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PROPERTY INFO
FACTS
- Single Family
- Built In 2013
- Price/Sqft : $119.53
- 3 Days on Market
- MLS # : 21074543
- Updated Date : 01/01/2021 at 12:07
CONSTRUCTION
- Beds : 3
- Floor Size : 1,941 sqft
- Baths : 2 full , 1 half
Listing Agent
Exp Realty, Llc
Listing Agent's Description
Stunning 2-story home in small, gated community of Wilshire Court, a newer, quiet subdivision. A charming covered front porch with a stone facade welcomes you into the home. Formal dining room upon entry. This well-maintained home has everything you need for your enjoyment and comfort. The large den with vaulted ceiling is great for entertaining. Beautiful kitchen, open to den, has plenty of cabinet space and granite counters with tile backsplash, plenty of space for your culinary needs and includes a breakfast area. Primary bedroom on 1st floor has lovely en-suite with separate soaking tub and walk-in shower, double sinks plus nice sized walk-in closet. No carpet on 1st floor. Two additional bedrooms, full bath, plus a game room on 2nd floor. Upstairs bedroom furniture available-new, rarely used. First floor also has half bath. Refrigerator included. Ceiling fans in all rooms. Conveniently located close to 290, 610, Beltway and more! Don’t Hesitate!
SEE MORE
- 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)
- Houston metro contributes to 29.5% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Wilshire Court
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Wilshire Court
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,780 |
| EXPENSES | Loan Payment | -$856 |
| Property Tax | -$489 | |
| Property Insurance | -$158 | |
| HOA | -$70 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$108
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.
$232,000
PROJECTED PRICE
$1,780
PROJECTED RENT
0.77%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.99% |
| Appreciation Year (1-5) | 6.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.01% |
| 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
$67,230
LOAN DETAILS
$856
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $58,000 |
| Loan Amount | $174,000 |
4.67
YEARS SAVED
$13,345
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,780
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,800
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
6515 Wilshire Fern Houston, TX 2
- 3 beds 3 baths ∙ 1,941 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,941 Sqft ∙ Built 2013
- Rent
- Rent Per SQFT
- $1,780
- $0.92
-
6503 Wilshire Ridge Houston, TX 1
- 3 beds 3 baths ∙ 1,819 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,819 Sqft ∙ Built 2014
LEASED 08/26/20- Rent
- Rent Per SQFT
- $1,700
- $0.93
-
6506 Wilshire Lakes Houston, TX 3
- 4 beds 3 baths ∙ 2,013 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,013 Sqft ∙ Built 2013
LEASED 04/25/20- Rent
- Rent Per SQFT
- $1,800
- $0.89
-
6435 Wilshire Lks Houston, TX 4
- 4 beds 3 baths ∙ 1,968 Sqft ∙ Built 2013 4 beds 3 baths ∙ 1,968 Sqft ∙ Built 2013
LEASED 06/04/20- Rent
- Rent Per SQFT
- $1,840
- $0.93
-
6511 Wilshire Lakes Houston, TX 5
- 3 beds 3 baths ∙ 2,063 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,063 Sqft ∙ Built 2013
LEASED 08/21/20- Rent
- Rent Per SQFT
- $1,975
- $0.96
PROPERTY LISTING DETAILS
1.832.260.3743
Exp Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 21074543
Last Updated: 01/01/2021
