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7439 Casita Drive 
Magnolia, TX
77354
4 Beds 2 Baths 2,184 sqft
Built 2013
INVESTimate
$239,900
List Price
$69,324
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PROPERTY INFO
FACTS
- Built In 2013
- Price/Sqft : $109.84
- 3 Days on Market
- MLS # : 37612187
- Updated Date : 08/24/2020 at 18:56
CONSTRUCTION
- Beds : 4
- Floor Size : 2,184 sqft
- Baths : 2 full
Listing Agent
Texas Home Group, Realtors
Listing Agent's Description
Hott New Listing Alert! Newer 2013 DR Horton Build w/BRAND NEW PAINT (WORLDLY GRAY BY SHERMIN WILLIAMS), STAINLESS WHIRLPOOL GAS STOVE, MICROWAVE, DISHWASHER AND REFRIGERATOR! (Fridge Not pictured yet) Recent professional cleaning on this Fantastic open floor plan with 3 Bedrooms and a Home Office or flex room. Other Highlights of this home include easy to clean tile floors, granite countertops with Island Kitchen open to the living, Large Master suite with garden tub, large closet, double sinks and stand up shower. Nice sized yard if you want low maintenance and a covered Patio! Extra Black refrigerator is included in the sale and is perfect for extra food and drink storage in the garage. Centrally located between The Woodlands, Tomball and Conroe makes this home is easily accessible. Schedule your showing today!
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Durango Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,740 |
| EXPENSES | Loan Payment | -$885 |
| Property Tax | -$423 | |
| Property Insurance | -$153 | |
| HOA | -$34 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$146
|
||
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.
$239,900
PROJECTED PRICE
$1,740
PROJECTED RENT
0.73%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 2.19% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.28% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$69,324
LOAN DETAILS
$885
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $59,975 |
| Loan Amount | $179,925 |
5.33
YEARS SAVED
$15,908
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,740
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$1,731
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
-
7439 Casita Drive Magnolia, TX 4
- 4 beds 2 baths ∙ 2,184 Sqft ∙ Built 2013 4 beds 2 baths ∙ 2,184 Sqft ∙ Built 2013
![property image]()
- Rent
- Rent Per SQFT
- $1,740
- $0.80
-
735 Levi Bend Magnolia, TX 1
- 3 beds 3 baths ∙ 2,030 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,030 Sqft ∙ Built 2005
![property image]()
LEASED 11/18/19- Rent
- Rent Per SQFT
- $1,550
- $0.76
-
6642 Durango Creek Drive Magnolia, TX 2
- 4 beds 3 baths ∙ 2,116 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,116 Sqft ∙ Built 2004
![property image]()
LEASED 02/15/20- Rent
- Rent Per SQFT
- $1,650
- $0.78
-
7266 Basque Country Drive Magnolia, TX 3
- 4 beds 3 baths ∙ 2,243 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,243 Sqft ∙ Built 2014
![property image]()
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,700
- $0.76
-
7419 Casita Drive Magnolia, TX 5
- 4 beds 2 baths ∙ 2,192 Sqft ∙ Built 2013 4 beds 2 baths ∙ 2,192 Sqft ∙ Built 2013
![property image]()
LEASED 10/18/19- Rent
- Rent Per SQFT
- $1,900
- $0.87
PROPERTY LISTING DETAILS
1.832.253.5087
Texas Home Group, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 37612187
Last Updated: 08/24/2020
