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INVESTimate
$299,500
List Price
$85,118
REQUEST INFO
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PROPERTY INFO
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
SEE MORE
- 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: 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
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
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
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
LOAN DETAILS
$1,105
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $74,875 |
Loan Amount | $224,625 |
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
PROPERTY LISTING DETAILS
1.832.628.2206
Michael Zabrycki
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 68931646
Last Updated: 08/24/2020