Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4906 Sawmill Terrace Lane Spring, TX 77389

4 Beds 3 Baths 2,587 sqft Built 2014

INVESTimate

$279,900

List Price

$2,220

$1,998 - $2,442

Rent Est.

$290,508  ( +3.79%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2014
  • Price/Sqft : $108.19
  • 80 Days on Market
  • MLS # : 65743903
  • Updated Date : 08/25/2020 at 22:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,587 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

This move-in ready home has 4 bedrooms, 3 full baths, formal living, formal dining, and breakfast room. Home boasts numerous energy efficiency features – which means less money on utilities - including (but not limited to) spray foam insulation in all exterior walls/roof and double-pane, low-e windows. Features include open floor plan, 42” cabinets, stainless steel refrigerator, microwave, dishwasher, and stove; washer and dryer; neutral, interior paint, tile flooring, window coverings; bay window in master; walk-in pantry and master closet; fireplace; covered back patio. Home is situated near the end of a cul-de-sac and has no back neighbors, making it ideal for someone who enjoys low traffic and privacy without losing walkability to neighborhood amenities including a pool, community playground, trails, and splash pad and is zoned to acclaimed Klein ISD. Please request list of all features and upgrades. *All information per seller, please verify.

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

Zip Code: 77389

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $113k384k

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

Zip Code: 77389

ZipNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100220023002400Rent in $10722416

* 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
Zwink Elementary School Primary Unknown 919 58 NA
Hildebrandt Intermediate School Middle Regular 1,136 69 7
Klein Collins High School High Regular 3,580 201 6

Zwink Elementary School

  • Education Level: Primary
  • # of students: 919
  • # of teachers: 58
NA
GreatSchools Rating

Hildebrandt Intermediate School

  • Education Level: Middle
  • # of students: 1,136
  • # of teachers: 69
7
GreatSchools Rating

Klein Collins High School

  • Education Level: High
  • # of students: 3,580
  • # of teachers: 201
6
GreatSchools Rating
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

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$700k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$1,033
Property Tax -$750
Property Insurance -$202
HOA -$71
Property Management Fees -$99
CASH FLOW
$65

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.

$279,900

PROJECTED PRICE

$2,220

PROJECTED RENT

0.79%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 3.79%
Maintenance Year (1-5) 8.00%
Vacancy 9.28%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$6,483

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,220

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,199

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2003$2,2204$2,3005$2,300
$2,300
RENT COMPS ANALYSIS
  • 4906 Sawmill Terrace Lane Spring, TX 3
    • 4 beds 3 baths ∙ 2,587 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,587 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $0.86
    •  
  • 22107 Rustling Springs Drive Spring, TX 1
    • 3 beds 5 baths ∙ 2,435 Sqft ∙ Built 2014 3 beds 5 baths ∙ 2,435 Sqft ∙ Built 2014
    property image
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.86
    •  
  • 5115 Ridge Beam Lane Spring, TX 2
    • 3 beds 3 baths ∙ 2,698 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,698 Sqft ∙ Built 2013
    property image
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.82
    •  
  • 22627 Cutter Mill Drive Spring, TX 4
    • 4 beds 3 baths ∙ 2,670 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,670 Sqft ∙ Built 2015
    property image
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.86
    •  
  • 5010 Harvest Knoll Drive Spring, TX 5
    • 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 2016
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.86
    •  
PROPERTY LISTING DETAILS
Sabrina Mcknight
1.832.264.3958
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 65743903
Last Updated: 08/25/2020
BESbswy