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PROPERTY INFO
FACTS
- Single Family
- Built In 1992
- Price/Sqft : $144.29
- 2 Days on Market
- MLS # : 61455644
- Updated Date : 02/20/2021 at 16:46
CONSTRUCTION
- Beds : 3
- Floor Size : 1,646 sqft
- Baths : 2 full , 1 half
Listing Agent
G&m Realty & Assoc
Listing Agent's Description
Gorgeous 2 story Cul-de-sac home with tons of uprades including new floors, granite counter tops, kitchen cabinets, and a primary bathroom oasis that will blow your mind. Access to trails for walks and very close to shopping and entertainment. Home did not flood. Don't wait.....this home will not last long!
SEE MORE
- 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: Mills Branch Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mills Branch Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,590 |
| EXPENSES | Loan Payment | -$825 |
| Property Tax | -$501 | |
| Property Insurance | -$138 | |
| HOA | -$29 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$2
|
||
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.
$237,500
PROJECTED PRICE
$1,590
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 6.8% |
| 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
$68,688
LOAN DETAILS
$825
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $59,375 |
| Loan Amount | $178,125 |
2.25
YEARS SAVED
$3,657
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,590
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$1,588
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
5110 Mountain Bluff Lane Houston, TX 3
- 3 beds 3 baths ∙ 1,646 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,646 Sqft ∙ Built 1992
- Rent
- Rent Per SQFT
- $1,590
- $0.97
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5214 Village Springs Drive Humble, TX 1
- 3 beds 2 baths ∙ 1,479 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,479 Sqft ∙ Built 1982
LEASED 05/10/20- Rent
- Rent Per SQFT
- $1,450
- $0.98
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3207 Beaver Glen Drive Kingwood, TX 2
- 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1982
LEASED 06/13/20- Rent
- Rent Per SQFT
- $1,450
- $0.92
-
3306 Appalachian Trail Houston, TX 4
- 3 beds 3 baths ∙ 1,598 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,598 Sqft ∙ Built 1991
LEASED 01/05/21- Rent
- Rent Per SQFT
- $1,600
- $1.00
-
3618 Appalachian Trail Houston, TX 5
- 3 beds 3 baths ∙ 1,778 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,778 Sqft ∙ Built 1990
LEASED 09/11/20- Rent
- Rent Per SQFT
- $1,700
- $0.96
PROPERTY LISTING DETAILS
1.281.826.9181
G&m Realty & Assoc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 61455644
Last Updated: 02/20/2021
