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102 Red Eagle Court Montgomery, TX 77316

4 Beds 3 Baths 2,520 sqft Built 2016

INVESTimate

$319,500

List Price

$2,290

$2,061 - $2,519

Rent Est.

$90,418

Investment Est.

$325,443 ( +1.86%) 1 YR EST. FORECAST

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AVAILABLE

1 YEAR
Gross Yield	8.60%
NOI	$12,259

15 YEAR
Yield	5.23%
Appreciation	2.29%
TOTAL RETURN	13.29%

PROPERTY INFO

August 25, 2020 RECENTLY ADDED

FACTS

Built In 2016
Price/Sqft : $126.79
2 Days on Market
MLS # : 20477955
Updated Date : 08/25/2020 at 17:03

CONSTRUCTION

Beds : 4
Floor Size : 2,520 sqft
Baths : 2 full , 1 half

Listing Agent

Texas Home Group, Realtors

Listing Agent's Description

Gorgeous masterfully built home by Chesmar Homes, in treelined Woodforest Master Planned community, which offers residents resort-like pools, waterslides, pet parks, playgrounds, etc. This Elena plan offers beautiful hardwood floors, open concept living room/kitchen area. Kitchen features 42" cabinets with two pantries, granite breakfast bar island and stainless steel appliances. All Tv's stay along with fridge. New outdoor kitchen with the "Egg" smoker on covered patio, plus Pergola on travertine patio. Come see this magnificent home.

1 of 17 X

MARKET HIGHLIGHTS

Houston Market Report

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)

Neighborhood: Woodforest

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

Neighborhood: Woodforest

* 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
Stewart Elementary	Primary	Unknown	423	31	8
Stewart Elementary	Middle	Unknown	423	31	8
Conroe High School	High	Regular	3,480	215	4

Stewart Elementary

Education Level: Primary
# of students: 423
# of teachers: 31

GreatSchools Rating

Stewart Elementary

Education Level: Middle
# of students: 423
# of teachers: 31

GreatSchools Rating

Conroe High School

Education Level: High
# of students: 3,480
# of teachers: 215

GreatSchools Rating

FINANCIALS

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$287,550$351,45000$319,500

PURCHASE PRICE

$2,061$2,51900$2,290

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

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PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$2,290
EXPENSES	Loan Payment	-$1,179
	Property Tax	-$575
	Property Insurance	-$173
	HOA	-$96
	Property Management Fees	-$99



CASH FLOW $169

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.

$319,500

PROJECTED PRICE

$2,290

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	2.87%
Appreciation Year (1-5)	1.86%
Maintenance Year (1-5)	8.00%
Vacancy	9.28%
Length of Stay Years	2

TOTAL CASH OUT OF POCKET

INVESTMENT

$90,418

Down Payment	$79,875
Rehab Estimate	$5,750
Closing Costs	$4,793

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,179

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$79,875
Loan Amount	$239,625

See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$18,536

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$2,290
LIST RENT
$0.91
LIST RENT PER SQFT

$2,331
COMP ESTIMATED VALUE
$0.92
COMP AVG. RENT PER SQFT

Comps Range

$2,200

1$2,2002$2,2903$2,3504$2,4505$2,600

$2,600

RENT COMPS ANALYSIS

2,520
PROPERTY SQFT
$0.92
AVG RENT PER SQFT
$2,331
ESTIMATED VALUE
$2,290
LIST RENT

102 Red Eagle Court Montgomery, TX 4

4 beds 3 baths ∙ 2,520 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,520 Sqft ∙ Built 2016
Price

Price Per SQFT

$319,500

$126.79
102 Knollbrook Circle Montgomery, TX 1

3 beds 3 baths ∙ 2,552 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,552 Sqft ∙ Built 2013
SOLD 02/21/20
Price

Price Per SQFT

$275,000

$107.76
150 Kinnerly Peak Place Montgomery, TX 2

4 beds 4 baths ∙ 2,598 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,598 Sqft ∙ Built 2015
SOLD 03/13/20
Price

Price Per SQFT

$277,900

$106.97
130 N Greatwood Glen Place Montgomery, TX 3

4 beds 3 baths ∙ 2,645 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,645 Sqft ∙ Built 2016
SOLD 10/03/19
Price

Price Per SQFT

$294,000

$111.15
162 Climbing Oaks Place Montgomery, TX 5

4 beds 3 baths ∙ 2,612 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,612 Sqft ∙ Built 2016
SOLD 08/20/20
Price

Price Per SQFT

$320,000

$122.51

102 Red Eagle Court Montgomery, TX 2

4 beds 3 baths ∙ 2,520 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,520 Sqft ∙ Built 2016
Rent

Rent Per SQFT

$2,290

$0.91
218 Kinnerly Peak Place Montgomery, TX 1

4 beds 3 baths ∙ 2,441 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,441 Sqft ∙ Built 2015
LEASED 03/02/20
Rent

Rent Per SQFT

$2,200

$0.90
109 Logan Pass Court Montgomery, TX 3

4 beds 4 baths ∙ 2,617 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,617 Sqft ∙ Built 2015
LEASED 08/16/19
Rent

Rent Per SQFT

$2,350

$0.90
122 Grinnell Trail Montgomery, TX 4

4 beds 4 baths ∙ 2,603 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,603 Sqft ∙ Built 2015
LEASED 09/27/19
Rent

Rent Per SQFT

$2,450

$0.94
107 Aberdeen Pines Court Montgomery, TX 5

4 beds 4 baths ∙ 2,709 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,709 Sqft ∙ Built 2017
LEASED 10/09/19
Rent

Rent Per SQFT

$2,600

$0.96

PROPERTY LISTING DETAILS

Rebecca Watson
1.713.858.5261
Texas Home Group, Realtors

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 20477955
Last Updated: 08/25/2020

102 Red Eagle Court Montgomery, TX 77316

INVESTimate

$319,500

$2,290

$90,418

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Stewart Elementary

Stewart Elementary

Conroe High School

FINANCIALS

$287,550$351,45000$319,500

$2,061$2,51900$2,290

Acquisition Concierge

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$319,500

$2,290

0.72%

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$1,179

4.67

$18,536

$319,500

$126.79

$282,486

$112.1

COMPS RANGE

PRICE COMPS ANALYSIS

$2,290

$0.91

$2,331

$0.92

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS