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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $129.96
- 3 Days on Market
- MLS # : 80582760
- Updated Date : 02/20/2021 at 18:10
CONSTRUCTION
- Beds : 4
- Floor Size : 2,724 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Realty
Listing Agent's Description
Set in the heart of The Woodlands, this cozy retreat is minutes from I-45, The Woodlands Mall and Hughes Landing. Open concept floor plan with spacious rooms compose each of the well-executed levels. The living room features a gas log fireplace, sand & stain hardwoods, and natural light that add warmth and dimension. Chef's kitchen is anchored by stainless steel appliances, quartz counter tops and updated cabinetry. Bedrooms are reserved to the 2nd floor. Master suite features, double doors that open up to the Hollywood tub, standing shower, dual vanities and large walk in closet. Back patio transitions you outside creating the ideal setting to enjoy the fresh breeze and mature trees. Zoned to Woodlands Schools!
SEE MORE
- 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: Alden Bridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Alden Bridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,280 |
| EXPENSES | Loan Payment | -$1,230 |
| Property Tax | -$686 | |
| Property Insurance | -$184 | |
| HOA | -$58 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$23
|
||
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.
$354,000
PROJECTED PRICE
$2,280
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 2.9% |
| 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
$99,560
LOAN DETAILS
$1,230
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $88,500 |
| Loan Amount | $265,500 |
2.58
YEARS SAVED
$6,927
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,280
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$2,370
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
7 Windfern Place The Woodlands, TX 3
- 4 beds 3 baths ∙ 2,724 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,724 Sqft ∙ Built 1994
- Rent
- Rent Per SQFT
- $2,280
- $0.84
-
182 W Sterling Pond Circle The Woodlands, TX 1
- 4 beds 4 baths ∙ 2,748 Sqft ∙ Built 1994 4 beds 4 baths ∙ 2,748 Sqft ∙ Built 1994
LEASED 10/08/20- Rent
- Rent Per SQFT
- $2,200
- $0.80
-
79 Terraglen Drive The Woodlands, TX 2
- 3 beds 2 baths ∙ 2,680 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,680 Sqft ∙ Built 1995
LEASED 03/13/20- Rent
- Rent Per SQFT
- $2,225
- $0.83
-
10 Windfern Place The Woodlands, TX 4
- 4 beds 3 baths ∙ 2,640 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,640 Sqft ∙ Built 1994
LEASED 08/24/20- Rent
- Rent Per SQFT
- $2,300
- $0.87
-
35 S Silver Crescent Circle The Woodlands, TX 5
- 4 beds 3 baths ∙ 3,046 Sqft ∙ Built 1994 4 beds 3 baths ∙ 3,046 Sqft ∙ Built 1994
LEASED 09/20/19- Rent
- Rent Per SQFT
- $3,000
- $0.98
PROPERTY LISTING DETAILS
1.281.797.9308
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 80582760
Last Updated: 02/20/2021
