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531 Rozelle Avenue Sugar Land, TX 77498

3 Beds 3 Baths 1,896 sqft Built 1981

$255,000

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $134.49
  • 5 Days on Market
  • MLS # : 73536090
  • Updated Date : 03/18/2021 at 22:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,896 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass Re Texas, Llc

Listing Agent's Description

Where charming meets intimate, this immaculate home is nestled in the heart of the highly sought after community of Sugarmill. An unusual find & offers plenty of designer touches throughout including decorator colors, gorgeous wood tile in herringbone pattern throughout downstairs, new plush carpet, primary suite with frameless shower door and private patio access & so much more. Step inside to discover 3 BDRMS, 2 1/2 BATH, oversized family room with exposed brick fire place and wood mantel, formal dining and updated kitchen, this home is ART that you live in! Property features include, updated plumbing, water heater, granite countertops in kitchen with subway tile backsplash, designer lighting, fans & fixtures throughout & granite countertops in all baths! This home was made for indoor/outdoor entertaining with mature trees and plenty of space for all your guests to enjoy the party. With quick access to local dining, shopping and the freeway this is a MUST see and won't last long.

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

Neighborhood: Sugar Mill

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $113k352k

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

Neighborhood: Sugar Mill

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10722179

* 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
Lakeview Elementary School Primary Regular 514 37 6
Sugar Land Middle School Middle Regular 1,222 67 7
Kempner High School High Regular 2,397 124 7

Lakeview Elementary School

  • Education Level: Primary
  • # of students: 514
  • # of teachers: 37
6
GreatSchools Rating

Sugar Land Middle School

  • Education Level: Middle
  • # of students: 1,222
  • # of teachers: 67
7
GreatSchools Rating

Kempner High School

  • Education Level: High
  • # of students: 2,397
  • # of teachers: 124
7
GreatSchools Rating
 

$229,500$280,500$255,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$886
Property Tax -$477
Property Insurance -$137
HOA -$68
Property Management Fees -$99
CASH FLOW
$24

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.

$255,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.6%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$886

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$5,275

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,754

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,690
1$1,6902$1,7003$1,9004$1,9005$1,900
$1,900
RENT COMPS ANALYSIS
  • 531 Rozelle Avenue Sugar Land, TX 1
    • 3 beds 3 baths ∙ 1,896 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,896 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.89
    •  
  • 518 Muirwood Ln Lane Sugar Land, TX 2
    • 4 beds 3 baths ∙ 2,074 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,074 Sqft ∙ Built 1982
    LEASED 05/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.82
    •  
  • 415 Abbott Circle Sugar Land, TX 3
    • 3 beds 2 baths ∙ 1,975 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,975 Sqft ∙ Built 1981
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.96
    •  
  • 610 Woodlake Circle Sugar Land, TX 4
    • 3 beds 2 baths ∙ 1,975 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,975 Sqft ∙ Built 1982
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.96
    •  
  • 414 E East Hillary Circle Circle Sugar Land, TX 5
    • 3 beds 2 baths ∙ 1,975 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,975 Sqft ∙ Built 1983
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.96
    •  
PROPERTY LISTING DETAILS
Kathryn Robinson
1.404.915.6282
Compass Re Texas, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 73536090
Last Updated: 03/18/2021
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