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4521 Stonebridge Drive Pearland, TX 77584

4 Beds 4 Baths 2,444 sqft Built 1997

$270,000

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $110.47
  • 6 Days on Market
  • MLS # : 92917039
  • Updated Date : 02/10/2021 at 14:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,444 sqft
  • Baths : 3 full , 1 half
Listing Agent

Exceed Realty

Listing Agent's Description

NEW FLOORS downstairs installed on 2/3. 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! Kitchen features SS appliances incl. gas range & refrigerator which stays! Family room has a fireplace to warm up those cozy nights in. Serene primary bedroom w/en-suite 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 2021, carpets cleaned Jan 2021, 2 Nest thermostats & 2 AC units less than 2 years old. This home has NO HOA & NO MUD taxes! Plenty of backyard space includes a mature fig & pecan tree, let your imagination do some planning! Schedule your tour today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Pearland Jr High South Middle Regular 802 50 8
Pearland High School High Regular 2,920 177 7

Magnolia Elementary School

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

Pearland Jr High South

  • Education Level: Middle
  • # of students: 802
  • # of teachers: 50
8
GreatSchools Rating

Pearland High School

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

$243,000$297,000$270,000

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$938
Property Tax -$618
Property Insurance -$192
Property Management Fees -$99
CASH FLOW
$73

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.

$270,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.71%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$6,948

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,114

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,920
1$1,9202$1,9253$2,0954$2,1005$2,200
$2,200
RENT COMPS ANALYSIS
  • 4521 Stonebridge Drive Pearland, TX 1
    • 4 beds 4 baths ∙ 2,444 Sqft ∙ Built 1997 4 beds 4 baths ∙ 2,444 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.79
    •  
  • 5109 Big Springs Drive Pearland, TX 2
    • 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
    •  
  • 3916 Fernwood Drive Pearland, TX 3
    • 4 beds 3 baths ∙ 2,386 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,386 Sqft ∙ Built 1993
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.88
    •  
  • 3607 Canterbury Park Drive Pearland, TX 4
    • 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 5
    • 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
    •  
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 #: 92917039
Last Updated: 02/10/2021
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