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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: New Territory
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$69,324
LOAN DETAILS
$833
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $59,975 |
| Loan Amount | $179,925 |
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
-
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
1.281.610.2057
Re/max Fine Properties
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 62447266
Last Updated: 02/12/2021
