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10003 Blissfull Valley Lane Tomball, TX 77375

4 Beds 3 Baths 2,920 sqft Built 2011

$274,900

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $94.14
  • 5 Days on Market
  • MLS # : 72296664
  • Updated Date : 01/21/2021 at 16:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,920 sqft
  • Baths : 2 full , 1 half
Listing Agent

Xterra Real Estate

Listing Agent's Description

So pretty 4-5 Bedroom home in MEMORIAL SPRINGS. Walk up to the lovely pillared front porch with separate storm door then glass door inset with Texas Lone Star detail, enter to find art niches and gorgeous tile floors, wood look ceramic plank in public areas and lovely diamond set tiles in wet areas. There's a downstairs bedroom which could serve as study, craft room, nursery, etc. Full bath downstairs too. The kitchen features a breakfast bar and island, along with granite counters, stainless appliances, and dark wood 42 inch cabinets. Huge den with gorgeous hill country limestone corner set fireplace. Walk up the wrought iron spindled stairs to find a spacious gameroom plus four more bedrooms, including the huge Primary bedroom. This home has an oversized backyard, perfect for outdoor play, there's even room for the pool oasis of your dreams. Come see it and make your offer, before it's gone.

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

Zip Code: 77375

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Zip Code: 77375

ZipNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10562063

* 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
Blackshear Elementary School Primary Regular 972 59 6
Ulrich Intermediate School Middle Regular 1,118 76 6
Klein Cain High School High Regular NA

Blackshear Elementary School

  • Education Level: Primary
  • # of students: 972
  • # of teachers: 59
6
GreatSchools Rating

Ulrich Intermediate School

  • Education Level: Middle
  • # of students: 1,118
  • # of teachers: 76
6
GreatSchools Rating

Klein Cain High School

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

$247,410$302,390$274,900

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$955
Property Tax -$627
Property Insurance -$219
HOA -$36
Property Management Fees -$99
CASH FLOW
$44

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.

$274,900

PROJECTED PRICE

$1,980

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 6.2%
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$700k$800k

PROJECTED ANNUAL CASH FLOW

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

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$78,599

INVESTMENT

$78,599

Down Payment
$68,725
Rehab Estimate
$5,750
Closing Costs
$4,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,725
Loan Amount $206,175
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$5,096

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,980

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $2,088

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,980
1$1,9802$2,0003$2,1004$2,2005$2,305
$2,305
RENT COMPS ANALYSIS
  • 10003 Blissfull Valley Lane Tomball, TX 1
    • 4 beds 3 baths ∙ 2,920 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,920 Sqft ∙ Built 2011
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $0.68
    •  
  • 10022 Spring Rapid Way Tomball, TX 2
    • 3 beds 3 baths ∙ 2,931 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,931 Sqft ∙ Built 2005
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.68
    •  
  • 18815 Lantern Cove Lane Tomball, TX 3
    • 4 beds 3 baths ∙ 3,154 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,154 Sqft ∙ Built 2007
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.67
    •  
  • 17634 Memorial Springs Drive Tomball, TX 4
    • 4 beds 3 baths ∙ 2,880 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,880 Sqft ∙ Built 2001
    property image
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.76
    •  
  • 1115 Bringewood Chase Drive Spring, TX 5
    • 4 beds 4 baths ∙ 3,083 Sqft ∙ Built 1998 4 beds 4 baths ∙ 3,083 Sqft ∙ Built 1998
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,305
    • $0.75
    •  
PROPERTY LISTING DETAILS
Kathy Grey
1.281.787.8461
Xterra Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 72296664
Last Updated: 01/21/2021
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