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PROPERTY INFO
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!
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: Pasadena
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pasadena
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$87,874
LOAN DETAILS
$1,076
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $77,475 |
| Loan Amount | $232,425 |
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
-
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
1.713.480.0128
J.l. Wyatt Properties
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 68891229
Last Updated: 02/12/2021
