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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $125.66
- 3 Days on Market
- MLS # : 40296635
- Updated Date : 11/27/2020 at 20:33
CONSTRUCTION
- Beds : 3
- Floor Size : 2,467 sqft
- Baths : 2 full
Listing Agent
Honey & Company Realty
Listing Agent's Description
Awesome One story home centrally located in The Woodlands and on a fabulous cul-de-sac! This is a fantastic one story home with 3 bedrooms and 2 full baths. The split floor plan has plenty space for everyone. The study is enclosed with beautiful glass barn doors, The Dining Room is stunning with the gorgeous lighting. The charm of the brick wall in the living room really sets this home apart. Double pane windows! Two living areas. Beautiful stone sitting area in the front and a wood deck in the back, both with water features, make this the perfect place to relax and call Home! The Elementary and High School are within walking distance. Close to shopping, parks, entertainment and schools. Easy commute to I-45, Hardy Toll and 99. Never Flooded. It is a MUST see!
SEE MORE
- 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: Cochran's Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cochran's Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,140 |
| EXPENSES | Loan Payment | -$1,144 |
| Property Tax | -$578 | |
| Property Insurance | -$170 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$149
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 18% of earned rent to cover both maintenance and periods of vacancy.
$310,000
PROJECTED PRICE
$2,140
PROJECTED RENT
0.69%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.61% |
| Appreciation Year (1-5) | 3.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 10.23% |
| 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
$87,900
LOAN DETAILS
$1,144
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $77,500 |
| Loan Amount | $232,500 |
4.25
YEARS SAVED
$14,185
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,140
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$2,202
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
47 W Twinberry Place The Woodlands, TX 3
- 3 beds 2 baths ∙ 2,467 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,467 Sqft ∙ Built 1993
- Rent
- Rent Per SQFT
- $2,140
- $0.87
-
31 Silent Brook Court The Woodlands, TX 1
- 4 beds 3 baths ∙ 2,417 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,417 Sqft ∙ Built 1985
LEASED 09/01/20- Rent
- Rent Per SQFT
- $2,000
- $0.83
-
34 W Stony End Place The Woodlands, TX 2
- 4 beds 3 baths ∙ 2,532 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,532 Sqft ∙ Built 1992
LEASED 10/15/20- Rent
- Rent Per SQFT
- $2,100
- $0.83
-
29 Summer Court The Woodlands, TX 4
- 4 beds 3 baths ∙ 2,546 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,546 Sqft ∙ Built 1991
LEASED 01/27/20- Rent
- Rent Per SQFT
- $2,375
- $0.93
-
6 Bayginger Place The Woodlands, TX 5
- 4 beds 3 baths ∙ 2,594 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,594 Sqft ∙ Built 1991
LEASED 10/09/20- Rent
- Rent Per SQFT
- $2,550
- $0.98
PROPERTY LISTING DETAILS
1.281.236.4026
Honey & Company Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 40296635
Last Updated: 11/27/2020
