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713 Windsor Drive Friendswood, TX 77546

3 Beds 2 Baths 1,568 sqft Built 1984

$260,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $165.82
  • 2 Days on Market
  • MLS # : 62929145
  • Updated Date : 02/06/2021 at 12:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,568 sqft
  • Baths : 2 full
Listing Agent

Utr Texas, Realtors

Listing Agent's Description

Convenient Friendswood location in Lovely Regency Estates. Easy Access to FISD Schools, Shopping & Restaurants. This Charming Home Features Three Bedrooms, Two Full Baths, Spacious Kitchen w/ Granite Counters/Breakfast Bar Open To Den, Fireplace, Formal Dining & Breakfast Rooms, Wood Laminate & Tile Floors. The Owner's Retreat boasts Granite Double Sink Vanity, Stand Up Shower/Separate Deep Garden Tub. Very Nice Guest Bathroom. Drive by, Take a Look!

SEE MORE

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: Regency Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Neighborhood: Regency Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10722091

* 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
Cline Elementary School Primary Regular 912 56 10
Friendswood High School High Regular 2,192 130 9
Windsong Intermediate School Primary Regular 559 29 10

Cline Elementary School

  • Education Level: Primary
  • # of students: 912
  • # of teachers: 56
10
GreatSchools Rating

Friendswood High School

  • Education Level: High
  • # of students: 2,192
  • # of teachers: 130
9
GreatSchools Rating

Windsong Intermediate School

  • Education Level: Primary
  • # of students: 559
  • # of teachers: 29
10
GreatSchools Rating
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$903
Property Tax -$550
Property Insurance -$133
HOA -$2
Property Management Fees -$99
CASH FLOW
$143

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.

$260,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 8.7%
Maintenance Year (1-5) 8.00%
Vacancy 9.28%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

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$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$12,720

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $1,670

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6503$1,8004$1,8305$1,950
$1,950
RENT COMPS ANALYSIS
  • 713 Windsor Drive Friendswood, TX 4
    • 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $1.17
    •  
  • 804 Buckingham Drive Friendswood, TX 1
    • 3 beds 2 baths ∙ 1,445 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,445 Sqft ∙ Built 1983
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.14
    •  
  • 535 Heather Lane Friendswood, TX 2
    • 4 beds 2 baths ∙ 1,690 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,690 Sqft ∙ Built 1982
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.98
    •  
  • 1103 W Castlewood Avenue Friendswood, TX 3
    • 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 1982
    LEASED 01/14/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.08
    •  
  • 1409 Osborne Drive Friendswood, TX 5
    • 4 beds 3 baths ∙ 1,847 Sqft ∙ Built 1982 4 beds 3 baths ∙ 1,847 Sqft ∙ Built 1982
    LEASED 08/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.06
    •  
PROPERTY LISTING DETAILS
Sean Dennis
1.281.222.6088
Utr Texas, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 62929145
Last Updated: 02/06/2021
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