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7927 Raven Creek Lane Cypress, TX 77433

3 Beds 2 Baths 1,830 sqft Built 2005

$205,000

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $112.02
  • 4 Days on Market
  • MLS # : 74279822
  • Updated Date : 01/15/2021 at 10:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,830 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Platinum

Listing Agent's Description

Gorgeous single story, 3 bedroom 2 full bath home located in Cypress Springs. Crown molding throughout living areas along with laminate wood flooring; tile in the wet areas. Kitchen with beautiful granite counters, tile backsplash, stainless steel appliances has a prep island, breakfast bar, walk-in pantry and is open to the family room. Primary bedroom is ensuite with walk-in shower. Fenced in backyard with play equipment. Recently replaced A/C and Water Heater. Seller is original Homeowner.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Houston metro contributes to 29.5% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Cypress Springs

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $105k303k

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

Neighborhood: Cypress Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9652060

* 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
Andre Elementary School Primary Regular 1,235 72 7
Hopper Middle School Middle Regular 1,369 94 6
Cypress Springs High School High Regular 2,942 186 5

Andre Elementary School

  • Education Level: Primary
  • # of students: 1,235
  • # of teachers: 72
7
GreatSchools Rating

Hopper Middle School

  • Education Level: Middle
  • # of students: 1,369
  • # of teachers: 94
6
GreatSchools Rating

Cypress Springs High School

  • Education Level: High
  • # of students: 2,942
  • # of teachers: 186
5
GreatSchools Rating
 

$184,500$225,500$205,000

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$712
Property Tax -$390
Property Insurance -$151
HOA -$26
Property Management Fees -$99
CASH FLOW
$142

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.

$205,000

PROJECTED PRICE

$1,520

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 3.8%
Maintenance Year (1-5) 8.00%
Vacancy 8.80%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$60,075

INVESTMENT

$60,075

Down Payment
$51,250
Rehab Estimate
$5,750
Closing Costs
$3,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$712

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $51,250
Loan Amount $153,750
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$12,664

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,556

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,375
1$1,3752$1,5203$1,5504$1,5505$1,600
$1,600
RENT COMPS ANALYSIS
  • 7927 Raven Creek Lane Cypress, TX 2
    • 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.83
    •  
  • 19727 Winston Hill Drive Cypress, TX 1
    • 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 2003
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.80
    •  
  • 7910 Raven Creek Lane Cypress, TX 3
    • 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 2005
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.84
    •  
  • 7927 Cardinal Landing Lane Cypress, TX 4
    • 3 beds 2 baths ∙ 1,786 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,786 Sqft ∙ Built 2009
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.87
    •  
  • 19854 Laurel Trail Drive Cypress, TX 5
    • 4 beds 3 baths ∙ 1,790 Sqft ∙ Built 2002 4 beds 3 baths ∙ 1,790 Sqft ∙ Built 2002
    LEASED 12/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.89
    •  
PROPERTY LISTING DETAILS
Fatena Younes
1.832.671.9141
Keller Williams Platinum
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 74279822
Last Updated: 01/15/2021
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