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5743 Horseshoe Falls Missouri City, TX 77459

4 Beds 3 Baths 2,433 sqft Built 2004

$269,999

List Price

$2,070

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $110.97
  • 4 Days on Market
  • MLS # : 11179474
  • Updated Date : 01/02/2021 at 10:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,433 sqft
  • Baths : 2 full , 1 half
Listing Agent

Propnex Realty

Listing Agent's Description

Welcome to this Amazing Lakeview Home Located on a corner with NO back neighbors in community of Sienna Plantation in Missouri City!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Sienna Village of Anderson Spring

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k333k

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

Neighborhood: Sienna Village of Anderson Spring

ZipNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10722063

* 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
Jan Schiff Elementary School Primary Regular 1,046 63 9
First Colony Middle School Middle Regular 1,266 69 10
Ridge Point High School High Regular 2,102 108 8

Jan Schiff Elementary School

  • Education Level: Primary
  • # of students: 1,046
  • # of teachers: 63
9
GreatSchools Rating

First Colony Middle School

  • Education Level: Middle
  • # of students: 1,266
  • # of teachers: 69
10
GreatSchools Rating

Ridge Point High School

  • Education Level: High
  • # of students: 2,102
  • # of teachers: 108
8
GreatSchools Rating
 

$242,999$296,999$269,999

PURCHASE PRICE

$1,863$2,277$2,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,070
EXPENSES Loan Payment -$996
Property Tax -$671
Property Insurance -$168
HOA -$79
Property Management Fees -$99
CASH FLOW
$57

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.

$269,999

PROJECTED PRICE

$2,070

PROJECTED RENT

0.77%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 2.8%
Maintenance Year (1-5) 8.00%
Vacancy 9.28%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
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$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,500
Loan Amount $202,499
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$6,663

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,070

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,105

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,070
1$2,0702$2,1003$2,1504$2,2005$2,200
$2,200
RENT COMPS ANALYSIS
  • 5743 Horseshoe Falls Missouri City, TX 1
    • 4 beds 3 baths ∙ 2,433 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,433 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,070
    • $0.85
    •  
  • 5935 Story Book Trail Missouri City, TX 2
    • 4 beds 3 baths ∙ 2,632 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,632 Sqft ∙ Built 2006
    property image
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.80
    •  
  • 5631 Horseshoe Falls Missouri City, TX 3
    • 4 beds 2 baths ∙ 2,354 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,354 Sqft ∙ Built 2005
    property image
    LEASED 06/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.91
    •  
  • 8214 Golden Harbour Missouri City, TX 4
    • 4 beds 3 baths ∙ 2,433 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,433 Sqft ∙ Built 2005
    property image
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.90
    •  
  • 8007 Jamesy Way Missouri City, TX 5
    • 4 beds 3 baths ∙ 2,589 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,589 Sqft ∙ Built 2018
    property image
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.85
    •  
PROPERTY LISTING DETAILS
Yanjun Shen
1.832.720.3758
Propnex Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 11179474
Last Updated: 01/02/2021
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