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4723 San Antonio River Drive Spring, TX 77386

3 Beds 2 Baths 1,500 sqft Built 2006

$212,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $141.33
  • 2 Days on Market
  • MLS # : 59776186
  • Updated Date : 11/02/2020 at 17:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,500 sqft
  • Baths : 2 full
Listing Agent

G&m Realty & Assoc

Listing Agent's Description

Nestled in the quiet community of Creekside Village, this charming home features an open living room, an island kitchen with a breakfast bar, and a spacious backyard. The spa-like primary suite comes equipped with a walk-in closet, dual vanities, a tub, and a separate shower. Community comforts include a nature preserve, an aquatic center, parks, trails, and more! Located near the Grand Parkway, residents enjoy easy access to The Woodlands and Porter. Students attend top-rated schools in Conroe ISD, including the prestigious Grand Oaks High School. Call today to book your private showing!

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: 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
 

$190,800$233,200$212,000

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$782
Property Tax -$385
Property Insurance -$114
Property Management Fees -$99
CASH FLOW
$1

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.

$212,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.65%

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$61,930

INVESTMENT

$61,930

Down Payment
$53,000
Rehab Estimate
$5,750
Closing Costs
$3,180

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$782

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $53,000
Loan Amount $159,000
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$5,494

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,530

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,349
1$1,3492$1,3653$1,3804$1,4505$1,500
$1,500
RENT COMPS ANALYSIS
  • 4723 San Antonio River Drive Spring, TX 3
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $0.92
    •  
  • 4831 San Antonio River Drive Spring, TX 1
    • 3 beds 2 baths ∙ 1,342 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,342 Sqft ∙ Built 2005
    property image
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,349
    • $1.01
    •  
  • 29006 Red River Loop Spring, TX 2
    • 3 beds 2 baths ∙ 1,362 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,362 Sqft ∙ Built 2005
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,365
    • $1.00
    •  
  • 4802 Neches Court Spring, TX 4
    • 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 2005
    property image
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.01
    •  
  • 28914 W Pecos River Court Spring, TX 5
    • 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 2007
    property image
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.06
    •  
PROPERTY LISTING DETAILS
Gustavo Quan
1.832.612.1091
G&m Realty & Assoc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 59776186
Last Updated: 11/02/2020
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