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PROPERTY INFO
FACTS
- Single Family
- Built In 1981
- Price/Sqft : $110.98
- 2 Days on Market
- MLS # : 10300045
- Updated Date : 12/19/2020 at 09:10
CONSTRUCTION
- Beds : 3
- Floor Size : 1,284 sqft
- Baths : 2 full
Listing Agent
Southern Star Properties, Llc
Listing Agent's Description
TOTALLY REMODELED OVER 20k!!! Updates include Hardy Plank/ Professionally painted inside and out/ Master bath beautiful tiled shower/ Recently installed vanities/ Rich hardwoods throughout/ Great kitchen with granite countertops/ Stainless steel fridge/dishwasher and GE oven cooktop installed 12/20/ Recently replaced Rudd 14 seer air conditioner/ Insulation R38 / Attic sealed 12/20/ Huge pantry/ Remodeled laundry room/ Covered patio/ deck installed 12/20/ garage converted to a 3rd bedroom nicely done with great closet/ Some new windows/ double pane/ HUGE park-like yard with massive shade trees/ Great shed/ NEVER FLOODED/ Lifetime warranty provided for the previous foundation repairs. DARLING DARLING HOME/ WOW!!
SEE MORE
- 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: Gleneagles
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Gleneagles
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,410 |
| EXPENSES | Loan Payment | -$526 |
| Property Tax | -$343 | |
| Property Insurance | -$101 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$341
|
||
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.
$142,500
PROJECTED PRICE
$1,410
PROJECTED RENT
0.99%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 6.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.28% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$43,513
LOAN DETAILS
$526
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $35,625 |
| Loan Amount | $106,875 |
12.67
YEARS SAVED
$33,523
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,410
LIST RENT -
$1.1
LIST RENT PER SQFT
-
$1,403
COMP ESTIMATED VALUE -
$1.09
COMP AVG. RENT PER SQFT
Comps Range
-
9809 Condor Drive Conroe, TX 4
- 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 1981
![property image]()
- Rent
- Rent Per SQFT
- $1,410
- $1.10
-
9807 Kiwi Lane Conroe, TX 1
- 3 beds 2 baths ∙ 1,217 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,217 Sqft ∙ Built 1979
![property image]()
LEASED 11/25/20- Rent
- Rent Per SQFT
- $1,295
- $1.06
-
16943 Meadowlark Street Conroe, TX 2
- 3 beds 2 baths ∙ 1,212 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,212 Sqft ∙ Built 1984
![property image]()
LEASED 12/26/19- Rent
- Rent Per SQFT
- $1,300
- $1.07
-
16974 Larkspur Conroe, TX 3
- 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 1982
![property image]()
LEASED 12/31/19- Rent
- Rent Per SQFT
- $1,375
- $1.09
-
16986 Hummingbird Conroe, TX 5
- 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 1980
![property image]()
LEASED 11/06/20- Rent
- Rent Per SQFT
- $1,475
- $1.15
PROPERTY LISTING DETAILS
1.832.236.6800
Southern Star Properties, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 10300045
Last Updated: 12/19/2020
