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6104 Winter Oak Street Pearland, TX 77584

4 Beds 4 Baths 2,805 sqft Built 2005

$275,000

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2005
  • Price/Sqft : $98.04
  • 26 Days on Market
  • MLS # : 70931762
  • Updated Date : 11/02/2020 at 15:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,805 sqft
  • Baths : 3 full , 1 half
Listing Agent

Infinity Real Estate Group

Listing Agent's Description

Move in ready! Charming 2 story, 4 bedroom, 3.5 bath located in Cypress Village. Entry opens up the formal dining area & stairway leading upstairs. Wood floors throughout downstairs & new carpet upstairs (September 2020). Interior & exterior paint (October 2020). Great size kitchen with 42" cabinets, breakfast bar & black appliances. Breakfast area off the kitchen. Large Family room features lots of natural lighting. Primary bedroom with en suite features garden tub & separate shower, huge walk-in closet! 3 additional bedrooms & large sized game room with 2 full baths upstairs! The fully fenced backyard with no back neighbors is perfect for entertaining guests! Pearland ISD!!! This one will go fast! You don't want to miss out! Call today for your private tour!

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: Cypress Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Neighborhood: Cypress Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10162063

* 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
Sam Jamison Middle School Primary Regular 814 51 9
Sam Jamison Middle School Middle Regular 814 51 9
Pearland High School High Regular 2,920 177 7

Sam Jamison Middle School

  • Education Level: Primary
  • # of students: 814
  • # of teachers: 51
9
GreatSchools Rating

Sam Jamison Middle School

  • Education Level: Middle
  • # of students: 814
  • # of teachers: 51
9
GreatSchools Rating

Pearland High School

  • Education Level: High
  • # of students: 2,920
  • # of teachers: 177
7
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,015
Property Tax -$618
Property Insurance -$217
HOA -$25
Property Management Fees -$99
CASH FLOW
$46

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.

$275,000

PROJECTED PRICE

$2,020

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 7.7%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$6,990

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,104

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$2,0003$2,0204$2,1005$2,150
$2,150
RENT COMPS ANALYSIS
  • 6104 Winter Oak Street Pearland, TX 3
    • 4 beds 4 baths ∙ 2,805 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,805 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.72
    •  
  • 6110 Promenade Lane Pearland, TX 1
    • 4 beds 3 baths ∙ 2,596 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,596 Sqft ∙ Built 2004
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.69
    •  
  • 3108 Sagewood Court Pearland, TX 2
    • 4 beds 3 baths ∙ 2,535 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,535 Sqft ∙ Built 2000
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.79
    •  
  • 3208 Sumac Drive Pearland, TX 4
    • 3 beds 3 baths ∙ 3,004 Sqft ∙ Built 1999 3 beds 3 baths ∙ 3,004 Sqft ∙ Built 1999
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.70
    •  
  • 6503 Windy Way Lane Pearland, TX 5
    • 4 beds 3 baths ∙ 2,623 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,623 Sqft ∙ Built 1997
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.82
    •  
PROPERTY LISTING DETAILS
Christy Buck
1.832.264.8934
Infinity Real Estate Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 70931762
Last Updated: 11/02/2020
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