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719 Hinsdale Magnolia, TX 77354

3 Beds 2 Baths 1,985 sqft Built 2006

$250,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2006
  • Price/Sqft : $125.94
  • 11 Days on Market
  • MLS # : 5886125
  • Updated Date : 10/24/2020 at 10:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,985 sqft
  • Baths : 2 full
Listing Agent

The Woodlands Realty

Listing Agent's Description

Spectacular Hill Country Style Stone-front home on a wonderful waterfront homesite. Features include rich pecan hardwood floors, fresh paint, brand new carpet 2-inch blinds throughout and recent 16 SEER HVAC system. Master down features high ceilings, hardwood flooring and elegant master bath suite with updated shower. Two secondary bedrooms down along with guest bath with double sinks. Extra-large gameroom/media room combo with wet bar upstairs. Spacious family room with soaring cathedral ceiling, hill country style stone fireplace, surround sound and an abundance of windows affording great natural lighting and views to the backyard and pond just beyond the back wrought iron fence. Kitchen features include high ceilings, 42" cabinets with and bay windowed breakfast room - refrigerator included. Awesome 16'X10' covered porch along with 13'X10' extended patio. Two (2) foot garage extension. This property is a must-see! Recent fence, storage shed. Refrigerator stays. No MUD taxes!

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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: Durango Creek

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Neighborhood: Durango Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9122063

* 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
Bear Branch Elementary School Primary Regular 646 39 7
Bear Branch Junior High School Middle Regular 977 51 7
Magnolia High School High Regular 1,794 118 7

Bear Branch Elementary School

  • Education Level: Primary
  • # of students: 646
  • # of teachers: 39
7
GreatSchools Rating

Bear Branch Junior High School

  • Education Level: Middle
  • # of students: 977
  • # of teachers: 51
7
GreatSchools Rating

Magnolia High School

  • Education Level: High
  • # of students: 1,794
  • # of teachers: 118
7
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$922
Property Tax -$440
Property Insurance -$142
HOA -$37
Property Management Fees -$99
CASH FLOW
$80

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.

$250,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 2.2%
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-$4.0k-$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$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$11,133

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,782

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,545
1$1,5452$1,7203$1,7254$1,7905$1,850
$1,850
RENT COMPS ANALYSIS
  • 719 Hinsdale Magnolia, TX 2
    • 3 beds 2 baths ∙ 1,985 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,985 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.87
    •  
  • 7227 Basque Country Drive Magnolia, TX 1
    • 4 beds 2 baths ∙ 1,806 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,806 Sqft ∙ Built 2014
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.86
    •  
  • 23206 Comarca Magnolia, TX 3
    • 4 beds 2 baths ∙ 1,884 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,884 Sqft ∙ Built 2014
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.92
    •  
  • 7203 Basque Country Drive Magnolia, TX 4
    • 4 beds 2 baths ∙ 2,098 Sqft ∙ Built 2014 4 beds 2 baths ∙ 2,098 Sqft ∙ Built 2014
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.85
    •  
  • 7459 Durango Creek Drive Magnolia, TX 5
    • 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 2013
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.96
    •  
PROPERTY LISTING DETAILS
Steven Johns
1.832.541.5923
The Woodlands Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 5886125
Last Updated: 10/24/2020
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