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43 E Sterling Pond Circle The Woodlands, TX 77382

4 Beds 3 Baths 2,494 sqft Built 1993

$324,900

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $130.27
  • 3 Days on Market
  • MLS # : 77614531
  • Updated Date : 02/26/2021 at 08:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,494 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass Re Texas, Llc

Listing Agent's Description

You're going to love this pristine 4 bed, 2.5 bath, 2 car garage house equipped with a home office with no rear neighbors! The expansive covered patio is perfect for entertaining or watching the kids play in the private backyard! Located in the family friendly neighborhood of Alden Woods with easy access to I-45. The kitchen is updated with freshly painted cabinets, granite countertops and stainless appliances. The oversized home office is perfect for those who are working from home and need a quiet place to work. Upstairs features 4 bedrooms and 2 bathrooms, the master bedroom has vaulted ceilings and a sitting area that could have many uses. The master bathroom has his and her closets, dual vanities, a jetted tub and amazing natural light. A leisurely stroll to nearby parks and nature trails!

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: Alden Bridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $113k391k

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

Neighborhood: Alden Bridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10722322

* 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
David Elementary School Primary Regular 626 36 9
Knox Junior High School Middle Regular 1,252 71 9
The Woodlands College Park High School High Regular 2,794 161 9

David Elementary School

  • Education Level: Primary
  • # of students: 626
  • # of teachers: 36
9
GreatSchools Rating

Knox Junior High School

  • Education Level: Middle
  • # of students: 1,252
  • # of teachers: 71
9
GreatSchools Rating

The Woodlands College Park High School

  • Education Level: High
  • # of students: 2,794
  • # of teachers: 161
9
GreatSchools Rating
 

$292,410$357,390$324,900

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,129
Property Tax -$630
Property Insurance -$171
Property Management Fees -$99
CASH FLOW
$211

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.

$324,900

PROJECTED PRICE

$2,240

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 2.9%
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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

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

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$91,849

INVESTMENT

$91,849

Down Payment
$81,225
Rehab Estimate
$5,750
Closing Costs
$4,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,225
Loan Amount $243,675
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$19,355

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,394

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,240
1$2,2402$2,3003$2,4504$2,6005$2,675
$2,675
RENT COMPS ANALYSIS
  • 43 E Sterling Pond Circle The Woodlands, TX 1
    • 4 beds 3 baths ∙ 2,494 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,494 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $0.90
    •  
  • 10 Windfern Place The Woodlands, TX 2
    • 4 beds 3 baths ∙ 2,640 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,640 Sqft ∙ Built 1994
    property image
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.87
    •  
  • 26 Willow Run Place The Woodlands, TX 3
    • 4 beds 2 baths ∙ 2,382 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,382 Sqft ∙ Built 1994
    property image
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.03
    •  
  • 18 E Tapestry Park Circle The Woodlands, TX 4
    • 3 beds 3 baths ∙ 2,693 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,693 Sqft ∙ Built 2005
    property image
    LEASED 12/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.97
    •  
  • 38 Terraglen Drive The Woodlands, TX 5
    • 4 beds 3 baths ∙ 2,757 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,757 Sqft ∙ Built 1994
    property image
    LEASED 09/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,675
    • $0.97
    •  
PROPERTY LISTING DETAILS
Eric Depoy
1.832.510.4554
Compass Re Texas, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 77614531
Last Updated: 02/26/2021
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