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7 Fallshire Drive The Woodlands, TX 77381

3 Beds 2 Baths 1,330 sqft Built 1981

$219,900

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $165.34
  • 7 Days on Market
  • MLS # : 59262484
  • Updated Date : 11/10/2020 at 10:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,330 sqft
  • Baths : 2 full
Listing Agent

Messer Realty

Listing Agent's Description

Lovely 3 Bedroom / 2 Bathroom Single Story Home Nestled in the Panther Creek Subdivision of The Woodlands. Modern Design & Fixtures Centered Around the Painted Fireplace as a Focal Point. Granite Counters and Stainless Steel Range in the Kitchen. Laminate and Tile Flooring throughout. Master suite includes Walk-in Closet. Spacious Living and Dining Area. Nice sized Backyard with Back Patio Deck, Great for Entertaining. Near Local Park, Elementary, and Shopping Centers. Also, Quick and Convenient Access to the Neighborhood Walking Trail and Green Belt.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Panther Creek

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $113k368k

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

Neighborhood: Panther Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10722236

* 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
Collins Intermediate School Primary Regular 674 36 10
Collins Intermediate School Middle Regular 674 36 10
The Woodlands College Park High School High Regular 2,794 161 9

Collins Intermediate School

  • Education Level: Primary
  • # of students: 674
  • # of teachers: 36
10
GreatSchools Rating

Collins Intermediate School

  • Education Level: Middle
  • # of students: 674
  • # of teachers: 36
10
GreatSchools Rating

The Woodlands College Park High School

  • Education Level: High
  • # of students: 2,794
  • # of teachers: 161
9
GreatSchools Rating
 

$197,910$241,890$219,900

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$811
Property Tax -$406
Property Insurance -$104
Property Management Fees -$99
CASH FLOW
$130

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.

$219,900

PROJECTED PRICE

$1,550

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.3%
Maintenance Year (1-5) 8.00%
Vacancy 9.28%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,024

INVESTMENT

$64,024

Down Payment
$54,975
Rehab Estimate
$5,750
Closing Costs
$3,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$811

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $54,975
Loan Amount $164,925
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$15,118

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $1,543

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4253$1,4504$1,5505$1,650
$1,650
RENT COMPS ANALYSIS
  • 7 Fallshire Drive The Woodlands, TX 4
    • 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1981
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.17
    •  
  • 109 Fallshire Drive The Woodlands, TX 1
    • 3 beds 2 baths ∙ 1,241 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,241 Sqft ∙ Built 1981
    property image
    LEASED 01/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.12
    •  
  • 120 Fallshire Drive The Woodlands, TX 2
    • 3 beds 2 baths ∙ 1,196 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,196 Sqft ∙ Built 1981
    property image
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.19
    •  
  • 4 E Brookberry Court The Woodlands, TX 3
    • 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1981
    property image
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.09
    •  
  • 75 Fallshire Drive The Woodlands, TX 5
    • 3 beds 2 baths ∙ 1,326 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,326 Sqft ∙ Built 1976
    property image
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.24
    •  
PROPERTY LISTING DETAILS
Matthew Messer
1.713.808.9889
Messer Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 59262484
Last Updated: 11/10/2020
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