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10306 Hurst Hill Lane Houston, TX 77075

3 Beds 4 Baths 1,876 sqft Built 2004

$206,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $109.81
  • 4 Days on Market
  • MLS # : 79680252
  • Updated Date : 01/29/2021 at 19:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,876 sqft
  • Baths : 2 full , 2 half
Listing Agent

Re/max 5 Star Realty

Listing Agent's Description

Wonderull home that has everything you would want. Walk in to ceramic flooring, new carpet, fresh paint, fireplace Roof 2019, Recent AC, Built in 2005, and did I mention a game room too? No FLOODING here.Located close to Dobie High School, Beltway 8, shopping strips and more. Make your appointment today and miss out.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Clearwood Crossing

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $74k222k

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

Neighborhood: Clearwood Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600Rent in $9101677

* 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
Laura Bush Elementary School Primary Regular 983 64 6
Beverly Hills Intermediate School Middle Regular 1,020 64 6
J Frank Dobie High School High Regular 4,010 223 5

Laura Bush Elementary School

  • Education Level: Primary
  • # of students: 983
  • # of teachers: 64
6
GreatSchools Rating

Beverly Hills Intermediate School

  • Education Level: Middle
  • # of students: 1,020
  • # of teachers: 64
6
GreatSchools Rating

J Frank Dobie High School

  • Education Level: High
  • # of students: 4,010
  • # of teachers: 223
5
GreatSchools Rating
 

$185,400$226,600$206,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$716
Property Tax -$589
Property Insurance -$154
HOA -$29
Property Management Fees -$99
CASH FLOW
$73

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$206,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.81%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.99%
Appreciation Year (1-5) 4.2%
Maintenance Year (1-5) 8.00%
Vacancy 8.01%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$60,340

INVESTMENT

$60,340

Down Payment
$51,500
Rehab Estimate
$5,750
Closing Costs
$3,090

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$716

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $51,500
Loan Amount $154,500
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$6,436

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,670

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6503$1,6604$1,6955$1,700
$1,700
RENT COMPS ANALYSIS
  • 10306 Hurst Hill Lane Houston, TX 3
    • 3 beds 4 baths ∙ 1,876 Sqft ∙ Built 2004 3 beds 4 baths ∙ 1,876 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.88
    •  
  • 10403 Hurst Hill Lane Houston, TX 1
    • 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 2004
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.88
    •  
  • 8807 Kaeling Meadow Court Houston, TX 2
    • 3 beds 2 baths ∙ 1,693 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,693 Sqft ∙ Built 2009
    LEASED 12/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.97
    •  
  • 10807 Coral Garden Lane Houston, TX 4
    • 3 beds 2 baths ∙ 1,978 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,978 Sqft ∙ Built 2006
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.86
    •  
  • 10212 Carmencita Way Houston, TX 5
    • 3 beds 2 baths ∙ 2,008 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,008 Sqft ∙ Built 2016
    LEASED 09/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.85
    •  
PROPERTY LISTING DETAILS
Sylvia Tyler
1.713.213.1839
Re/max 5 Star Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 79680252
Last Updated: 01/29/2021
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