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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $107.53
- 5 Days on Market
- MLS # : 59051546
- Updated Date : 12/10/2020 at 08:42
CONSTRUCTION
- Beds : 5
- Floor Size : 2,790 sqft
- Baths : 3 full , 1 half
Listing Agent
Cb & A, Realtors
Listing Agent's Description
2020 Sux.....this house doesn't.... This beautiful, classic layout home is move in ready and perfect for your family! The home features 5 large bedrooms 3 full baths and a half bath downstairs. Beautiful updated flooring throughout the first floor and paint make you feel at home. First floor also features the primary bedroom and huge office/study. Second floor has 4 large secondary bedrooms, game room, and two full baths. Pearland Farms is highly desired and perfectly located in the center of Pearland. Award winning schools and youth programs this town is second to none! Great Low tax rate!
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: Pearland
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pearland
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,300 |
| EXPENSES | Loan Payment | -$1,107 |
| Property Tax | -$675 | |
| Property Insurance | -$216 | |
| HOA | -$37 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$167
|
||
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
$2,300
PROJECTED RENT
0.77%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 7.6% |
| 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
$85,250
LOAN DETAILS
$1,107
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $75,000 |
| Loan Amount | $224,999 |
4.5
YEARS SAVED
$15,723
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,300
LIST RENT -
$0.82
LIST RENT PER SQFT
-
$2,323
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
4208 Pine Mill Court Pearland, TX 5
- 5 beds 4 baths ∙ 2,790 Sqft ∙ Built 2012 5 beds 4 baths ∙ 2,790 Sqft ∙ Built 2012
- Rent
- Rent Per SQFT
- $2,300
- $0.82
-
3607 Canterbury Park Drive Pearland, TX 1
- 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 2005
LEASED 05/24/20- Rent
- Rent Per SQFT
- $2,100
- $0.84
-
4704 Lakefront Terrace Drive Pearland, TX 2
- 4 beds 3 baths ∙ 2,650 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,650 Sqft ∙ Built 2006
LEASED 06/05/20- Rent
- Rent Per SQFT
- $2,295
- $0.87
-
4806 Lakefront Terrace Court Pearland, TX 3
- 4 beds 4 baths ∙ 2,752 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,752 Sqft ∙ Built 2005
LEASED 06/05/20- Rent
- Rent Per SQFT
- $2,300
- $0.84
-
3909 Waterworth Way Pearland, TX 4
- 4 beds 3 baths ∙ 2,933 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,933 Sqft ∙ Built 2016
LEASED 03/10/20- Rent
- Rent Per SQFT
- $2,300
- $0.78
PROPERTY LISTING DETAILS
1.281.961.0388
Cb & A, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 59051546
Last Updated: 12/10/2020
