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4202 Blue Water Court Pasadena, TX 77505

4 Beds 2 Baths 2,861 sqft Built 1999

$309,900

List Price

$2,440

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $108.32
  • 5 Days on Market
  • MLS # : 68891229
  • Updated Date : 02/12/2021 at 22:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,861 sqft
  • Baths : 2 full
Listing Agent

J.l. Wyatt Properties

Listing Agent's Description

BEAUTIFULLY MAINTAINTED 4 BEDROOM, 2 FULL BATH, ATTACHED/DETACHED TWO CAR GARAGE BRICK HOME ON LARGE CORNER LOT, LOCATED IN THE HEART OF THE HIGHLY DESIRABLE VILLAGE GROVE EAST SUBDIVISION. HOME BOASTS MANY UPDATES INCLUDING LAMINATE WOOD FLOORING, GRANITE COUNTERTOPS AND TILE BACKSPLASH IN ISLAND KITCHEN, AND STAINLESS STEEL APPLIANCES. ROUNDED CORNERS, HIGH CEILINGS, UPGRADED SECONDARY BATHROOM AND BEAUTIFUL CROWN MOLDINGS THROUGHOUT GIVES THIS DR HORTON HOME THE CHARACTER ANY BUYER WOULD DESIRE! SCHEDULE YOUR SHOWING TO VIEW THE PROPERTY TODAY!

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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: Pasadena

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $74k222k

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

Neighborhood: Pasadena

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8731677

* 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
Jp Dabbs Elementary School Primary Regular 762 49 5
Fairmont Junior High School Middle Regular 759 45 8
Deer Park High School South Campus High Regular 4,103 258 6

Jp Dabbs Elementary School

  • Education Level: Primary
  • # of students: 762
  • # of teachers: 49
5
GreatSchools Rating

Fairmont Junior High School

  • Education Level: Middle
  • # of students: 759
  • # of teachers: 45
8
GreatSchools Rating

Deer Park High School South Campus

  • Education Level: High
  • # of students: 4,103
  • # of teachers: 258
6
GreatSchools Rating
 

$278,910$340,890$309,900

PURCHASE PRICE

$2,196$2,684$2,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,440
EXPENSES Loan Payment -$1,076
Property Tax -$836
Property Insurance -$221
HOA -$42
Property Management Fees -$99
CASH FLOW
$166

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$309,900

PROJECTED PRICE

$2,440

PROJECTED RENT

0.79%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.99%
Appreciation Year (1-5) 8.6%
Maintenance Year (1-5) 8.00%
Vacancy 8.01%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,874

INVESTMENT

$87,874

Down Payment
$77,475
Rehab Estimate
$5,750
Closing Costs
$4,649

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,076

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,475
Loan Amount $232,425
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$14,097

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,440

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,475

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,440
1$2,4402$2,4503$2,500
$2,500
RENT COMPS ANALYSIS
  • 4202 Blue Water Court Pasadena, TX 1
    • 4 beds 2 baths ∙ 2,861 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,861 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,440
    • $0.85
    •  
  • 4403 Tree Line Drive Pasadena, TX 2
    • 4 beds 3 baths ∙ 2,868 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,868 Sqft ∙ Built 2000
    LEASED 02/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.85
    •  
  • 4302 Waterfall Cove Pasadena, TX 3
    • 4 beds 4 baths ∙ 2,839 Sqft ∙ Built 2003 4 beds 4 baths ∙ 2,839 Sqft ∙ Built 2003
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.88
    •  
PROPERTY LISTING DETAILS
Bryan Grant
1.713.480.0128
J.l. Wyatt Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 68891229
Last Updated: 02/12/2021
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