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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $144.46
- 2 Days on Market
- MLS # : 3107446
- Updated Date : 02/20/2021 at 04:13
CONSTRUCTION
- Beds : 4
- Floor Size : 2,942 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Signature
Listing Agent's Description
Stunning home located in desired Summerlyn features tons of natural light, hardwood and concrete floors, crown molding, abundant storage with room under stairs, and spacious laundry/mud room. Kitchen is open with granite counters, stainless steel appliances, bar, and gorgeous cabinetry overlooking breakfast room and den w/gas fireplace. Elegant formal dining, study w/8ft French doors and bay window. This 4 bedroom has all bedrooms up with secluded game room; The property is very private as the lush landscaping offers an amazing view and direct access to acres of wooded and creek filled haven! Relax in this backyard sanctuary with wrought iron fence, jasmine arbor gate, patio lights, hard wired landscaping lights, fire pit and gas hookup for grill and more!1 car porte-cochere & 2 car garage. 2 recent hot water heaters added, NEW AC 2018 & 2019, NEW ROOF April 2020! Back yard has been measured for back yard pool!
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: Alden Bridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Alden Bridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,760 |
| EXPENSES | Loan Payment | -$1,476 |
| Property Tax | -$845 | |
| Property Insurance | -$197 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$143
|
||
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.
$425,000
PROJECTED PRICE
$2,760
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 2.9% |
| 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
$118,375
LOAN DETAILS
$1,476
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $106,250 |
| Loan Amount | $318,750 |
4.08
YEARS SAVED
$15,673
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,760
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$2,788
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
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18 Egan Lake Place Spring, TX 1
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LEASED 09/25/19- Rent
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- $2,400
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178 Brooksedge Court The Woodlands, TX 2
- 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
-
118 N Westwinds Circle Circle The Woodlands, TX 4
- 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
-
10 Kenmare Court The Woodlands, TX 5
- 4 beds 3 baths ∙ 3,149 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,149 Sqft ∙ Built 1999
LEASED 03/15/20- Rent
- Rent Per SQFT
- $3,200
- $1.02
PROPERTY LISTING DETAILS
1.936.697.9430
Re/max Signature
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 3107446
Last Updated: 02/20/2021
