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10414 Wagon Trail Road Houston, TX 77064

4 Beds 3 Baths 2,890 sqft Built 1991

$289,900

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $100.31
  • 2 Days on Market
  • MLS # : 8377089
  • Updated Date : 01/16/2021 at 11:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,890 sqft
  • Baths : 2 full , 1 half
Listing Agent

Walzel Properties

Listing Agent's Description

METICULOUSLY cared for home with original owners in Winchester Country Trails. TWO STORY foyer with winding staircase leads to EXPANSIVE game room! Beautiful kitchen with upgraded counters! Lots of natural light! Stamped concrete under a lovely covered patio with motorized shades to keep you from the HOT TEXAS SUN! Epoxy floors in the garage! This beautiful home won't last long! Come see it today!

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: Winchester Country Trails

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $99k315k

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

Neighborhood: Winchester Country Trails

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9692063

* 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
Bang Elementary School Primary Regular 959 59 5
Cook Middle School Middle Regular 1,581 93 7
Jersey Village High School High Regular 3,461 204 6

Bang Elementary School

  • Education Level: Primary
  • # of students: 959
  • # of teachers: 59
5
GreatSchools Rating

Cook Middle School

  • Education Level: Middle
  • # of students: 1,581
  • # of teachers: 93
7
GreatSchools Rating

Jersey Village High School

  • Education Level: High
  • # of students: 3,461
  • # of teachers: 204
6
GreatSchools Rating
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$1,007
Property Tax -$649
Property Insurance -$223
HOA -$42
Property Management Fees -$99
CASH FLOW
$101

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.

$289,900

PROJECTED PRICE

$2,120

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.2%
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$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$8,232

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,225

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$2,1003$2,1004$2,1205$2,300
$2,300
RENT COMPS ANALYSIS
  • 10414 Wagon Trail Road Houston, TX 4
    • 4 beds 3 baths ∙ 2,890 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,890 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $0.73
    •  
  • 10218 Minturn Lane Houston, TX 1
    • 4 beds 3 baths ∙ 2,576 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,576 Sqft ∙ Built 1991
    property image
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.70
    •  
  • 9206 Bent Spur Lane Houston, TX 2
    • 4 beds 3 baths ∙ 2,682 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,682 Sqft ∙ Built 1992
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.78
    •  
  • 9822 Winter Run Drive Houston, TX 3
    • 4 beds 3 baths ∙ 2,778 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,778 Sqft ∙ Built 1996
    property image
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.76
    •  
  • 40 Pebble Beach Court Jersey Village, TX 5
    • 3 beds 3 baths ∙ 2,722 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,722 Sqft ∙ Built 2002
    property image
    LEASED 12/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.84
    •  
PROPERTY LISTING DETAILS
Kyle Stolarski
1.281.650.6108
Walzel Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 8377089
Last Updated: 01/16/2021
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