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9206 Bayou Bluff Drive Spring, TX 77379

3 Beds 2 Baths 1,631 sqft Built 1980

$180,000

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $110.36
  • 4 Days on Market
  • MLS # : 45664727
  • Updated Date : 01/23/2021 at 08:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,631 sqft
  • Baths : 2 full
Listing Agent

White Picket Realty Llc

Listing Agent's Description

Welcome to this Charming 3 bedroom 2 bathroom home located in the Colony Creek Village subdivision. Upon entering the home you will notice the floor plan offers a very spacious and open concept design. With all the bedrooms tucked to the right half of the home for privacy. The primary room offers plenty of space to unwind after a day of work and includes a nice sized walk in closet to store all of your belongings. Call to schedule your showing today!

SEE MORE

MARKET HIGHLIGHTS

  • 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: Colony Creek Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Neighborhood: Colony Creek Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9952063

* 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
Krahn Elementary School Primary Regular 741 48 8
Kleb Intermediate School Middle Regular 1,396 76 6
Klein Cain High School High Regular NA

Krahn Elementary School

  • Education Level: Primary
  • # of students: 741
  • # of teachers: 48
8
GreatSchools Rating

Kleb Intermediate School

  • Education Level: Middle
  • # of students: 1,396
  • # of teachers: 76
6
GreatSchools Rating

Klein Cain High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$162,000$198,000$180,000

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$625
Property Tax -$378
Property Insurance -$137
HOA -$25
Property Management Fees -$99
CASH FLOW
$256

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.

$180,000

PROJECTED PRICE

$1,520

PROJECTED RENT

0.84%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 6.9%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$53,450

INVESTMENT

$53,450

Down Payment
$45,000
Rehab Estimate
$5,750
Closing Costs
$2,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$625

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $45,000
Loan Amount $135,000
See What Happens When You Reinvest Cash Flow

8.58

YEARS SAVED

$20,810

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,529

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5203$1,6004$1,6005$1,695
$1,695
RENT COMPS ANALYSIS
  • 9206 Bayou Bluff Drive Spring, TX 2
    • 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.93
    •  
  • 9207 Prairie Trails Drive Spring, TX 1
    • 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 1980
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.92
    •  
  • 9202 Bayou Bluff Drive Spring, TX 3
    • 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 1993
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.01
    •  
  • 9207 Wandsworth Drive Spring, TX 4
    • 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 1988
    LEASED 01/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.88
    •  
  • 17219 Harmony Hill Drive Spring, TX 5
    • 3 beds 2 baths ∙ 1,810 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,810 Sqft ∙ Built 1987
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.94
    •  
PROPERTY LISTING DETAILS
Jacob Lopez
1.832.746.9128
White Picket Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 45664727
Last Updated: 01/23/2021
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