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PROPERTY INFO
FACTS
- Single Family
- Built In 1992
- Price/Sqft : $115.75
- 3 Days on Market
- MLS # : 64334807
- Updated Date : 12/18/2020 at 17:11
CONSTRUCTION
- Beds : 4
- Floor Size : 2,502 sqft
- Baths : 2 full , 1 half
Listing Agent
Champions Real Estate Group
Listing Agent's Description
One of a kind opportunity to purchase a heavily upgraded 4 bedroom in highly desirable Village Grove. Upgrades include new soft close cabinets in kitchen and bathrooms (2020), new level 4 granite in kitchen and all bathrooms (2020), new high end carpet (2020), new custom stained wrought iron staircase (2020), foundation professionally reinforced with transferable warranty(2020), new designer lighting and hardware (2020). new stacked stone in fireplace (2020), new leaded glass front door (2020), plantation shutters in living room and dining room, double pane windows, new stainless steel appliances (2020), Absolutely nothing comparable for this price with these upgrades. NO FLOODING. Conveniently located near Beltway 8, with easy access to League City, Deer Park, and Pearland. Students attend the prestigious Fairmont Elementary School in Deer Park ISD. Hurry, won’t last long!
SEE MORE
- 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: Village Grove
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Village Grove
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,280 |
| EXPENSES | Loan Payment | -$1,069 |
| Property Tax | -$782 | |
| Property Insurance | -$196 | |
| HOA | -$23 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$111
|
||
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.
$289,600
PROJECTED PRICE
$2,280
PROJECTED RENT
0.79%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 9.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.28% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$82,494
LOAN DETAILS
$1,069
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $72,400 |
| Loan Amount | $217,200 |
3.33
YEARS SAVED
$9,790
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,280
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$2,258
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
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4411 Kinrose Drive Pasadena, TX 4
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- Rent
- Rent Per SQFT
- $2,280
- $0.91
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6022 Spanish Oak Drive Pasadena, TX 1
- 4 beds 3 baths ∙ 2,332 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,332 Sqft ∙ Built 2002
LEASED 05/23/20- Rent
- Rent Per SQFT
- $1,900
- $0.81
-
4207 Royal Manor Drive Pasadena, TX 2
- 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 1990
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,950
- $0.90
-
4602 Oakmont Circle Pasadena, TX 3
- 3 beds 3 baths ∙ 2,152 Sqft ∙ Built 1981 3 beds 3 baths ∙ 2,152 Sqft ∙ Built 1981
LEASED 03/27/20- Rent
- Rent Per SQFT
- $2,000
- $0.93
-
6519 Stone Briar Drive Pasadena, TX 5
- 4 beds 3 baths ∙ 2,367 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,367 Sqft ∙ Built 1994
LEASED 10/14/20- Rent
- Rent Per SQFT
- $2,300
- $0.97
PROPERTY LISTING DETAILS
1.832.876.3654
Champions Real Estate Group
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 64334807
Last Updated: 12/18/2020
