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4311 Barchetta Trail Katy, TX 77493

5 Beds 2 Baths 2,135 sqft Built 2015

$247,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $115.69
  • 2 Days on Market
  • MLS # : 71273801
  • Updated Date : 12/05/2020 at 13:33
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,135 sqft
  • Baths : 2 full
Listing Agent

Bhgre Gary Greene

Listing Agent's Description

If you are considering purchasing new construction, don't wait! Get your 2021 Homestead exemption and close by the end of December! This is a beautiful 5 bedroom home zoned to one of the top school districts - Katy ISD. It is 1 mile to 99/ Grand Parkway on the North side which saves commute time. Close to popular shopping and restaurants. Large living and dining area combination. Kitchen has a large island and stainless steel appliances. Double sinks in the master bathroom and a large walk-in closet. This home has a sprinkler system and covered patio. Welcome Home!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$222,300$271,700$247,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$911
Property Tax -$508
Property Insurance -$150
HOA -$67
Property Management Fees -$99
CASH FLOW
$175

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.

$247,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.77%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$71,205

INVESTMENT

$71,205

Down Payment
$61,750
Rehab Estimate
$5,750
Closing Costs
$3,705

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$911

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,750
Loan Amount $185,250
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$18,063

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,916

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9003$1,9004$1,9105$2,000
$2,000
RENT COMPS ANALYSIS
  • 4311 Barchetta Trail Katy, TX 4
    • 5 beds 2 baths ∙ 2,135 Sqft ∙ Built 2015 5 beds 2 baths ∙ 2,135 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.89
    •  
  • 23815 Rivage Ridge Drive Katy, TX 1
    • 4 beds 2 baths ∙ 1,966 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,966 Sqft ∙ Built 2017
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.94
    •  
  • 4415 Aversa Drive Katy, TX 2
    • 4 beds 2 baths ∙ 2,146 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,146 Sqft ∙ Built 2016
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.89
    •  
  • 4418 Stolz Trail Katy, TX 3
    • 4 beds 2 baths ∙ 2,111 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,111 Sqft ∙ Built 2016
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.90
    •  
  • 4427 Aversa Drive Katy, TX 5
    • 4 beds 3 baths ∙ 2,317 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,317 Sqft ∙ Built 2017
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.86
    •  
PROPERTY LISTING DETAILS
Lisa Jones
Bhgre Gary Greene
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 71273801
Last Updated: 12/05/2020
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