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PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $196.51
- 3 Days on Market
- MLS # : 50407364
- Updated Date : 01/22/2021 at 11:08
CONSTRUCTION
- Beds : 3
- Floor Size : 1,776 sqft
- Baths : 2 full , 1 half
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Wonderful detached single-family home with first floor living! Terrific walkable location within a gated community located in The Greater Heights. Open concept living area with beautiful hardwood floors. Kitchen opens to living room and features granite countertops, plenty of cabinets, and stainless steel appliances. Large dining space with easy access to the kitchen, living room, and patio. Private, fully fenced patio is a perfect place for a grill, outdoor furniture or to let pets out. Upstairs, all bedrooms are on one level with a private master bedroom and en suite bath, featuring a separate tub and shower, his and her closets, and dual sink vanity! Two additional bedrooms are spacious with a jack and jill bath. Laundry room is also located on the second floor and the washer and dryer are furnished. If you're looking for easy access to popular restaurants and the new grocery stores, this is the place! Plenty of additional parking right outside community and home has never flooded!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Shady Acres
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Shady Acres
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,490 |
| EXPENSES | Loan Payment | -$1,212 |
| Property Tax | -$736 | |
| Property Insurance | -$147 | |
| HOA | -$50 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$246
|
||
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.
$349,000
PROJECTED PRICE
$2,490
PROJECTED RENT
0.71%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 2.4% |
| 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
$98,235
LOAN DETAILS
$1,212
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,250 |
| Loan Amount | $261,750 |
5.5
YEARS SAVED
$21,021
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,490
LIST RENT -
$1.4
LIST RENT PER SQFT
-
$2,486
COMP ESTIMATED VALUE -
$1.4
COMP AVG. RENT PER SQFT
Comps Range
-
905 W 19th Street Houston, TX 3
- 3 beds 3 baths ∙ 1,776 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,776 Sqft ∙ Built 2014
- Rent
- Rent Per SQFT
- $2,490
- $1.40
-
902b W 20th Houston, TX 1
- 3 beds 4 baths ∙ 1,950 Sqft ∙ Built 2016 3 beds 4 baths ∙ 1,950 Sqft ∙ Built 2016
LEASED 07/13/20- Rent
- Rent Per SQFT
- $2,395
- $1.23
-
627 W 20th Street Houston, TX 2
- 3 beds 3 baths ∙ 1,690 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,690 Sqft ∙ Built 2004
LEASED 09/13/20- Rent
- Rent Per SQFT
- $2,400
- $1.42
-
617 W 20th Street Houston, TX 4
- 3 beds 3 baths ∙ 1,801 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,801 Sqft ∙ Built 2004
LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,600
- $1.44
-
1013 W 16th Street Houston, TX 5
- 3 beds 3 baths ∙ 1,867 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,867 Sqft ∙ Built 2007
LEASED 09/11/20- Rent
- Rent Per SQFT
- $2,825
- $1.51
PROPERTY LISTING DETAILS
1.832.524.7637
Coldwell Banker Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 50407364
Last Updated: 01/22/2021
