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 1988
- Price/Sqft : $128.75
- 34 Days on Market
- MLS # : 9986472
- Updated Date : 02/20/2021 at 14:14
CONSTRUCTION
- Beds : 5
- Floor Size : 2,990 sqft
- Baths : 3 full , 1 half
Listing Agent
Ca Modern Realty, Llc
Listing Agent's Description
Amazingly remodeled home in a newer neighborhood is waiting for you! New paint throughout the house! Huge master bedroom, bathroom, and closet! Recently redone kitchen and bathrooms! Stainless steel appliances! Newer flooring downstairs! Brand new carpet throughout the house! New lighting fixtures throughout the house! Great backyard, covered patio, and pool perfect for those gatherings! Won't last, call today!
SEE MORE
- Houston metro employment growth is at 1.8% and predicted to grow to 2.7% in 2019-20 (USMayors.org, 2018)
- 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)
PRICE & RENT TRENDS
Neighborhood: Sugar Mill
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sugar Mill
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,420 |
| EXPENSES | Loan Payment | -$1,337 |
| Property Tax | -$724 | |
| Property Insurance | -$200 | |
| HOA | -$68 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$8
|
||
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.
$384,950
PROJECTED PRICE
$2,420
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 5.6% |
| 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
$107,762
LOAN DETAILS
$1,337
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $96,238 |
| Loan Amount | $288,713 |
2.33
YEARS SAVED
$6,248
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,420
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$2,355
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
-
623 Green Belt Drive Sugar Land, TX 4
- 5 beds 4 baths ∙ 2,990 Sqft ∙ Built 1988 5 beds 4 baths ∙ 2,990 Sqft ∙ Built 1988
- Rent
- Rent Per SQFT
- $2,420
- $0.81
-
13831 Abbey Lane Sugar Land, TX 1
- 4 beds 4 baths ∙ 3,012 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,012 Sqft ∙ Built 2005
LEASED 04/22/20- Rent
- Rent Per SQFT
- $2,200
- $0.73
-
8207 Falling Water Court Sugar Land, TX 2
- 4 beds 4 baths ∙ 3,048 Sqft ∙ Built 1997 4 beds 4 baths ∙ 3,048 Sqft ∙ Built 1997
LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,300
- $0.75
-
511 Mill Place Court Sugar Land, TX 3
- 4 beds 3 baths ∙ 2,811 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,811 Sqft ∙ Built 1984
LEASED 11/01/20- Rent
- Rent Per SQFT
- $2,300
- $0.82
-
14203 Alamosa Court Sugar Land, TX 5
- 4 beds 4 baths ∙ 3,010 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,010 Sqft ∙ Built 2003
LEASED 07/24/20- Rent
- Rent Per SQFT
- $2,560
- $0.85
PROPERTY LISTING DETAILS
1.713.417.3702
Ca Modern Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 9986472
Last Updated: 02/20/2021
