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8539 Woodland Knoll Lane Cypress, TX 77433

3 Beds 2 Baths 2,068 sqft Built 2006

INVESTimate

$216,000

List Price

$1,780

$1,602 - $1,958

Rent Est.

$62,990

Investment Est.

$229,435  ( +6.22%)   1 YR EST. FORECAST

PROPERTY INFO

August 26, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $104.45
  • 1 Days on Market
  • MLS # : 72330764
  • Updated Date : 08/26/2020 at 01:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,068 sqft
  • Baths : 2 full
Listing Agent

Houston Center Real Estate

Listing Agent's Description

Beautiful move in ready home in Cypress, Lone Oak Village Subdivision. This house offers 3 bedrooms, 1 study, 2 bathrooms and a 2 car garage. Kitchen features granite countertops and walk in pantry. Twelve foot ceilings throughout, fans in bedrooms and living room, crown molding in master, and more.

SEE MORE

MARKET HIGHLIGHTS

Houston Market Report
  • 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: Lone Oak

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Neighborhood: Lone Oak

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10722063

* 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
Postma Elementary School Primary Regular 1,136 54 8
Anthony Middle School Middle Regular 1,224 79 NA
Cypress Springs High School High Regular 2,942 186 5

Postma Elementary School

  • Education Level: Primary
  • # of students: 1,136
  • # of teachers: 54
8
GreatSchools Rating

Anthony Middle School

  • Education Level: Middle
  • # of students: 1,224
  • # of teachers: 79
NA
GreatSchools Rating

Cypress Springs High School

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

FINANCIALS

Learn how to read this

$194,400$237,600$216,000

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING
Learn how to read this

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$797
Property Tax -$492
Property Insurance -$167
HOA -$65
Property Management Fees -$99
CASH FLOW
$161

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.

$216,000

PROJECTED PRICE

$1,780

PROJECTED RENT

0.82%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 6.22%
Maintenance Year (1-5) 8.00%
Vacancy 9.28%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,990

INVESTMENT

$62,990

Down Payment		 $54,000
Rehab Estimate		 $5,750
Closing Costs		 $3,240

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$797

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $54,000
Loan Amount $162,000
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$13,592

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT

  • $0.86

    LIST RENT PER SQFT

  • $1,815

    COMP ESTIMATED VALUE

  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7503$1,7804$1,7955$1,860
$1,860
RENT COMPS ANALYSIS
  • 8539 Woodland Knoll Lane Cypress, TX 3
    • 3 beds 2 baths ∙ 2,068 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,068 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.86
    •  
  • 8511 Woodland Knoll Lane Cypress, TX 1
    • 3 beds 2 baths ∙ 1,923 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,923 Sqft ∙ Built 2006
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.88
    •  
  • 17606 Morning Dawn Court Houston, TX 2
    • 4 beds 2 baths ∙ 2,015 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,015 Sqft ∙ Built 2000
    LEASED 11/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.87
    •  
  • 8610 Windhaven Terrace Trail Cypress, TX 4
    • 3 beds 2 baths ∙ 2,095 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,095 Sqft ∙ Built 2007
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.86
    •  
  • 18310 Canary Bluff Lane Cypress, TX 5
    • 4 beds 3 baths ∙ 2,067 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,067 Sqft ∙ Built 2014
    LEASED 11/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.90
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Sonia Ponce
1.832.682.7901
Houston Center Real Estate
BUYER AGENT
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
SOURCE
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 72330764
Last Updated: 08/26/2020

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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