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6 Fairmeade Bend Drive The Woodlands, TX 77381

4 Beds 3 Baths 2,227 sqft Built 1982

INVESTimate

$299,500

List Price

$1,960

$1,764 - $2,156

Rent Est.

$85,118

Investment Est.

$312,319 ( +4.28%) 1 YR EST. FORECAST

AVAILABLE

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AVAILABLE

1 YEAR
Gross Yield	7.85%
NOI	$10,324

15 YEAR
Yield	3.72%
Appreciation	3.09%
TOTAL RETURN	15.76%

PROPERTY INFO

August 24, 2020 RECENTLY ADDED

FACTS

Built In 1982
Price/Sqft : $134.49
3 Days on Market
MLS # : 68931646
Updated Date : 08/24/2020 at 12:06

CONSTRUCTION

Beds : 4
Floor Size : 2,227 sqft
Baths : 2 full , 1 half

Listing Agent

Michael Zabrycki

Listing Agent's Description

Beautiful and updated two story in the Woodlands Panther Creek area. Stunning landscape with inviting pool makes this a warm home welcome. Available for immediate occupancy. Vaulted ceilings. Tasteful updates throughout. Sally K Ride elementary and College Park High School. Washer,dryer and refrigerator included

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6 Fairmeade Bend Dr

The Woodlands, Texas

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MARKET HIGHLIGHTS

Houston Market Report

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)

Neighborhood: Panther Creek

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

Neighborhood: Panther Creek

* 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
Glen Loch Elementary School	Primary	Regular	640	37	6
Mccullough Junior High School	Middle	Regular	2,229	120	10
The Woodlands High School Senior Campus	High	Regular	4,142	228	9

Glen Loch Elementary School

Education Level: Primary
# of students: 640
# of teachers: 37

GreatSchools Rating

Mccullough Junior High School

Education Level: Middle
# of students: 2,229
# of teachers: 120

GreatSchools Rating

The Woodlands High School Senior Campus

Education Level: High
# of students: 4,142
# of teachers: 228

GreatSchools Rating

FINANCIALS

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$269,550$329,45000$299,500

PURCHASE PRICE

$1,764$2,15600$1,960

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

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PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,960
EXPENSES	Loan Payment	-$1,105
	Property Tax	-$566
	Property Insurance	-$156
	Property Management Fees	-$99




CASH FLOW $35

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.

$299,500

PROJECTED PRICE

$1,960

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	2.87%
Appreciation Year (1-5)	4.28%
Maintenance Year (1-5)	8.00%
Vacancy	9.28%
Length of Stay Years	2

TOTAL CASH OUT OF POCKET

INVESTMENT

$85,118

Down Payment	$74,875
Rehab Estimate	$5,750
Closing Costs	$4,493

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,105

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$74,875
Loan Amount	$224,625

See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$9,303

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,960
LIST RENT
$0.88
LIST RENT PER SQFT

$2,010
COMP ESTIMATED VALUE
$0.9
COMP AVG. RENT PER SQFT

Comps Range

$1,795

1$1,7952$1,9503$1,9604$1,9805$2,200

$2,200

RENT COMPS ANALYSIS

2,227
PROPERTY SQFT
$0.9
AVG RENT PER SQFT
$2,010
ESTIMATED VALUE
$1,960
LIST RENT

6 Fairmeade Bend Drive The Woodlands, TX 3

4 beds 3 baths ∙ 2,227 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,227 Sqft ∙ Built 1982
Price

Price Per SQFT

$299,500

$134.49
14 W Broken Oak Court The Woodlands, TX 1

4 beds 2 baths ∙ 1,943 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,943 Sqft ∙ Built 1982
SOLD 03/23/20
Price

Price Per SQFT

$206,500

$106.28
36 W Torch Pine Circle The Woodlands, TX 2

4 beds 3 baths ∙ 2,253 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,253 Sqft ∙ Built 1982
SOLD 03/16/20
Price

Price Per SQFT

$250,500

$111.19
5 Torch Pine Court The Woodlands, TX 4

4 beds 3 baths ∙ 2,120 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,120 Sqft ∙ Built 1983
SOLD 08/19/20
Price

Price Per SQFT

$330,000

$155.66
7 Heartleaf Court Spring, TX 5

3 beds 2 baths ∙ 2,317 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,317 Sqft ∙ Built 1994
SOLD 08/20/20
Price

Price Per SQFT

$365,000

$157.53

6 Fairmeade Bend Drive The Woodlands, TX 3

4 beds 3 baths ∙ 2,227 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,227 Sqft ∙ Built 1982
Rent

Rent Per SQFT

$1,960

$0.88
41 Cypress Pine Drive The Woodlands, TX 1

3 beds 2 baths ∙ 2,103 Sqft ∙ Built 1981 3 beds 2 baths ∙ 2,103 Sqft ∙ Built 1981
LEASED 08/14/20
Rent

Rent Per SQFT

$1,795

$0.85
86 Yewleaf Drive The Woodlands, TX 2

3 beds 2 baths ∙ 2,039 Sqft ∙ Built 1982 3 beds 2 baths ∙ 2,039 Sqft ∙ Built 1982
LEASED 10/01/19
Rent

Rent Per SQFT

$1,950

$0.96
34 W Trace Creek Drive The Woodlands, TX 4

3 beds 4 baths ∙ 2,290 Sqft ∙ Built 1987 3 beds 4 baths ∙ 2,290 Sqft ∙ Built 1987
LEASED 09/27/19
Rent

Rent Per SQFT

$1,980

$0.86
14 Summer Morning Court The Woodlands, TX 5

4 beds 2 baths ∙ 2,340 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,340 Sqft ∙ Built 1990
LEASED 10/22/19
Rent

Rent Per SQFT

$2,200

$0.94

PROPERTY LISTING DETAILS

Michael Zabrycki
1.832.628.2206
Michael Zabrycki

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 68931646
Last Updated: 08/24/2020

6 Fairmeade Bend Drive The Woodlands, TX 77381

INVESTimate

$299,500

$1,960

$85,118

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Glen Loch Elementary School

Mccullough Junior High School

The Woodlands High School Senior Campus

FINANCIALS

$269,550$329,45000$299,500

$1,764$2,15600$1,960

Acquisition Concierge

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$299,500

$1,960

0.65%

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$1,105

3.25

$9,303

$299,500

$134.49

$295,445

$132.67

COMPS RANGE

PRICE COMPS ANALYSIS

$1,960

$0.88

$2,010

$0.9

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS