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4631 Sunshine Drive Sugar Land, TX 77479

3 Beds 2 Baths 1,503 sqft Built 1985

$245,000

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $163.01
  • 3 Days on Market
  • MLS # : 33793359
  • Updated Date : 11/27/2020 at 19:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,503 sqft
  • Baths : 2 full
Listing Agent

Re/max Fine Properties

Listing Agent's Description

Enjoy all of First Colony and City of Sugar Land amenities including low tax rate, HOA, and Excellent schools. Ready for move-in. Don't miss out on this completely updated 3bed/2bath zoned to Top Fort Bend Schools! Never been flooded. Gorgeous hardwood floors, high ceilings, stunning kitchen updated w/ granite counters, eye-catching backsplash & stainless appliances, remodeled master bathroom, all new carpet, new paint & backyard detail give this home lots of modern charm. Association aquatic center lap pool and water park, tennis court, park & trails, 23 acre lake. Minutes from Town Centre. Schedule your appointment today! FOR MOVE IN!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Lakefield

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $113k352k

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

Neighborhood: Lakefield

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10722179

* 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
Austin Parkway Elementary School Primary Regular 1,014 62 8
First Colony Middle School Middle Regular 1,266 69 10
Clements High School High Regular 2,439 128 10

Austin Parkway Elementary School

  • Education Level: Primary
  • # of students: 1,014
  • # of teachers: 62
8
GreatSchools Rating

First Colony Middle School

  • Education Level: Middle
  • # of students: 1,266
  • # of teachers: 69
10
GreatSchools Rating

Clements High School

  • Education Level: High
  • # of students: 2,439
  • # of teachers: 128
10
GreatSchools Rating
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$904
Property Tax -$446
Property Insurance -$114
HOA -$66
Property Management Fees -$99
CASH FLOW
$12

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.

$245,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.2%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$904

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$6,309

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,638

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,470
1$1,4702$1,5503$1,6004$1,6405$1,650
$1,650
RENT COMPS ANALYSIS
  • 4631 Sunshine Drive Sugar Land, TX 4
    • 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $1.09
    •  
  • 4718 Rainbow Run Sugar Land, TX 1
    • 3 beds 2 baths ∙ 1,354 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,354 Sqft ∙ Built 1985
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $1.09
    •  
  • 4410 Ranger Run Sugar Land, TX 2
    • 3 beds 2 baths ∙ 1,383 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,383 Sqft ∙ Built 1984
    property image
    LEASED 02/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.12
    •  
  • 4623 Rainbow Run Sugar Land, TX 3
    • 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 1985
    property image
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.03
    •  
  • 4523 Treasure Trail Sugar Land, TX 5
    • 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 1984
    property image
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.12
    •  
PROPERTY LISTING DETAILS
Lina Chou
1.713.898.8428
Re/max Fine Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 33793359
Last Updated: 11/27/2020
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