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4706 Stoney Point Court Sugar Land, TX 77479

3 Beds 2 Baths 1,641 sqft Built 1994

$239,900

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $146.19
  • 3 Days on Market
  • MLS # : 62447266
  • Updated Date : 02/12/2021 at 18:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,641 sqft
  • Baths : 2 full
Listing Agent

Re/max Fine Properties

Listing Agent's Description

WOW, Honey stop the car so we can check out this amazing remodeled beauty. This is like stepping into a brand new home but within the established neighborhood of New Territory! Super 3 bedroom, 2 bath, w/2 car attached garage plus den w/gorgeous stone fireplace, formal dining, kitchen, breakfast room & indoor utility room! Recent ceramic tile floors made to look like wood floors throughout plus recent carpet in all 3 bedrooms. Recently painted inside & out, newer custom cabinets in the kitchen along w/up to date granite & modern faucet. Updated lighting in the entry & dining room. Guest bath w/custom cabinets, granite & newer plumbing fixtures. Bedrooms & living room all have recently replaced ceiling fans! Custom cabinets in the utility room. Large primary bedroom w/recent custom vanity in master bath w/granite counter tops & newer fixtures throughout and a recent glass shower door & enclosure. Pretty front yard shrubs & plantings. All new interior blinds soon! This is a must see!!

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: New Territory

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $113k366k

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

Neighborhood: New Territory

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10722281

* 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
Brazos Bend Elementary School Primary Regular 607 39 10
Sartartia Middle School Middle Regular 1,302 64 10
Travis High School High Regular 2,501 132 8

Brazos Bend Elementary School

  • Education Level: Primary
  • # of students: 607
  • # of teachers: 39
10
GreatSchools Rating

Sartartia Middle School

  • Education Level: Middle
  • # of students: 1,302
  • # of teachers: 64
10
GreatSchools Rating

Travis High School

  • Education Level: High
  • # of students: 2,501
  • # of teachers: 132
8
GreatSchools Rating
 

$215,910$263,890$239,900

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$833
Property Tax -$484
Property Insurance -$122
HOA -$88
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.

$239,900

PROJECTED PRICE

$1,700

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 2.3%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,324

INVESTMENT

$69,324

Down Payment
$59,975
Rehab Estimate
$5,750
Closing Costs
$3,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$833

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $59,975
Loan Amount $179,925
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$7,015

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,575

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6503$1,6504$1,7005$1,700
$1,700
RENT COMPS ANALYSIS
  • 4706 Stoney Point Court Sugar Land, TX 5
    • 3 beds 2 baths ∙ 1,641 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,641 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.04
    •  
  • 5431 Santa Chase Lane Sugar Land, TX 1
    • 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 1999
    LEASED 12/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.96
    •  
  • 4803 Knights Branch Dr Drive Sugar Land, TX 2
    • 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1998
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.96
    •  
  • 4707 Torrington Sugar Land, TX 3
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1994
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.92
    •  
  • 907 W Presley Way Sugar Land, TX 4
    • 3 beds 2 baths ∙ 1,693 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,693 Sqft ∙ Built 1997
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.00
    •  
PROPERTY LISTING DETAILS
Joe Rosa
1.281.610.2057
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 #: 62447266
Last Updated: 02/12/2021
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