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10011 Dawn Brook Drive Pearland, TX 77584

4 Beds 3 Baths 2,684 sqft Built 2001

$278,000

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $103.58
  • 28 Days on Market
  • MLS # : 65826887
  • Updated Date : 01/01/2021 at 19:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,684 sqft
  • Baths : 2 full , 1 half
Listing Agent

The Listing Firm

Listing Agent's Description

Beautifully updated 4 bedroom 2.5 bath home ready for your immediate move in! Open floor plan high ceilings and lots of window & storage. This house has it all! Large master suite down stairs w/ custom built-ins, his and her vanities, garden tub, separate shower & large walk-in closet. Game room upstairs. Low maintenance backyard, this is a must see!

SEE MORE

MARKET HIGHLIGHTS

  • 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: Autumn Lake

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Neighborhood: Autumn Lake

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10722063

* 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
Rogers Middle School Primary Regular 889 49 9
Berry Miller Jr High School Middle Regular 961 52 9
Glenda Dawson High School High Regular 2,257 130 8

Rogers Middle School

  • Education Level: Primary
  • # of students: 889
  • # of teachers: 49
9
GreatSchools Rating

Berry Miller Jr High School

  • Education Level: Middle
  • # of students: 961
  • # of teachers: 52
9
GreatSchools Rating

Glenda Dawson High School

  • Education Level: High
  • # of students: 2,257
  • # of teachers: 130
8
GreatSchools Rating
 

$250,200$305,800$278,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$966
Property Tax -$706
Property Insurance -$209
HOA -$27
Property Management Fees -$99
CASH FLOW
$34

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.

$278,000

PROJECTED PRICE

$2,040

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
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$79,420

INVESTMENT

$79,420

Down Payment
$69,500
Rehab Estimate
$5,750
Closing Costs
$4,170

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$966

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $69,500
Loan Amount $208,500
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$4,296

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,033

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9503$2,0004$2,0405$2,100
$2,100
RENT COMPS ANALYSIS
  • 10011 Dawn Brook Drive Pearland, TX 4
    • 4 beds 3 baths ∙ 2,684 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,684 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.76
    •  
  • 10011 Hidden Falls Drive Pearland, TX 1
    • 4 beds 3 baths ∙ 2,684 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,684 Sqft ∙ Built 2002
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.71
    •  
  • 10114 Lamb Brook Lane Pearland, TX 2
    • 4 beds 3 baths ∙ 2,554 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,554 Sqft ∙ Built 2006
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.76
    •  
  • 10103 Erin Glen Way Pearland, TX 3
    • 4 beds 3 baths ∙ 2,629 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,629 Sqft ∙ Built 2007
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.76
    •  
  • 10111 Hidden Falls Drive Pearland, TX 5
    • 4 beds 3 baths ∙ 2,629 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,629 Sqft ∙ Built 2005
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.80
    •  
PROPERTY LISTING DETAILS
Osaan Ronding
1.281.300.5201
The Listing Firm
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 65826887
Last Updated: 01/01/2021
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