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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $96.31
- 2 Days on Market
- MLS # : 75584562
- Updated Date : 11/14/2020 at 19:24
CONSTRUCTION
- Beds : 3
- Floor Size : 1,869 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Platinum
Listing Agent's Description
Beautiful 2 story home in Concord Bridge! This floor plan makes this home great for entertaining! Kitchen boasts of stainless appliances, gas cooktop, and much more! 3 large bedrooms, 2 full and one half bath. Extra room at the front of home is flexible to make as an office, study/library, formal dining, extra living area! Oversized backyard has endless potential. Area pool is only walking distance! Located close to amazing shopping and restaurants!! Close to Beltway 8. Great for commuters. Truly a MUST SEE!!!
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: Concord Bridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Concord Bridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,600 |
| EXPENSES | Loan Payment | -$664 |
| Property Tax | -$418 | |
| Property Insurance | -$154 | |
| HOA | -$29 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$236
|
||
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.
$180,000
PROJECTED PRICE
$1,600
PROJECTED RENT
0.89%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.94% |
| Appreciation Year (1-5) | 6.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.80% |
| 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
$53,450
LOAN DETAILS
$664
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $45,000 |
| Loan Amount | $135,000 |
8
YEARS SAVED
$22,070
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,600
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$1,663
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
6030 Dyer Brook Drive Houston, TX 4
- 3 beds 3 baths ∙ 1,869 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,869 Sqft ∙ Built 1984
- Rent
- Rent Per SQFT
- $1,600
- $0.86
-
13435 Bridgewalk Lane Houston, TX 1
- 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 1983
LEASED 01/04/20- Rent
- Rent Per SQFT
- $1,595
- $0.94
-
13715 Dempley Drive Houston, TX 2
- 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1991
LEASED 03/15/20- Rent
- Rent Per SQFT
- $1,595
- $0.88
-
13315 Misty Mill Drive Houston, TX 3
- 3 beds 2 baths ∙ 1,855 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,855 Sqft ∙ Built 1990
LEASED 11/25/19- Rent
- Rent Per SQFT
- $1,600
- $0.86
-
13219 Klamath Falls Drive Houston, TX 5
- 3 beds 3 baths ∙ 1,869 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,869 Sqft ∙ Built 1984
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,650
- $0.88
PROPERTY LISTING DETAILS
1.281.250.4498
Keller Williams Platinum
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 75584562
Last Updated: 11/14/2020
