Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4231 Shady Village Court Missouri City, TX 77459

4 Beds 3 Baths 2,448 sqft Built 1987

$230,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $93.95
  • 3 Days on Market
  • MLS # : 17129039
  • Updated Date : 01/30/2021 at 12:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,448 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Southwest

Listing Agent's Description

THIS IS IT!! BEAUTIFULLY UPDATED HOME!! FLOOR PLAN FEATURES 4 BEDROOMS 2.5 BATHS, 2 CAR GARAGE. ELEGANT FORMAL DINING - PERFECT FOR ENTERTAINING. FORMAL LIVING ROOM WITH HIGH CEILINGS. LARGE FAMILY ROOM WITH BEAUTIFUL FIREPLACE AND TONS OF NATURAL LIGHT & HIGH CEILINGS. GORGEOUS KITCHEN WITH GRANITE COUNTERTOPS AND GORGEOUS BACKSPLASH. BEAUTIFUL HARDWOOD FLOORS THROUGHOUT THE SECOND FLOOR! NO CARPET! ALL BEDROOMS ARE LARGE. BACKYARD IS VERY PRIVATE WITH A VIEW OF BEAUTIFUL MATURE TREES. NO BACKYARD NEIGHBOURS!! ZONED TO FORT BEND ISD SCHOOLS AND CLOSE TO SHOPPING AND DINING! THIS HOME IS READY FOR YOUR FAMILY! HURRY AND VIEW THIS PROPERTY TODAY!

SEE MORE

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: Lexington Point

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Neighborhood: Lexington Point

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10722063

* 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
Lexington Creek Elementary School Primary Regular 550 37 8
Dulles Middle School Middle Regular 1,294 65 8
Dulles High School High Regular 2,189 117 8

Lexington Creek Elementary School

  • Education Level: Primary
  • # of students: 550
  • # of teachers: 37
8
GreatSchools Rating

Dulles Middle School

  • Education Level: Middle
  • # of students: 1,294
  • # of teachers: 65
8
GreatSchools Rating

Dulles High School

  • Education Level: High
  • # of students: 2,189
  • # of teachers: 117
8
GreatSchools Rating
 

$207,000$253,000$230,000

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$799
Property Tax -$555
Property Insurance -$168
HOA -$40
Property Management Fees -$99
CASH FLOW
$69

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.

$230,000

PROJECTED PRICE

$1,730

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 3.0%
Maintenance Year (1-5) 8.00%
Vacancy 9.28%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,700

INVESTMENT

$66,700

Down Payment
$57,500
Rehab Estimate
$5,750
Closing Costs
$3,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$799

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,500
Loan Amount $172,500
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$5,541

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,836

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,730
1$1,7302$1,7503$1,7504$1,8255$1,900
$1,900
RENT COMPS ANALYSIS
  • 4231 Shady Village Court Missouri City, TX 1
    • 4 beds 3 baths ∙ 2,448 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,448 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.71
    •  
  • 1119 Autumn Green Drive Missouri City, TX 2
    • 3 beds 3 baths ∙ 2,378 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,378 Sqft ∙ Built 2001
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.74
    •  
  • 4623 Green Cottage Lane Missouri City, TX 3
    • 3 beds 3 baths ∙ 2,378 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,378 Sqft ∙ Built 2000
    property image
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.74
    •  
  • 1334 Grand Falls Drive Missouri City, TX 4
    • 3 beds 3 baths ∙ 2,410 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,410 Sqft ∙ Built 1990
    property image
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.76
    •  
  • 4602 Autumn Village Court Missouri City, TX 5
    • 3 beds 3 baths ∙ 2,500 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,500 Sqft ∙ Built 2000
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.76
    •  
PROPERTY LISTING DETAILS
Sammy Younis
1.832.878.0913
Re/max Southwest
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 17129039
Last Updated: 01/30/2021
BESbswy