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92 N Winterport Circle The Woodlands, TX 77382

4 Beds 3 Baths 2,359 sqft Built 1995

$312,000

List Price

$2,350

$2.1K - $2.6K

Rent Est.

$88,430

Investment Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $132.26
  • 3 Days on Market
  • MLS # : 49364970
  • Updated Date : 12/18/2020 at 18:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,359 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max The Woodlands & Spring

Listing Agent's Description

***4 BEDROOMS ***2.5 BATHS **OUTDOOR COVERED PORCH***CONROE ISD SCHOOLS ***Charming Emerald home located heart of Alden Bridge, close to shopping and dining. Exemplary Conroe ISD schools. Open floor plan, light, and bright, kitchen and dining combo, granite countertops, study with French doors, formal dining, master bedroom down, high ceilings, tile, laminate and carpet, gas log fireplace. Mature landscaping and covered porch. CONROE ISD SCHOOLS

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MARKET HIGHLIGHTS

Houston Market Report
  • 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: Cochran's Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $113k547k

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

Neighborhood: Cochran's Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10723320

* 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
Bush Elementary School Primary Regular 698 42 10
Mccullough Junior High School Middle Regular 2,229 120 10
The Woodlands High School Senior Campus High Regular 4,142 228 9

Bush Elementary School

  • Education Level: Primary
  • # of students: 698
  • # of teachers: 42
10
GreatSchools Rating

Mccullough Junior High School

  • Education Level: Middle
  • # of students: 2,229
  • # of teachers: 120
10
GreatSchools Rating

The Woodlands High School Senior Campus

  • Education Level: High
  • # of students: 4,142
  • # of teachers: 228
9
GreatSchools Rating
 

FINANCIALS

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$280,800$343,200$312,000

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING
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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$1,151
Property Tax -$605
Property Insurance -$163
Property Management Fees -$99
CASH FLOW
$332

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 18% of earned rent to cover both maintenance and periods of vacancy.

$312,000

PROJECTED PRICE

$2,350

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.61%
Appreciation Year (1-5) 3.2%
Maintenance Year (1-5) 8.00%
Vacancy 10.23%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow

  • Appreciation

  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation

  • Principal

  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$88,430

INVESTMENT

$88,430

Down Payment		 $78,000
Rehab Estimate		 $5,750
Closing Costs		 $4,680

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,151

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,000
Loan Amount $234,000
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$29,805

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,350

    LIST RENT

  • $1

    LIST RENT PER SQFT

  • $2,324

    COMP ESTIMATED VALUE

  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2003$2,3504$2,4005$2,400
$2,400
RENT COMPS ANALYSIS
  • 92 N Winterport Circle The Woodlands, TX 3
    • 4 beds 3 baths ∙ 2,359 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,359 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.00
    •  
  • 18 E Pipers Green Street The Woodlands, TX 1
    • 3 beds 3 baths ∙ 2,220 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,220 Sqft ∙ Built 2004
    property image
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.95
    •  
  • 42 Lace Arbor The Woodlands, TX 2
    • 4 beds 2 baths ∙ 2,249 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,249 Sqft ∙ Built 1996
    property image
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.98
    •  
  • 3 S Acacia Park Circle The Woodlands, TX 4
    • 3 beds 3 baths ∙ 2,345 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,345 Sqft ∙ Built 1997
    property image
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.02
    •  
  • 18 Beckett Hill Place The Woodlands, TX 5
    • 4 beds 3 baths ∙ 2,435 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,435 Sqft ∙ Built 1997
    property image
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.99
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Lelia Aguilar
1.936.524.4712
Re/max The Woodlands & Spring
BUYER AGENT
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
SOURCE
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 49364970
Last Updated: 12/18/2020

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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