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59 N Planchard Circle The Woodlands, TX 77382

4 Beds 2 Baths 2,506 sqft Built 2006

$375,000

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $149.64
  • 2 Days on Market
  • MLS # : 58346577
  • Updated Date : 01/30/2021 at 14:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,506 sqft
  • Baths : 2 full
Listing Agent

Realty One Group Iconic

Listing Agent's Description

FABULOUS Corner Lot, AMAZING Custom Designed Patio with Large Backyard, pull down projection screen makes for some entertaining nights! SPACIOUS Living Room Makes this Beautiful One Story Home Unique. Dining room large enough all your guests. High Ceilings, Granite Countertops, Tile Backsplash, SS Appliances with Abundant Maple Cabinets, Fireplace and kitchen opens to living area. Spacious Master Bedroom; Master Bathroom Offers Double Sinks, and His/Her Walk-In Closets. Brand new luxury vinyl floors and neutral agreeable gray paint on walls. Walking distance to the elementary school! Highly rated schools and hike &bike trails.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Houston metro employment growth is at 1.8% and predicted to grow to 2.7% in 2019-20 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Sterling Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $113k491k

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

Neighborhood: Sterling Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10723113

* 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
Mccullough Junior High School Middle Regular 2,229 120 10
The Woodlands High School Senior Campus High Regular 4,142 228 9
Mccullough Junior High School Middle Unknown NA

Mccullough Junior High School

  • Education Level: Middle
  • # of students: 2,229
  • # of teachers: 120
10
GreatSchools Rating

The Woodlands High School Senior Campus

  • Education Level: High
  • # of students: 4,142
  • # of teachers: 228
9
GreatSchools Rating

Mccullough Junior High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$1,303
Property Tax -$736
Property Insurance -$172
Property Management Fees -$99
CASH FLOW
$41

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.

$375,000

PROJECTED PRICE

$2,350

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 2.5%
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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$8,844

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,350

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,425

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2003$2,3504$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 59 N Planchard Circle The Woodlands, TX 3
    • 4 beds 2 baths ∙ 2,506 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,506 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.94
    •  
  • 71 Whetstone Ridge Way The Woodlands, TX 1
    • 3 beds 3 baths ∙ 2,310 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,310 Sqft ∙ Built 2007
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.95
    •  
  • 46 Montfair Boulevard The Woodlands, TX 2
    • 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 2007
    LEASED 01/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.97
    •  
  • 46 Montfair Park Circle The Woodlands, TX 4
    • 4 beds 3 baths ∙ 2,506 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,506 Sqft ∙ Built 2007
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.00
    •  
  • 30 Sheltered Arbor Court The Woodlands, TX 5
    • 4 beds 4 baths ∙ 2,642 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,642 Sqft ∙ Built 2006
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.95
    •  
PROPERTY LISTING DETAILS
Heather Chavez
1.832.277.0831
Realty One Group Iconic
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 58346577
Last Updated: 01/30/2021
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