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18 S Bristol Oak Circle 
Spring, TX
77382
3 Beds 2 Baths 2,625 sqft
Built 1995
INVESTimate
$314,990
List Price
$89,222
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 1995
- Price/Sqft : $120.00
- 2 Days on Market
- MLS # : 16901417
- Updated Date : 08/25/2020 at 17:27
CONSTRUCTION
- Beds : 3
- Floor Size : 2,625 sqft
- Baths : 2 full
Listing Agent
Mark Dimas Properties
Listing Agent's Description
Incredible single-story home in the Woodlands featuring a spacious floor plan great for entertaining! Interior features include high ceilings, crown molding, a tile entry, both formal living and dining rooms, built-ins, a skylight, and a two-way fireplace between the den and the French door study! The eat-in kitchen boasts stylish brick accents, an island, granite-look silestone counter-tops, tile back-splash, recessed lighting, and a breakfast bar while the private master suite includes a bay window sitting area, dual sinks, a whirlpool tub, and separate shower! There's also a new AC unit in the converted garage with recessed lighting, currently being used as a fantastic gym, and wood flooring in the secondary bedrooms! This home also has lush landscaping, a covered back patio, and access to amazing amenities! Enjoy easy access to tons of desirable shopping and dining in The Woodlands area!
SEE MORE
- 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)
PRICE & RENT TRENDS
Neighborhood: Alden Bridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Alden Bridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,220 |
| EXPENSES | Loan Payment | -$1,162 |
| Property Tax | -$626 | |
| Property Insurance | -$179 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$154
|
||
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.
$314,990
PROJECTED PRICE
$2,220
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 2.92% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.28% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$89,222
LOAN DETAILS
$1,162
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $78,748 |
| Loan Amount | $236,243 |
4.67
YEARS SAVED
$17,668
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,220
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$2,258
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
18 S Bristol Oak Circle Spring, TX 1
- 3 beds 2 baths ∙ 2,625 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,625 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $2,220
- $0.85
-
87 Alden Glen Drive The Woodlands, TX 2
- 3 beds 3 baths ∙ 2,670 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,670 Sqft ∙ Built 1996
LEASED 02/23/20- Rent
- Rent Per SQFT
- $2,250
- $0.84
-
63 E Amberglow Circle The Woodlands, TX 3
- 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 1992
LEASED 11/14/19- Rent
- Rent Per SQFT
- $2,295
- $0.88
-
35 Vista Mill Place The Woodlands, TX 4
- 3 beds 3 baths ∙ 2,769 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,769 Sqft ∙ Built 1996
LEASED 03/16/20- Rent
- Rent Per SQFT
- $2,350
- $0.85
-
55 E Greywing Circle The Woodlands, TX 5
- 4 beds 3 baths ∙ 2,743 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,743 Sqft ∙ Built 1995
LEASED 08/22/20- Rent
- Rent Per SQFT
- $2,400
- $0.87
PROPERTY LISTING DETAILS
1.281.861.6199
Mark Dimas Properties
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 16901417
Last Updated: 08/25/2020
