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4631 Trinity River Court Spring, TX 77386

4 Beds 3 Baths 1,820 sqft Built 2006

$185,000

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $101.65
  • 4 Days on Market
  • MLS # : 30366377
  • Updated Date : 11/21/2020 at 09:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,820 sqft
  • Baths : 2 full , 1 half
Listing Agent

Texas Home Group, Realtors

Listing Agent's Description

**ALL OFFERS DUE BY THE END OF THE DAY ON SUNDAY, NOVEMBER 22.** Welcome home to 4631 Trinity River Court! This is where location meets function. This home is one of the larger in the neighborhood and is nestled at the end of a quiet culdesac. There are only neighbors on one side and backs to a greenbelt. Upstairs there is four bedrooms and two full bathrooms. There is plenty of of space in the backyard. Laminate floors have been recently added to the living room and a shower renovation to the primary bathroom. Don't miss out on this one... it will go fast!

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: Creekside Village

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300kPrice in $77k305k

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

Neighborhood: Creekside Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8072063

* 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
Bradley Elementary Primary Unknown NA
York Junior High School Middle Regular 1,002 58 8
Grand Oaks High School High Unknown NA

Bradley Elementary

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

York Junior High School

  • Education Level: Middle
  • # of students: 1,002
  • # of teachers: 58
8
GreatSchools Rating

Grand Oaks High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$166,500$203,500$185,000

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$683
Property Tax -$336
Property Insurance -$132
HOA -$42
Property Management Fees -$99
CASH FLOW
$249

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.

$185,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.83%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.5%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$54,775

INVESTMENT

$54,775

Down Payment
$46,250
Rehab Estimate
$5,750
Closing Costs
$2,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$683

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $46,250
Loan Amount $138,750
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$24,716

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,593

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,540
1$1,5402$1,5503$1,5504$1,5755$1,695
$1,695
RENT COMPS ANALYSIS
  • 4631 Trinity River Court Spring, TX 1
    • 4 beds 3 baths ∙ 1,820 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,820 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.85
    •  
  • 4627 San Jacinto River Drive Spring, TX 2
    • 4 beds 3 baths ∙ 1,820 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,820 Sqft ∙ Built 2006
    property image
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.85
    •  
  • 4703 San Antonio River Drive Spring, TX 3
    • 4 beds 3 baths ∙ 1,820 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,820 Sqft ∙ Built 2006
    property image
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.85
    •  
  • 4603 Canadian River Court Spring, TX 4
    • 4 beds 3 baths ∙ 1,820 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,820 Sqft ∙ Built 2006
    property image
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.87
    •  
  • 4114 Medina River Court Spring, TX 5
    • 4 beds 2 baths ∙ 1,814 Sqft ∙ Built 2009 4 beds 2 baths ∙ 1,814 Sqft ∙ Built 2009
    property image
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.93
    •  
PROPERTY LISTING DETAILS
Sarah Gongora
1.281.734.5888
Texas Home Group, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 30366377
Last Updated: 11/21/2020
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