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92 N Deerfoot Circle The Woodlands, TX 77380

4 Beds 3 Baths 1,613 sqft Built 1982

$259,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $160.57
  • 7 Days on Market
  • MLS # : 2086225
  • Updated Date : 01/04/2021 at 14:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,613 sqft
  • Baths : 2 full , 1 half
Listing Agent

Newhomeprograms.com Llc

Listing Agent's Description

This beautiful 2 story home features 4 bedrooms & 2.5 baths and is conveniently located in The Woodlands desirable area. Walking distance to Market street, The Woodlands Mall and I-45 N.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Grogan's Mill

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Neighborhood: Grogan's Mill

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
Lamar Elementary School Primary Regular 713 41 7
Knox Junior High School Middle Regular 1,252 71 9
The Woodlands College Park High School High Regular 2,794 161 9

Lamar Elementary School

  • Education Level: Primary
  • # of students: 713
  • # of teachers: 41
7
GreatSchools Rating

Knox Junior High School

  • Education Level: Middle
  • # of students: 1,252
  • # of teachers: 71
9
GreatSchools Rating

The Woodlands College Park High School

  • Education Level: High
  • # of students: 2,794
  • # of teachers: 161
9
GreatSchools Rating
 

$233,100$284,900$259,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$900
Property Tax -$470
Property Insurance -$120
Property Management Fees -$99
CASH FLOW
$151

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.

$259,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.3%
Maintenance Year (1-5) 8.00%
Vacancy 9.28%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,385

INVESTMENT

$74,385

Down Payment
$64,750
Rehab Estimate
$5,750
Closing Costs
$3,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$900

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,750
Loan Amount $194,250
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$14,865

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,690

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,740
1$1,7402$1,7503$1,7954$1,8505$1,880
$1,880
RENT COMPS ANALYSIS
  • 92 N Deerfoot Circle The Woodlands, TX 1
    • 4 beds 3 baths ∙ 1,613 Sqft ∙ Built 1982 4 beds 3 baths ∙ 1,613 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $1.08
    •  
  • 26546 Westwood Drive Oak Ridge North, TX 2
    • 3 beds 2 baths ∙ 1,724 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,724 Sqft ∙ Built 1967
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.02
    •  
  • 6 Woodlot Court The Woodlands, TX 3
    • 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 1982
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.03
    •  
  • 29 Brookflower Road The Woodlands, TX 4
    • 3 beds 3 baths ∙ 1,721 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,721 Sqft ∙ Built 1982
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.07
    •  
  • 70 N Deerfoot Circle The Woodlands, TX 5
    • 3 beds 2 baths ∙ 1,762 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,762 Sqft ∙ Built 1980
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $1.07
    •  
PROPERTY LISTING DETAILS
Aida Holguin-duran
1.713.855.3343
Newhomeprograms.com Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 2086225
Last Updated: 01/04/2021
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