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47 W Twinberry Place The Woodlands, TX 77381

3 Beds 2 Baths 2,467 sqft Built 1993

$310,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
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

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: Cochran's Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $113k547k

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

Neighborhood: Cochran's Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10723320

* 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
Mitchell Intermediate School Primary Regular 1,208 63 10
Mccullough Junior High School Middle Regular 2,229 120 10
The Woodlands High School Senior Campus High Regular 4,142 228 9

Mitchell Intermediate School

  • Education Level: Primary
  • # of students: 1,208
  • # of teachers: 63
10
GreatSchools Rating

Mccullough Junior High School

  • Education Level: Middle
  • # of students: 2,229
  • # of teachers: 120
10
GreatSchools Rating

The Woodlands High School Senior Campus

  • Education Level: High
  • # of students: 4,142
  • # of teachers: 228
9
GreatSchools Rating
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,144

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

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
$2,000
1$2,0002$2,1003$2,1404$2,3755$2,550
$2,550
RENT COMPS ANALYSIS
  • 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
Honey Dunlap
1.281.236.4026
Honey & Company Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 40296635
Last Updated: 11/27/2020
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