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10703 Indian Trails Drive Tomball, TX 77375

3 Beds 3 Baths 2,956 sqft Built 1982

$350,000

List Price

$2,430

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $118.40
  • 3 Days on Market
  • MLS # : 88192976
  • Updated Date : 03/13/2021 at 11:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,956 sqft
  • Baths : 3 full
Listing Agent

Re/max Integrity

Listing Agent's Description

Beautiful two-story home in the very desirable KLIEN ISD. This Home features 3 bedrooms, 3 full baths, accompanied with a Study and Gameroom. The kitchen showcases white cabinetry, granite countertops, and SS appliances. The upstairs Master Bath Suite has been completely renovated with granite countertops and luxurious accents. Some of the most recent highlights are energy efficient windows and recent roof. Spend your nights & weekends entertaining family and friends on your private oversized back yard. THIS HOME DID NOT FLOOD and is a must see, DON'T MISS THIS ONE! Call for your appointment, Today!

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
 

$315,000$385,000$350,000

PURCHASE PRICE

$2,187$2,673$2,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,430
EXPENSES Loan Payment -$1,216
Property Tax -$736
Property Insurance -$222
HOA -$5
Property Management Fees -$99
CASH FLOW
$153

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.

$350,000

PROJECTED PRICE

$2,430

PROJECTED RENT

0.69%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$13,765

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,430

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,254

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,2003$2,2004$2,3055$2,430
$2,430
RENT COMPS ANALYSIS
  • 10703 Indian Trails Drive Tomball, TX 5
    • 3 beds 3 baths ∙ 2,956 Sqft ∙ Built 1982 3 beds 3 baths ∙ 2,956 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $2,430
    • $0.82
    •  
  • 1111 Sugarloaf Drive Spring, TX 1
    • 3 beds 3 baths ∙ 2,627 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,627 Sqft ∙ Built 1998
    LEASED 09/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.82
    •  
  • 18119 Shadow Valley Drive Spring, TX 2
    • 4 beds 3 baths ∙ 3,058 Sqft ∙ Built 1978 4 beds 3 baths ∙ 3,058 Sqft ∙ Built 1978
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.72
    •  
  • 17634 Memorial Springs Drive Tomball, TX 3
    • 4 beds 3 baths ∙ 2,880 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,880 Sqft ∙ Built 2001
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.76
    •  
  • 1115 Bringewood Chase Drive Spring, TX 4
    • 4 beds 4 baths ∙ 3,083 Sqft ∙ Built 1998 4 beds 4 baths ∙ 3,083 Sqft ∙ Built 1998
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,305
    • $0.75
    •  
PROPERTY LISTING DETAILS
Eva Markham
1.281.687.8362
Re/max Integrity
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 88192976
Last Updated: 03/13/2021
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