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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $127.55
- 8 Days on Market
- MLS # : 22172719
- Updated Date : 02/24/2021 at 16:43
CONSTRUCTION
- Beds : 3
- Floor Size : 1,176 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
--Showings end Saturday, Please submit your Highest and Best Offer by Saturday End Of the Day -- Beautiful, very well kept home with a private yard and entry way, Galley Kitchen with granite countertops, Skylight, wood plank tile flooring all throughout the house, double pane windows, French doors, cozy den, granite fireplace, roof installed 2017 per seller, granite bathroom countertops, with a beautiful spacious backyard great for family gatherings. Per Seller NO previous flooding.
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: Autumn Run
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Autumn Run
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,280 |
| EXPENSES | Loan Payment | -$521 |
| Property Tax | -$350 | |
| Property Insurance | -$107 | |
| HOA | -$37 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$167
|
||
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.
$150,000
PROJECTED PRICE
$1,280
PROJECTED RENT
0.85%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.94% |
| Appreciation Year (1-5) | 8.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.80% |
| 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
$45,500
LOAN DETAILS
$521
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $37,500 |
| Loan Amount | $112,500 |
7.08
YEARS SAVED
$12,799
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,280
LIST RENT -
$1.09
LIST RENT PER SQFT
-
$1,167
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
6815 Heather Hollow Drive Katy, TX 3
- 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1984
- Rent
- Rent Per SQFT
- $1,280
- $1.09
-
17818 Glenwolf Drive Houston, TX 1
- 3 beds 2 baths ∙ 1,282 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,282 Sqft ∙ Built 1981
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,225
- $0.96
-
18530 Andalusian Drive Cypress, TX 2
- 3 beds 2 baths ∙ 1,197 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,197 Sqft ∙ Built 1982
LEASED 06/26/20- Rent
- Rent Per SQFT
- $1,225
- $1.02
-
18606 Andalusian Drive Cypress, TX 4
- 4 beds 2 baths ∙ 1,308 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,308 Sqft ∙ Built 1982
LEASED 06/15/20- Rent
- Rent Per SQFT
- $1,295
- $0.99
-
6707 Bluebottle Lane Katy, TX 5
- 3 beds 2 baths ∙ 1,305 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,305 Sqft ∙ Built 1984
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,300
- $1.00
PROPERTY LISTING DETAILS
1.281.881.1805
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 22172719
Last Updated: 02/24/2021
