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PROPERTY INFO
FACTS
- Single Family
- Built In 1989
- Price/Sqft : $95.20
- 3 Days on Market
- MLS # : 19095268
- Updated Date : 02/20/2021 at 08:12
CONSTRUCTION
- Beds : 4
- Floor Size : 2,416 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max All Stars
Listing Agent's Description
Character abounds in this beautiful 2-story home 2 minutes to walking trail beautiful fountain view! Cul-de-sac street. Large room size with ex-large primary bedroom suite. Formal living and dining areas. Custom kitchen with granite countertops. Built-in shelving wraps the inviting fireplace and living area. Don't miss this gem in master-planned Lake Olympia. Easy access to shopping. Make your appointment today!
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: Oyster Creek Village at Lake Olympia
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Oyster Creek Village at Lake Olympia
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,780 |
| EXPENSES | Loan Payment | -$799 |
| Property Tax | -$600 | |
| Property Insurance | -$167 | |
| HOA | -$63 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$53
|
||
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.
$229,998
PROJECTED PRICE
$1,780
PROJECTED RENT
0.77%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 3.0% |
| 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
$66,699
LOAN DETAILS
$799
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $57,500 |
| Loan Amount | $172,499 |
2.5
YEARS SAVED
$4,230
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,780
LIST RENT -
$0.74
LIST RENT PER SQFT
-
$1,764
COMP ESTIMATED VALUE -
$0.73
COMP AVG. RENT PER SQFT
Comps Range
-
518 Hawthorn Place Missouri City, TX 3
- 4 beds 3 baths ∙ 2,416 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,416 Sqft ∙ Built 1989
- Rent
- Rent Per SQFT
- $1,780
- $0.74
-
822 Hyacinth Missouri City, TX 1
- 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 1995
LEASED 02/12/21- Rent
- Rent Per SQFT
- $1,750
- $0.76
-
2702 Planters View Lane Missouri City, TX 2
- 4 beds 3 baths ∙ 2,486 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,486 Sqft ∙ Built 1987
LEASED 06/20/20- Rent
- Rent Per SQFT
- $1,775
- $0.71
-
2823 Plantation Wood Lane Missouri City, TX 4
- 3 beds 3 baths ∙ 2,508 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,508 Sqft ∙ Built 1989
LEASED 12/23/20- Rent
- Rent Per SQFT
- $1,800
- $0.72
-
822 Buckeye Place Missouri City, TX 5
- 4 beds 3 baths ∙ 2,610 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,610 Sqft ∙ Built 1994
LEASED 11/30/20- Rent
- Rent Per SQFT
- $1,900
- $0.73
PROPERTY LISTING DETAILS
1.832.969.2391
Re/max All Stars
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 19095268
Last Updated: 02/20/2021
