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735 S Marathon Way Stafford, TX 77477

4 Beds 3 Baths 2,513 sqft Built 1995

$269,900

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $107.40
  • 3 Days on Market
  • MLS # : 63654071
  • Updated Date : 02/26/2021 at 17:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,513 sqft
  • Baths : 2 full , 1 half
Listing Agent

Texas Ally Real Estate Group,

Listing Agent's Description

This beautifully updated home offers great curb appeal and comes with energy efficient solar screens. 18" diagonal tiles on first floor and equally large tiles on the second floor with mosaic backsplash. High ceiling foyer, kitchen has been fully updated with granite countertops, SS appliances, soft close drawers and cabinets, and eye-catching backsplash. Easy to clean kitchen cabinets. Plenty of windows throughout the home to provide natural lighting. Spacious backyard big enough for a pool with no backyard neighbors. Home has been freshly painted inside and outside.

SEE MORE

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: The Promenade at Stafford Run

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $105k305k

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

Neighborhood: The Promenade at Stafford Run

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10302063

* 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
Stafford Elementary School Primary Regular 710 42 4
Stafford Middle School Middle Regular 506 34 6
Stafford High School High Regular 1,001 68 3

Stafford Elementary School

  • Education Level: Primary
  • # of students: 710
  • # of teachers: 42
4
GreatSchools Rating

Stafford Middle School

  • Education Level: Middle
  • # of students: 506
  • # of teachers: 34
6
GreatSchools Rating

Stafford High School

  • Education Level: High
  • # of students: 1,001
  • # of teachers: 68
3
GreatSchools Rating
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$937
Property Tax -$473
Property Insurance -$172
HOA -$50
Property Management Fees -$99
CASH FLOW
$109

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.

$269,900

PROJECTED PRICE

$1,840

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 2.3%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$937

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$10,704

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,841

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8003$1,8404$1,8505$1,850
$1,850
RENT COMPS ANALYSIS
  • 735 S Marathon Way Stafford, TX 3
    • 4 beds 4 baths ∙ 2,513 Sqft ∙ Built 1995 4 beds 4 baths ∙ 2,513 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.73
    •  
  • 1119 Autumn Green Drive Missouri City, TX 1
    • 3 beds 3 baths ∙ 2,378 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,378 Sqft ∙ Built 2001
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.74
    •  
  • 311 Saunter Drive Stafford, TX 2
    • 3 beds 3 baths ∙ 2,563 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,563 Sqft ∙ Built 1998
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.70
    •  
  • 4127 Applecreek Bend Drive Stafford, TX 4
    • 4 beds 3 baths ∙ 2,492 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,492 Sqft ∙ Built 2005
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.74
    •  
  • 814 Wheelhouse Drive Stafford, TX 5
    • 3 beds 3 baths ∙ 2,478 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,478 Sqft ∙ Built 1997
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.75
    •  
PROPERTY LISTING DETAILS
Kashif Gaddi
1.832.929.2200
Texas Ally Real Estate Group,
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 63654071
Last Updated: 02/26/2021
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