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PROPERTY INFO
FACTS
- Single Family
- Built In 1982
- Price/Sqft : $105.71
- 74 Days on Market
- MLS # : 64263581
- Updated Date : 01/13/2021 at 15:59
CONSTRUCTION
- Beds : 3
- Floor Size : 2,100 sqft
- Baths : 2 full , 1 half
Listing Agent
Utr Texas, Realtors
Listing Agent's Description
Welcome home to this magnificent 3/2.5/2, in the highly desirable 55+ Gated Golf Course Community of CountryPlace*This gorgeous home sits on a large corner cul-de-sac lot with a lush sweeping lawn & stately oak trees*Upon entering the front door you will feel right at home in the gracious living area with high ceilings,fireplace,chandelier, wall of windows & half bath*Open floor plan great for entertaining*Formal dining area is just off the bright & cheerful kitchen*The real show stopper is the huge den with stunning cedar ceilings,brick fireplace & fabulous views of the lavish backyard*Luxurious owner's retreat with en suite bath and large walk-in closet*Oversize bedrooms with large closets*Backyard has 2 storage areas*Crane A/C 8/2020*Recent upstairs carpeting*recent dishwasher*Refrigerator,Washer/Dryer stay*The community offers an array of amenities:rated Golf,Olympic size pool,Tennis,lake for fishing,many social activities to choose from at the clubhouse*COME HOME TO GREATNESS!!
SEE MORE
- 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: Country Place
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Country Place
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,760 |
| EXPENSES | Loan Payment | -$771 |
| Property Tax | -$499 | |
| Property Insurance | -$169 | |
| HOA | -$165 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$57
|
||
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.
$222,000
PROJECTED PRICE
$1,760
PROJECTED RENT
0.79%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 6.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.28% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$64,580
LOAN DETAILS
$771
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $55,500 |
| Loan Amount | $166,500 |
2.42
YEARS SAVED
$4,029
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,760
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,817
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
903 Country Place Boulevard Pearland, TX 3
- 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 1982 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 1982
- Rent
- Rent Per SQFT
- $1,760
- $0.84
-
3922 E Peach Hollow Circle Pearland, TX 1
- 3 beds 2 baths ∙ 1,931 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,931 Sqft ∙ Built 1994
LEASED 02/27/20- Rent
- Rent Per SQFT
- $1,600
- $0.83
-
2301 Day Drive Pearland, TX 2
- 3 beds 2 baths ∙ 2,014 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,014 Sqft ∙ Built 2001
LEASED 03/25/20- Rent
- Rent Per SQFT
- $1,700
- $0.84
-
1011 Bristol Way Pearland, TX 4
- 3 beds 2 baths ∙ 2,171 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,171 Sqft ∙ Built 2000
LEASED 07/10/20- Rent
- Rent Per SQFT
- $1,880
- $0.87
-
2822 Poplar Creek Lane Pearland, TX 5
- 3 beds 2 baths ∙ 2,124 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,124 Sqft ∙ Built 1983
LEASED 10/22/20- Rent
- Rent Per SQFT
- $1,956
- $0.92
PROPERTY LISTING DETAILS
1.281.948.9289
Utr Texas, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 64263581
Last Updated: 01/13/2021
