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4230 Bergamo Shores Drive Katy, TX 77493

4 Beds 3 Baths 2,285 sqft Built 2014

$279,900

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $122.49
  • 2 Days on Market
  • MLS # : 65012675
  • Updated Date : 01/23/2021 at 14:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,285 sqft
  • Baths : 3 full
Listing Agent

Champions Real Estate Group

Listing Agent's Description

Beautiful and well maintained D.R Horton home for sale in the Ventana Lakes neighborhood. All brick home with stone accents, it is a much desired 1 1/2 story home floor plan that was discontinued by the builder. Three bedrooms down and the Primary bedroom on the first floor. Upstairs has a game room, bedroom, and full bath, and is perfect for a private suite or in-law suite. The kitchen has a granite island and granite throughout. Downstairs flooring is a high quality wood tile that is very durable and looks great. Primary bedroom has bay windows to extend the area out for more space. Backyard is lined with a high brick wall with no neighbors in the back with a nice sized covered back patio. Upgraded floors, newly upgraded tankless water heater, water softener, sprinkler system, gutters around the entire house, and brand new furnace replaced last year, as the builder's model was low quality. This is a beautiful home and it will not last long! This area is selling FAST! Bring your offer

SEE MORE

MARKET HIGHLIGHTS

  • Houston metro employment growth is at 1.8% and predicted to grow to 2.7% in 2019-20 (USMayors.org, 2018)
  • 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)

PRICE & RENT TRENDS

Zip Code: 77493

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $105k301k

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

Zip Code: 77493

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9801867

* 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
Bethke Elementary Primary Regular NA
Stockdick Junior High Middle Regular NA
Paetow High School High Regular NA

Bethke Elementary

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Stockdick Junior High

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Paetow High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$972
Property Tax -$663
Property Insurance -$182
HOA -$67
Property Management Fees -$99
CASH FLOW
$128

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.

$279,900

PROJECTED PRICE

$2,110

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 6.8%
Maintenance Year (1-5) 8.00%
Vacancy 8.80%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$972

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$10,444

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,062

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0003$2,0004$2,1105$2,200
$2,200
RENT COMPS ANALYSIS
  • 4230 Bergamo Shores Drive Katy, TX 4
    • 4 beds 3 baths ∙ 2,285 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,285 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $0.92
    •  
  • 4410 Fenetre Forest Street Katy, TX 1
    • 3 beds 2 baths ∙ 2,206 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,206 Sqft ∙ Built 2014
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.88
    •  
  • 4326 Treccia Court Katy, TX 2
    • 3 beds 2 baths ∙ 2,120 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,120 Sqft ∙ Built 2016
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.94
    •  
  • 4611 Terrazza Verde Drive Katy, TX 3
    • 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2018
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.90
    •  
  • 23703 Scotsman Drive Katy, TX 5
    • 4 beds 3 baths ∙ 2,477 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,477 Sqft ∙ Built 2016
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.89
    •  
PROPERTY LISTING DETAILS
Hieu Tieu
1.713.594.9890
Champions Real Estate Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 65012675
Last Updated: 01/23/2021
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