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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $115.24
- 6 Days on Market
- MLS # : 83401681
- Updated Date : 11/19/2020 at 20:50
CONSTRUCTION
- Beds : 4
- Floor Size : 2,473 sqft
- Baths : 2 full , 1 half
Listing Agent
Bhgre Gary Greene
Listing Agent's Description
This Kimball Hill recently updated two story with all bedrooms up is just what you are looking for, great school district (Deer Park), community neighborhood home on a cul de sac street! Updates include: AC unit (Carrier), all new wood engineered floors up, recent carpet in living area and stairs, freshly painted walls, interior/exterior, all new kitchen SS appliances, roof replaced in 2011. Open concept with soaring ceilings perfect for entertaining! This home is immaculate and features an extended covered concrete patio for dining al fresco and entertaining friends and family! Landscaping is gorgeous!
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: Baywood Oaks Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Baywood Oaks Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,200 |
| EXPENSES | Loan Payment | -$1,052 |
| Property Tax | -$691 | |
| Property Insurance | -$194 | |
| HOA | -$17 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$148
|
||
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.
$285,000
PROJECTED PRICE
$2,200
PROJECTED RENT
0.77%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 1.7% |
| 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
$81,275
LOAN DETAILS
$1,052
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $71,250 |
| Loan Amount | $213,750 |
4.33
YEARS SAVED
$13,655
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,200
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$2,232
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
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7015 Maid Stone Drive Pasadena, TX 4
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- Rent
- Rent Per SQFT
- $2,200
- $0.89
-
6022 Spanish Oak Drive Pasadena, TX 1
- 4 beds 3 baths ∙ 2,332 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,332 Sqft ∙ Built 2002
LEASED 05/23/20- Rent
- Rent Per SQFT
- $1,900
- $0.81
-
4207 Royal Manor Drive Pasadena, TX 2
- 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 1990
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,950
- $0.90
-
4602 Oakmont Circle Pasadena, TX 3
- 3 beds 3 baths ∙ 2,152 Sqft ∙ Built 1981 3 beds 3 baths ∙ 2,152 Sqft ∙ Built 1981
LEASED 03/27/20- Rent
- Rent Per SQFT
- $2,000
- $0.93
-
6519 Stone Briar Drive Pasadena, TX 5
- 4 beds 3 baths ∙ 2,367 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,367 Sqft ∙ Built 1994
LEASED 10/14/20- Rent
- Rent Per SQFT
- $2,300
- $0.97
PROPERTY LISTING DETAILS
1.713.299.7573
Bhgre Gary Greene
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 83401681
Last Updated: 11/19/2020
