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43 Queenscliff The Woodlands, TX 77382

3 Beds 3 Baths 2,420 sqft Built 2002

$308,000

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $127.27
  • 2 Days on Market
  • MLS # : 17754963
  • Updated Date : 01/02/2021 at 20:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,420 sqft
  • Baths : 2 full , 1 half
Listing Agent

All Side Realty

Listing Agent's Description

Lovely upgraded two story home nestled on a quiet community with a short 6 minute walk to Tough Elementary. 3 large bedrooms with an extra room can be used as either bedroom or game room. Granite counter tops, formal dining room, breakfast nook. Large backyard with a huge deck. Lots of shade and natural light, walk to park, Ready to move in!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Houston metro contributes to 29.5% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Sterling Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $113k491k

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

Neighborhood: Sterling Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10723113

* 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
Tough Elementary School Primary Regular 1,011 61 10
Mccullough Junior High School Middle Regular 2,229 120 10
The Woodlands High School Senior Campus High Regular 4,142 228 9

Tough Elementary School

  • Education Level: Primary
  • # of students: 1,011
  • # of teachers: 61
10
GreatSchools Rating

Mccullough Junior High School

  • Education Level: Middle
  • # of students: 2,229
  • # of teachers: 120
10
GreatSchools Rating

The Woodlands High School Senior Campus

  • Education Level: High
  • # of students: 4,142
  • # of teachers: 228
9
GreatSchools Rating
 

$277,200$338,800$308,000

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,136
Property Tax -$604
Property Insurance -$167
Property Management Fees -$99
CASH FLOW
$194

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.

$308,000

PROJECTED PRICE

$2,200

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 2.5%
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$700k$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,370

INVESTMENT

$87,370

Down Payment
$77,000
Rehab Estimate
$5,750
Closing Costs
$4,620

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,136

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,000
Loan Amount $231,000
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$21,335

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,287

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,1503$2,2004$2,2005$2,400
$2,400
RENT COMPS ANALYSIS
  • 43 Queenscliff The Woodlands, TX 4
    • 3 beds 3 baths ∙ 2,420 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,420 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.91
    •  
  • 103 Bryce Branch Circle The Woodlands, TX 1
    • 4 beds 2 baths ∙ 2,248 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,248 Sqft ∙ Built 2005
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.91
    •  
  • 138 S Queenscliff Circle The Woodlands, TX 2
    • 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2002
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.95
    •  
  • 55 N Queenscliff Circle The Woodlands, TX 3
    • 4 beds 3 baths ∙ 2,307 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,307 Sqft ∙ Built 2002
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.95
    •  
  • 111 Bryce Branch Circle The Woodlands, TX 5
    • 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 2007
    property image
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.97
    •  
PROPERTY LISTING DETAILS
Huiming Gu
1.201.310.2832
All Side Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 17754963
Last Updated: 01/02/2021
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