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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $187.72
- 2 Days on Market
- MLS # : 15902680
- Updated Date : 02/20/2021 at 11:55
CONSTRUCTION
- Beds : 3
- Floor Size : 2,264 sqft
- Baths : 2 full , 1 half
Listing Agent
Compass Re Texas, Llc
Listing Agent's Description
Absolutely stunning and beautifully maintained home in sought after Shady Acres. This freestanding brick home has been updated to perfection with all the amenities one could ask for. The designer touches throughout, including plantation shutters, will make one feel right at home. The open concept living will provide the perfect space for spending time with family or entertaining. You will enjoy granite countertops and stainless appliances. The living area boast high ceilings with lots of windows making the space light and bright. Large primary bedroom and bathroom are the perfect retreat with a large walk in closet. Additional bedrooms are spacious and share a Hollywood bath. Plenty of outdoor living with two spacious fully fenced in yards. Enjoy all that Shady Acres and The Heights has to offer. An abundance of dining, nightlife and White Oak Bayou Trails. Come see why everyone is talking about Shady Acres and The Heights.
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 | $2,640 |
| EXPENSES | Loan Payment | -$1,476 |
| Property Tax | -$896 | |
| Property Insurance | -$180 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$12
|
||
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.
$425,000
PROJECTED PRICE
$2,640
PROJECTED RENT
0.62%
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
$118,375
LOAN DETAILS
$1,476
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $106,250 |
| Loan Amount | $318,750 |
2.33
YEARS SAVED
$6,907
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,640
LIST RENT -
$1.17
LIST RENT PER SQFT
-
$2,666
COMP ESTIMATED VALUE -
$1.18
COMP AVG. RENT PER SQFT
Comps Range
-
914 W 25th Street Houston, TX 2
- 3 beds 3 baths ∙ 2,264 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,264 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $2,640
- $1.17
-
2507 Brinkman Street Houston, TX 1
- 3 beds 3 baths ∙ 2,153 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,153 Sqft ∙ Built 2004
LEASED 08/04/20- Rent
- Rent Per SQFT
- $2,250
- $1.05
-
933 W 24th Street Houston, TX 3
- 3 beds 4 baths ∙ 2,202 Sqft ∙ Built 2012 3 beds 4 baths ∙ 2,202 Sqft ∙ Built 2012
LEASED 04/03/20- Rent
- Rent Per SQFT
- $2,800
- $1.27
-
948 W 24th Street Houston, TX 4
- 3 beds 4 baths ∙ 2,328 Sqft ∙ Built 2014 3 beds 4 baths ∙ 2,328 Sqft ∙ Built 2014
LEASED 01/01/21- Rent
- Rent Per SQFT
- $2,800
- $1.20
-
955 W 24th Street Houston, TX 5
- 3 beds 4 baths ∙ 2,427 Sqft ∙ Built 2015 3 beds 4 baths ∙ 2,427 Sqft ∙ Built 2015
LEASED 08/23/20- Rent
- Rent Per SQFT
- $2,900
- $1.19
PROPERTY LISTING DETAILS
1.713.320.6826
Compass Re Texas, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 15902680
Last Updated: 02/20/2021
