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66 S Hidden View Circle The Woodlands, TX 77381

4 Beds 3 Baths 2,632 sqft Built 1990

$399,700

List Price

$2,550

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $151.86
  • 2 Days on Market
  • MLS # : 45141843
  • Updated Date : 11/21/2020 at 17:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,632 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

In the heart of The Woodlands! Backyard oasis on private greenbelt complete with sparkling pool, spa, pergola & fire pit! Charming front porch and large, inviting driveway and front walk welcome you to this 4 bedroom, 2.5 bath home in the quiet enclave of Hidden View in Golden Sage. Main bedroom is a peaceful retreat with vaulted ceilings, laminate floors and en-suite bathroom with double sinks and large, walk-in shower. Upstairs you will find a large gameroom with a built-in screen and projector perfect for movie night and tons of storage for games and toys. Upstairs is an additional 3 bedrooms and a full bath with double sinks and mirrored medicine cabinets. Neighborhood pond great for fishing and bird watching is just steps away and neighborhood park is just a short walk! Zoned to exemplary Galatas. Quick I-45 access.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Cochran's Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $113k547k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Cochran's Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10723320

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Galatas Elementary School Primary Regular 660 40 10
Mccullough Junior High School Middle Regular 2,229 120 10
The Woodlands High School Senior Campus High Regular 4,142 228 9

Galatas Elementary School

  • Education Level: Primary
  • # of students: 660
  • # of teachers: 40
10
GreatSchools Rating

Mccullough Junior High School

  • Education Level: Middle
  • # of students: 2,229
  • # of teachers: 120
10
GreatSchools Rating

The Woodlands High School Senior Campus

  • Education Level: High
  • # of students: 4,142
  • # of teachers: 228
9
GreatSchools Rating
 

$359,730$439,670$399,700

PURCHASE PRICE

$2,295$2,805$2,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,550
EXPENSES Loan Payment -$1,475
Property Tax -$768
Property Insurance -$179
Property Management Fees -$99
CASH FLOW
$29

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 18% of earned rent to cover both maintenance and periods of vacancy.

$399,700

PROJECTED PRICE

$2,550

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.61%
Appreciation Year (1-5) 3.2%
Maintenance Year (1-5) 8.00%
Vacancy 10.23%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,671

INVESTMENT

$111,671

Down Payment
$99,925
Rehab Estimate
$5,750
Closing Costs
$5,996

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,475

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,925
Loan Amount $299,775
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$8,634

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,550

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,533

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2753$2,5504$2,6505$2,850
$2,850
RENT COMPS ANALYSIS
  • 66 S Hidden View Circle The Woodlands, TX 3
    • 4 beds 3 baths ∙ 2,632 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,632 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.97
    •  
  • 134 W Copper Sage Circle The Woodlands, TX 1
    • 5 beds 3 baths ∙ 2,524 Sqft ∙ Built 1990 5 beds 3 baths ∙ 2,524 Sqft ∙ Built 1990
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.87
    •  
  • 27 Nightwind Place The Woodlands, TX 2
    • 4 beds 3 baths ∙ 2,632 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,632 Sqft ∙ Built 1990
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $0.86
    •  
  • 69 N Peaceful Canyon Circle Circle The Woodlands, TX 4
    • 3 beds 3 baths ∙ 2,532 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,532 Sqft ∙ Built 1997
    LEASED 11/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.05
    •  
  • 14 Greenside Place The Woodlands, TX 5
    • 3 beds 3 baths ∙ 2,658 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,658 Sqft ∙ Built 1995
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.07
    •  
PROPERTY LISTING DETAILS
Kevin Baker
1.713.417.7907
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 45141843
Last Updated: 11/21/2020
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