Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $134.24
- 3 Days on Market
- MLS # : 56112958
- Updated Date : 01/29/2021 at 21:42
CONSTRUCTION
- Beds : 4
- Floor Size : 2,570 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max The Woodlands & Spring
Listing Agent's Description
Nestled in the heart of Indian Springs & close to walking trails, this 4 bedroom updated home is in a quiet cul-de-sac location. The home has been tastefully upgraded over the past 5 years: Kitchen has granite counter tops and beautiful stainless appliances, recessed lighting, updated primary en-suite, new A/C (2017) New windows, New Hardi-Plank siding (2017)New back door (2017) Hot Water Heater (2020) new fence (2016 & 2017), New Barn Doors (2020). High volume ceilings in the entry & den. Some of the items loved by the current homeowners: Walk in closets in each bedroom, a large spacious kitchen, the quiet location, an oversized garage that can fit their large SUV, low utility bills and the ease of being centrally located in The Woodlands. Excellent Woodlands Schools, and close to community pool. Low Tax rate. Never flooded!
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: Village of Indian Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Village of Indian Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,280 |
| EXPENSES | Loan Payment | -$1,198 |
| Property Tax | -$663 | |
| Property Insurance | -$175 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$144
|
||
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.
$345,000
PROJECTED PRICE
$2,280
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 2.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.28% |
| 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
$97,175
LOAN DETAILS
$1,198
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $86,250 |
| Loan Amount | $258,750 |
4.42
YEARS SAVED
$14,762
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,280
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$2,499
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
62 Fire Flicker Place The Woodlands, TX 2
- 4 beds 3 baths ∙ 2,570 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,570 Sqft ∙ Built 1987
- Rent
- Rent Per SQFT
- $2,280
- $0.89
-
150 Rushwing Place Spring, TX 1
- 4 beds 3 baths ∙ 2,392 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,392 Sqft ∙ Built 1988
LEASED 01/15/21- Rent
- Rent Per SQFT
- $2,175
- $0.91
-
59 S Trace Creek Drive The Woodlands, TX 3
- 4 beds 3 baths ∙ 2,498 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,498 Sqft ∙ Built 1988
LEASED 02/05/20- Rent
- Rent Per SQFT
- $2,400
- $0.96
-
2 Eagle Rock Place The Woodlands, TX 4
- 4 beds 3 baths ∙ 2,386 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,386 Sqft ∙ Built 1988
LEASED 01/15/21- Rent
- Rent Per SQFT
- $2,400
- $1.01
-
22 Agate Stream Place The Woodlands, TX 5
- 4 beds 3 baths ∙ 2,684 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,684 Sqft ∙ Built 1997
LEASED 01/28/21- Rent
- Rent Per SQFT
- $2,700
- $1.01
PROPERTY LISTING DETAILS
1.281.740.2480
Re/max The Woodlands & Spring
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 56112958
Last Updated: 01/29/2021
