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10518 Whisper Bluff Drive Humble, TX 77396

3 Beds 2 Baths 1,966 sqft Built 2011

$199,900

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $101.68
  • 3 Days on Market
  • MLS # : 56909726
  • Updated Date : 02/12/2021 at 16:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,966 sqft
  • Baths : 2 full
Listing Agent

Bhgre Gary Greene

Listing Agent's Description

This beautiful one-story home with an open floor plan is just perfect! Enjoy the special features throughout the home like arched doorways & art niches with lighting. The large kitchen opens to the family room with white 42" cabinets, with under cabinet lighting and white subway tile for the backsplash. Bedrooms have plenty of storage space in all the walk-in closets. Large master suite and master bath with seperate shower and tub. High ceilings and light and bright throughout. Carpet just replaced. Don't miss seeing this home!

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: Laurel Place

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $74k288k

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

Neighborhood: Laurel Place

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9101714

* 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
River Pines Elementary School Primary Regular 714 51 3
Ross Sterling Middle School Middle Regular 878 62 4
Humble High School High Regular 1,615 112 3

River Pines Elementary School

  • Education Level: Primary
  • # of students: 714
  • # of teachers: 51
3
GreatSchools Rating

Ross Sterling Middle School

  • Education Level: Middle
  • # of students: 878
  • # of teachers: 62
4
GreatSchools Rating

Humble High School

  • Education Level: High
  • # of students: 1,615
  • # of teachers: 112
3
GreatSchools Rating
 

$179,910$219,890$199,900

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$694
Property Tax -$549
Property Insurance -$160
HOA -$44
Property Management Fees -$99
CASH FLOW
$64

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.

$199,900

PROJECTED PRICE

$1,610

PROJECTED RENT

0.81%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.99%
Appreciation Year (1-5) 5.1%
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$58,724

INVESTMENT

$58,724

Down Payment
$49,975
Rehab Estimate
$5,750
Closing Costs
$2,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$694

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $49,975
Loan Amount $149,925
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$5,807

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,661

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6003$1,6104$1,6955$1,800
$1,800
RENT COMPS ANALYSIS
  • 10518 Whisper Bluff Drive Humble, TX 3
    • 3 beds 2 baths ∙ 1,966 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,966 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.82
    •  
  • 3206 Alan Thai Lane Humble, TX 1
    • 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 2014
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.83
    •  
  • 3190 Gianna Springs Court Humble, TX 2
    • 4 beds 2 baths ∙ 1,847 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,847 Sqft ∙ Built 2008
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.87
    •  
  • 3111 Gianna Springs Court Humble, TX 4
    • 4 beds 3 baths ∙ 2,111 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,111 Sqft ∙ Built 2012
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.80
    •  
  • 17414 Hannah Oaks Lane Humble, TX 5
    • 4 beds 3 baths ∙ 2,056 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,056 Sqft ∙ Built 2013
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.88
    •  
PROPERTY LISTING DETAILS
Dayna Simon
1.281.639.5878
Bhgre Gary Greene
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 56909726
Last Updated: 02/12/2021
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