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611 Pine View Circle 
Montgomery, TX
77356
3 Beds 2 Baths 1,780 sqft
Built 1998
INVESTimate
$224,900
List Price
$65,349
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PROPERTY INFO
FACTS
- Built In 1998
- Price/Sqft : $126.35
- 62 Days on Market
- MLS # : 70343799
- Updated Date : 08/24/2020 at 12:34
CONSTRUCTION
- Beds : 3
- Floor Size : 1,780 sqft
- Baths : 2 full
Listing Agent
Homelister, Inc
Listing Agent's Description
Beautiful home on a wooded lot located in very private section of subdivision. This 3 bedroom 2 bath home has an open floor plan. Kitchen and Breakfast area have tile floors. Kitchen has granite counter tops and a breakfast bar, granite sink and stainless appliances a pantry and breakfast area. Living area with high ceilings, ceiling fan has a wood burning fireplace and vinyl floors. Bathrooms have tile floors and one of the bathrooms has double sinks and separate tub and shower. Bedrooms and halls have vinyl floors. Master bedroom with walk in closet. No carpet in house. Three year old roof. Large deck with 300 plus covered square feet. ceiling fans with lights. Very nice wood cover. 60x18 one year old driveway with space to park an boat or RV. Community pool and club house access to boat dock and public boat ramp.
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: Cape Conroe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cape Conroe
* 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 | $1,440 |
| EXPENSES | Loan Payment | -$830 |
| Property Tax | -$388 | |
| Property Insurance | -$130 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$7
|
||
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.
$224,900
PROJECTED PRICE
$1,440
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 5.33% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.28% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$65,349
LOAN DETAILS
$830
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $56,225 |
| Loan Amount | $168,675 |
2.67
YEARS SAVED
$5,553
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,440
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$1,446
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
-
611 Pine View Circle Montgomery, TX 3
- 3 beds 2 baths ∙ 1,780 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,780 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $1,440
- $0.81
-
411 Lazy Lane Montgomery, TX 1
- 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 2001
LEASED 02/28/20- Rent
- Rent Per SQFT
- $1,350
- $0.79
-
318 Lazy Lane Montgomery, TX 2
- 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1998
LEASED 03/28/20- Rent
- Rent Per SQFT
- $1,400
- $0.78
-
327 Leisure Lane Montgomery, TX 4
- 3 beds 2 baths ∙ 1,828 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,828 Sqft ∙ Built 1999
LEASED 08/19/19- Rent
- Rent Per SQFT
- $1,575
- $0.86
-
311 Lazy Lane Montgomery, TX 5
- 4 beds 2 baths ∙ 1,960 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,960 Sqft ∙ Built 2015
LEASED 07/01/19- Rent
- Rent Per SQFT
- $1,600
- $0.82
PROPERTY LISTING DETAILS
1.855.400.8566
Homelister, Inc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 70343799
Last Updated: 08/24/2020
