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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $99.96
- 3 Days on Market
- MLS # : 90118263
- Updated Date : 12/05/2020 at 00:20
CONSTRUCTION
- Beds : 4
- Floor Size : 2,746 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max The Woodlands & Spring
Listing Agent's Description
Greenfield Forest Estates Subdivision! 4/2.5/2 Well-cared for home on an Over-Sized Corner lot! This home is conveniently located to The Woodlands, Magnolia & Conroe. Large ~ Open floor-plan, Island kitchen, Over-Sized Cabinets, Storage Galore, Covered Front/Back Porches, New Carpet in Upstairs Just Installed new Carpet in Game-Room Upstairs plus all Secondary Bedrooms, Family Room offers High Ceilings, Tons of Natural Light, Pool-Sized Lot with large backyard. Some of the Things the Current Homeowner Love About the Home! Convenient to shopping, commuting, recreation. Quiet Small Neighborhood. Low HOA Dues & Tax Rate! Upgrades made in 2020- See list! Make your appointment today!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Greenfield Forest Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Greenfield Forest Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,200 |
| EXPENSES | Loan Payment | -$1,013 |
| Property Tax | -$484 | |
| Property Insurance | -$186 | |
| HOA | -$38 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$382
|
||
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.
$274,500
PROJECTED PRICE
$2,200
PROJECTED RENT
0.80%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 3.9% |
| 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
$78,493
LOAN DETAILS
$1,013
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $68,625 |
| Loan Amount | $205,875 |
9
YEARS SAVED
$40,227
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,200
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$2,547
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
5406 Tory Ann Drive Magnolia, TX 2
- 4 beds 3 baths ∙ 2,746 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,746 Sqft ∙ Built 2007
- Rent
- Rent Per SQFT
- $2,200
- $0.80
-
174 S Brooksedge Circle The Woodlands, TX 1
- 3 beds 3 baths ∙ 2,519 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,519 Sqft ∙ Built 1999
LEASED 06/30/19- Rent
- Rent Per SQFT
- $2,200
- $0.87
-
178 Brooksedge Court The Woodlands, TX 3
- 4 beds 2 baths ∙ 2,797 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,797 Sqft ∙ Built 1999
LEASED 03/15/20- Rent
- Rent Per SQFT
- $2,450
- $0.88
-
23 Rockledge Drive The Woodlands, TX 4
- 3 beds 4 baths ∙ 2,873 Sqft ∙ Built 2000 3 beds 4 baths ∙ 2,873 Sqft ∙ Built 2000
LEASED 08/21/20- Rent
- Rent Per SQFT
- $2,800
- $0.97
-
118 N Westwinds Circle Circle The Woodlands, TX 5
- 5 beds 4 baths ∙ 2,865 Sqft ∙ Built 2000 5 beds 4 baths ∙ 2,865 Sqft ∙ Built 2000
LEASED 09/01/20- Rent
- Rent Per SQFT
- $2,833
- $0.99
PROPERTY LISTING DETAILS
1.936.328.0737
Re/max The Woodlands & Spring
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 90118263
Last Updated: 12/05/2020
