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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $115.79
- 5 Days on Market
- MLS # : 74295935
- Updated Date : 01/07/2021 at 11:30
CONSTRUCTION
- Beds : 4
- Floor Size : 2,444 sqft
- Baths : 2 full , 1 half
Listing Agent
Exceed Realty
Listing Agent's Description
Fabulous 2-story home nestled in the NO HOA community of Cobblestone. Features 4 beds, 2.5 baths, formal dining/flex area, game room & 2-car garage! Fresh paint Jan 2021! Great floor plan ideal for entertaining downstairs or up! Gorgeous hardwood flooring flows throughout most of the downstairs! Kitchen features SS appliances incl. gas range and refrigerator which stays! Family room has a fireplace to warm up those cozy nights in. Serene primary bedroom w/ensuite w/dual vanity sinks, separate shower & garden tub for relaxation! Huge under the stairs closet! Staircase leads to the upstairs game room with the primary and 3 secondary bedrooms, & secondary bath! All interior paint is 2021, carpets shampooed Jan 2021, 2 Nest thermostats , and 2 AC units less than 2 years old. This home has NO HOA and NO MUD taxes! Plenty of backyard space to let your imagination do some planning! Schedule your in person or virtual tour today!
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: Pearland
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pearland
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,040 |
| EXPENSES | Loan Payment | -$983 |
| Property Tax | -$636 | |
| Property Insurance | -$192 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$129
|
||
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.
$283,000
PROJECTED PRICE
$2,040
PROJECTED RENT
0.72%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 7.6% |
| 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
$80,745
LOAN DETAILS
$983
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $70,750 |
| Loan Amount | $212,250 |
4.17
YEARS SAVED
$10,783
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,040
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$2,108
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
4521 Stonebridge Drive Pearland, TX 2
- 4 beds 3 baths ∙ 2,444 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,444 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $2,040
- $0.83
-
5109 Big Springs Drive Pearland, TX 1
- 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 2001
LEASED 11/28/20- Rent
- Rent Per SQFT
- $1,925
- $0.82
-
3607 Canterbury Park Drive Pearland, TX 3
- 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 2005
LEASED 05/24/20- Rent
- Rent Per SQFT
- $2,100
- $0.84
-
4013 Ivywood Drive Pearland, TX 4
- 4 beds 4 baths ∙ 2,386 Sqft ∙ Built 1993 4 beds 4 baths ∙ 2,386 Sqft ∙ Built 1993
LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,200
- $0.92
-
4704 Lakefront Terrace Drive Pearland, TX 5
- 4 beds 3 baths ∙ 2,650 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,650 Sqft ∙ Built 2006
LEASED 06/05/20- Rent
- Rent Per SQFT
- $2,295
- $0.87
PROPERTY LISTING DETAILS
1.281.924.1322
Exceed Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 74295935
Last Updated: 01/07/2021
