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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $110.12
- 3 Days on Market
- MLS # : 31516782
- Updated Date : 01/29/2021 at 21:42
CONSTRUCTION
- Beds : 4
- Floor Size : 2,451 sqft
- Baths : 2 full , 1 half
Listing Agent
Jpar - The Sears Group
Listing Agent's Description
Beautiful 2 story home with open kitchen, breakfast room, and den with corner brick fireplace. All bedrooms upstairs. Great area out back for entertaining with an extended patio that is partially covered with outdoor fans!
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: South Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: South Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,880 |
| EXPENSES | Loan Payment | -$937 |
| Property Tax | -$555 | |
| Property Insurance | -$169 | |
| HOA | -$93 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$27
|
||
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.
$269,900
PROJECTED PRICE
$1,880
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 1.4% |
| 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
$77,274
LOAN DETAILS
$937
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $67,475 |
| Loan Amount | $202,425 |
2.42
YEARS SAVED
$4,786
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,880
LIST RENT -
$0.77
LIST RENT PER SQFT
-
$1,869
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
6310 Townsgate Circle Katy, TX 2
- 4 beds 3 baths ∙ 2,451 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,451 Sqft ∙ Built 1996
![property image]()
- Rent
- Rent Per SQFT
- $1,880
- $0.77
-
6615 Everhill Circle Katy, TX 1
- 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 1995
![property image]()
LEASED 05/28/20- Rent
- Rent Per SQFT
- $1,800
- $0.76
-
6303 Faulkner Ridge Drive Katy, TX 3
- 4 beds 3 baths ∙ 2,522 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,522 Sqft ∙ Built 1996
![property image]()
LEASED 09/14/20- Rent
- Rent Per SQFT
- $1,900
- $0.75
-
6019 Marble Hollow Lane Katy, TX 4
- 4 beds 2 baths ∙ 2,650 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,650 Sqft ∙ Built 2006
![property image]()
LEASED 05/29/20- Rent
- Rent Per SQFT
- $2,000
- $0.75
-
6222 Southcott Court Katy, TX 5
- 4 beds 2 baths ∙ 2,646 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,646 Sqft ∙ Built 2005
![property image]()
LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,090
- $0.79
PROPERTY LISTING DETAILS
1.281.827.3466
Jpar - The Sears Group
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 31516782
Last Updated: 01/29/2021
