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4521 Stonebridge Drive Pearland, TX 77584

4 Beds 3 Baths 2,444 sqft Built 1997

$283,000

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
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

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: Pearland

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Neighborhood: Pearland

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10352063

* 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
Magnolia Elementary School Primary Regular 808 52 10
Sam Jamison Middle School Middle Regular 814 51 9
Pearland High School High Regular 2,920 177 7

Magnolia Elementary School

  • Education Level: Primary
  • # of students: 808
  • # of teachers: 52
10
GreatSchools Rating

Sam Jamison Middle School

  • Education Level: Middle
  • # of students: 814
  • # of teachers: 51
9
GreatSchools Rating

Pearland High School

  • Education Level: High
  • # of students: 2,920
  • # of teachers: 177
7
GreatSchools Rating
 

$254,700$311,300$283,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$80,745

INVESTMENT

$80,745

Down Payment
$70,750
Rehab Estimate
$5,750
Closing Costs
$4,245

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$983

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,750
Loan Amount $212,250
See What Happens When You Reinvest Cash Flow

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
$1,925
1$1,9252$2,0403$2,1004$2,2005$2,295
$2,295
RENT COMPS ANALYSIS
  • 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
Claudia Garnett
1.281.924.1322
Exceed Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 74295935
Last Updated: 01/07/2021
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