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1010 Beckton Lane Pearland, TX 77584

3 Beds 3 Baths 2,278 sqft Built 2000

$264,800

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $116.24
  • 3 Days on Market
  • MLS # : 57388314
  • Updated Date : 03/06/2021 at 12:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,278 sqft
  • Baths : 2 full , 1 half
Listing Agent

Martha Turner Sotheby's

Listing Agent's Description

Come tour this must see new offering in the popular Southdown community. The meticulously well-maintained two story features 3 bed, 2-1/2 bath, with 2 car garage. High ceilings, functional design, fresh neutral paint throughout and plenty of natural light. The primary bedroom is located on the first floor and two additional bedrooms and game room are upstairs. Large living room features a wall of windows overlooking the sparkling pool and backyard paradise. Subdivision amenities include pool, tennis courts, and park. Low tax rate and HOA are a bonus, plus conveniently located with quick access to Hwy 288. A wide variety of shopping, restaurants and entertainment are nearby.

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

Neighborhood: Southdown

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Neighborhood: Southdown

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10062063

* 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
Challenger Elementary School Primary Regular 660 39 6
Berry Miller Jr High School Middle Regular 961 52 9
Glenda Dawson High School High Regular 2,257 130 8

Challenger Elementary School

  • Education Level: Primary
  • # of students: 660
  • # of teachers: 39
6
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
 

$238,320$291,280$264,800

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$920
Property Tax -$595
Property Insurance -$181
HOA -$17
Property Management Fees -$99
CASH FLOW
$118

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.

$264,800

PROJECTED PRICE

$1,930

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 7.2%
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$12k

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$75,922

INVESTMENT

$75,922

Down Payment
$66,200
Rehab Estimate
$5,750
Closing Costs
$3,972

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,200
Loan Amount $198,600
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$9,664

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,931

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8953$1,9304$1,9505$1,999
$1,999
RENT COMPS ANALYSIS
  • 1010 Beckton Lane Pearland, TX 3
    • 3 beds 3 baths ∙ 2,278 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,278 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.85
    •  
  • 1027 Portsmouth Drive Pearland, TX 1
    • 3 beds 2 baths ∙ 2,128 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,128 Sqft ∙ Built 1997
    LEASED 02/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.85
    •  
  • 1007 Sussex Trl Pearland, TX 2
    • 3 beds 3 baths ∙ 2,308 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,308 Sqft ∙ Built 2000
    LEASED 02/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.82
    •  
  • 1042 Sussex Trail Pearland, TX 4
    • 3 beds 3 baths ∙ 2,308 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,308 Sqft ∙ Built 1999
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.84
    •  
  • 1010 Bristol Way Pearland, TX 5
    • 3 beds 3 baths ∙ 2,278 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,278 Sqft ∙ Built 2000
    LEASED 02/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $0.88
    •  
PROPERTY LISTING DETAILS
Dawn Johnson
1.281.924.5683
Martha Turner Sotheby's
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 57388314
Last Updated: 03/06/2021
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