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7122 Glen Rosa Dr Katy, TX 77494

4 Beds 2 Baths 1,841 sqft Built 1993

$242,000

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $131.45
  • 4 Days on Market
  • MLS # : 33583896
  • Updated Date : 02/05/2021 at 09:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,841 sqft
  • Baths : 2 full
Listing Agent

Daytown International Llc

Listing Agent's Description

Must see!!! Beautiful 1 story home with 4 bedrooms and 2 baths. locate in the great community. whole house newly fresh paint, newly Carpet, brand new built-in microwave in the kitchen, AC coil changed at Sep. 2019and more. designer framed mirrors, executive shower, and separate garden tub create a Master Retreat dreams are made of! Zone to Fort Bend Schools! convenient access to 99. low HOA, low TAX Rate. This Home has it ALL! Call for today!

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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: Hickory Creek

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $113k350k

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

Neighborhood: Hickory Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10372063

* 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
Holland Elementary School Primary Regular 944 65 9
Beckendorff Junior High School Middle Regular 1,697 89 10
Seven Lakes High School High Regular 3,463 186 10

Holland Elementary School

  • Education Level: Primary
  • # of students: 944
  • # of teachers: 65
9
GreatSchools Rating

Beckendorff Junior High School

  • Education Level: Middle
  • # of students: 1,697
  • # of teachers: 89
10
GreatSchools Rating

Seven Lakes High School

  • Education Level: High
  • # of students: 3,463
  • # of teachers: 186
10
GreatSchools Rating
 

$217,800$266,200$242,000

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$841
Property Tax -$543
Property Insurance -$133
HOA -$18
Property Management Fees -$99
CASH FLOW
$67

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.

$242,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 8.6%
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$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,880

INVESTMENT

$69,880

Down Payment
$60,500
Rehab Estimate
$5,750
Closing Costs
$3,630

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$841

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $60,500
Loan Amount $181,500
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$6,729

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,685

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7003$1,7004$1,7005$1,795
$1,795
RENT COMPS ANALYSIS
  • 7122 Glen Rosa Dr Katy, TX 4
    • 4 beds 2 baths ∙ 1,841 Sqft ∙ Built 1993 4 beds 2 baths ∙ 1,841 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.92
    •  
  • 7131 Brockington Drive Katy, TX 1
    • 3 beds 2 baths ∙ 1,828 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,828 Sqft ∙ Built 1997
    LEASED 10/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.90
    •  
  • 7003 Brockington Drive Katy, TX 2
    • 4 beds 2 baths ∙ 1,913 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,913 Sqft ∙ Built 1984
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.89
    •  
  • 7018 Brockington Drive Katy, TX 3
    • 4 beds 2 baths ∙ 1,913 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,913 Sqft ∙ Built 1984
    LEASED 01/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.89
    •  
  • 6903 Cansfield Court Katy, TX 5
    • 4 beds 2 baths ∙ 1,841 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,841 Sqft ∙ Built 1994
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.98
    •  
PROPERTY LISTING DETAILS
Jin Jin
1.832.646.2903
Daytown International Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 33583896
Last Updated: 02/05/2021
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