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10030 Arcadian Springs Lane Tomball, TX 77375

3 Beds 2 Baths 1,750 sqft Built 2009

$215,000

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $122.86
  • 2 Days on Market
  • MLS # : 26510867
  • Updated Date : 03/06/2021 at 21:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,750 sqft
  • Baths : 2 full
Listing Agent

Integrity Texas Properties

Listing Agent's Description

Great single story home in Memorial Springs. Nice floor plan with Island kitchen, granite counter tops, gas range and plenty of cabinets. Recent interior paint throughout the majority of the house. Open floor plan to the family room with high ceilings , rounded corners throughout and fireplace. Formal dining room or study. Energy Star home. Primary bathroom has separate shower , dual sinks and garden style whirlpool tub. Nice size easily maintained back yard and covered patio. Nice storage shed stays. Great lake with walks and pool in community.

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 Unknown 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
 

$193,500$236,500$215,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$747
Property Tax -$491
Property Insurance -$142
HOA -$36
Property Management Fees -$99
CASH FLOW
$125

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.

$215,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.76%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$747

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$9,456

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,645

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6003$1,6404$1,6755$1,685
$1,685
RENT COMPS ANALYSIS
  • 10030 Arcadian Springs Lane Tomball, TX 3
    • 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.94
    •  
  • 10006 Kendahlwood Lane Tomball, TX 1
    • 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 2010
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.99
    •  
  • 10007 Kendahlwood Lane Tomball, TX 2
    • 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 2011
    LEASED 01/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.91
    •  
  • 18530 Melissa Springs Drive Tomball, TX 4
    • 3 beds 3 baths ∙ 1,909 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,909 Sqft ∙ Built 2006
    LEASED 02/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.88
    •  
  • 10054 Arcadian Springs Lane Tomball, TX 5
    • 3 beds 2 baths ∙ 1,725 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,725 Sqft ∙ Built 2011
    LEASED 10/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,685
    • $0.98
    •  
PROPERTY LISTING DETAILS
Jacalyn Henthorne
Integrity Texas Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 26510867
Last Updated: 03/06/2021
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