steel appliances including a Jennair slide-in gas range, granite counters, and updated backsplash & faucets. Throughout the well decorated house are newer fans, lights, and plumbing fixtures. You can't beat the location! 3 mins from HEB and close to coffee shops, restaurants, and the hike and bike trails! No HOA, no stucco, and has never flooded! Schedule your appointment to see this beautiful home today!
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: Greater Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Greater Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,100 |
| EXPENSES | Loan Payment | -$1,164 |
| Property Tax | -$706 | |
| Property Insurance | -$131 | |
| HOA | -$8 | |
| 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
$2,100
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 5.6% |
| 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
$94,525
LOAN DETAILS
$1,164
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $83,750 |
| Loan Amount | $251,250 |
2.33
YEARS SAVED
$5,568
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,100
LIST RENT -
$1.37
LIST RENT PER SQFT
-
$2,155
COMP ESTIMATED VALUE -
$1.41
COMP AVG. RENT PER SQFT
Comps Range
-
417 W 27th Street Houston, TX 2
- 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $2,100
- $1.37
-
3959 Tulane Street Houston, TX 1
- 3 beds 3 baths ∙ 1,580 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,580 Sqft ∙ Built 2018
LEASED 10/09/20- Rent
- Rent Per SQFT
- $2,100
- $1.33
-
2503 Beall Street Houston, TX 3
- 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 2006
LEASED 07/30/20- Rent
- Rent Per SQFT
- $2,195
- $1.42
-
210 Marathon Street Houston, TX 4
- 3 beds 3 baths ∙ 1,584 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,584 Sqft ∙ Built 2017
LEASED 09/19/20- Rent
- Rent Per SQFT
- $2,300
- $1.45
-
627 W 20th Street Houston, TX 5
- 3 beds 3 baths ∙ 1,690 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,690 Sqft ∙ Built 2004
LEASED 09/13/20- Rent
- Rent Per SQFT
- $2,400
- $1.42
PROPERTY LISTING DETAILS
1.832.703.5686
Move Houston Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 56955778
Last Updated: 01/29/2021
