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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $175.38
- 3 Days on Market
- MLS # : 40605129
- Updated Date : 12/11/2020 at 16:52
CONSTRUCTION
- Beds : 3
- Floor Size : 2,258 sqft
- Baths : 3 full , 1 half
Listing Agent
Walzel Properties
Listing Agent's Description
Home sweet home ! No across neighbors, no looking neighbors from balcony. Its on third row in first section with 4 homes. Modern / Mediterranean town homes in Shady Acres, Heights area. Beautiful stucco exterior. Built on elevated foundation with strong architectural plan and never Flooded! Extras came with standard features! Engineered hardwood floors and 3cm quartz countertops (Above standard 2cm) and frameless shower glasses throughout! All bedrooms have their own private baths, huge master bath with double vanity and huge walk-in closet, plus guest powder bath. Terrific 3 story floor plan, huge living room, kitchen island, balcony and many more! Jacuzzi in master bathroom! Luxury cabinets with soft closing system! Whirlpool stainless steel appliances! Amazing Location! Close to Downtown, restaurants, hospitals, HEB, entertainments...etc! Please check out VIRTUAL LISTING!!
SEE MORE
- 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: 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 | $2,850 |
| EXPENSES | Loan Payment | -$1,461 |
| Property Tax | -$917 | |
| Property Insurance | -$180 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$193
|
||
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.
$396,000
PROJECTED PRICE
$2,850
PROJECTED RENT
0.72%
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
$110,690
LOAN DETAILS
$1,461
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $99,000 |
| Loan Amount | $297,000 |
4.5
YEARS SAVED
$20,742
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,850
LIST RENT -
$1.26
LIST RENT PER SQFT
-
$2,839
COMP ESTIMATED VALUE -
$1.26
COMP AVG. RENT PER SQFT
Comps Range
-
919 W 17th Street Houston, TX 4
- 3 beds 4 baths ∙ 2,258 Sqft ∙ Built 2018 3 beds 4 baths ∙ 2,258 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $2,850
- $1.26
-
848 W 17th Street Houston, TX 1
- 3 beds 4 baths ∙ 2,231 Sqft ∙ Built 2014 3 beds 4 baths ∙ 2,231 Sqft ∙ Built 2014
LEASED 12/27/19- Rent
- Rent Per SQFT
- $2,700
- $1.21
-
929 W 19th Street Houston, TX 2
- 3 beds 4 baths ∙ 2,193 Sqft ∙ Built 2014 3 beds 4 baths ∙ 2,193 Sqft ∙ Built 2014
LEASED 03/07/20- Rent
- Rent Per SQFT
- $2,700
- $1.23
-
917 W 17th Street Houston, TX 3
- 3 beds 4 baths ∙ 2,258 Sqft ∙ Built 2018 3 beds 4 baths ∙ 2,258 Sqft ∙ Built 2018
LEASED 02/26/20- Rent
- Rent Per SQFT
- $2,850
- $1.26
-
915 W 17th Street Houston, TX 5
- 3 beds 4 baths ∙ 2,258 Sqft ∙ Built 2018 3 beds 4 baths ∙ 2,258 Sqft ∙ Built 2018
LEASED 12/11/20- Rent
- Rent Per SQFT
- $3,000
- $1.33
PROPERTY LISTING DETAILS
1.346.227.3225
Walzel Properties
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 40605129
Last Updated: 12/11/2020
