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10734 Buffalo Bend Drive Houston, TX 77064

3 Beds 3 Baths 1,614 sqft Built 1983

$185,000

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $114.62
  • 10 Days on Market
  • MLS # : 86085966
  • Updated Date : 02/23/2021 at 19:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,614 sqft
  • Baths : 3 full
Listing Agent

Real Property Management Prefe

Listing Agent's Description

Great family home and/or investment property!Close to schools and shopping! This home features a large living room with wet bar and fireplace. Also has a nice kitchen island, lots of counter and cabinet space. Huge Master bathroom with a double vanity. Great size rooms for any use. Currently has a tenant paying under market rent and is set to move out once property is under contract. Hurry, this home won't last!

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: White Oak Bend

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200k210k220kPrice in $82k222k

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

Neighborhood: White Oak Bend

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8041677

* 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
Emmott Elementary School Primary Regular 852 52 5
Campbell Middle School Middle Regular 1,341 84 5
Cypress Ridge High School High Regular 3,030 195 5

Emmott Elementary School

  • Education Level: Primary
  • # of students: 852
  • # of teachers: 52
5
GreatSchools Rating

Campbell Middle School

  • Education Level: Middle
  • # of students: 1,341
  • # of teachers: 84
5
GreatSchools Rating

Cypress Ridge High School

  • Education Level: High
  • # of students: 3,030
  • # of teachers: 195
5
GreatSchools Rating
 

$166,500$203,500$185,000

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$643
Property Tax -$473
Property Insurance -$136
Property Management Fees -$99
CASH FLOW
$130

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.

$185,000

PROJECTED PRICE

$1,480

PROJECTED RENT

0.80%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 8.9%
Maintenance Year (1-5) 8.00%
Vacancy 8.80%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$54,775

INVESTMENT

$54,775

Down Payment
$46,250
Rehab Estimate
$5,750
Closing Costs
$2,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$643

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $46,250
Loan Amount $138,750
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$9,958

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,602

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4653$1,4754$1,4805$1,600
$1,600
RENT COMPS ANALYSIS
  • 10734 Buffalo Bend Drive Houston, TX 4
    • 3 beds 3 baths ∙ 1,614 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,614 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.92
    •  
  • 10719 Fallbrook Drive Houston, TX 1
    • 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 1982
    LEASED 02/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.96
    •  
  • 10622 Staghill Drive Houston, TX 2
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1982
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,465
    • $0.98
    •  
  • 10818 Indian Vista Drive Houston, TX 3
    • 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1980
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.02
    •  
  • 10727 Sunswept Fields Lane Houston, TX 5
    • 3 beds 3 baths ∙ 1,584 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,584 Sqft ∙ Built 2003
    LEASED 11/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.01
    •  
PROPERTY LISTING DETAILS
Katie Malfer
1.713.817.1159
Real Property Management Prefe
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 86085966
Last Updated: 02/23/2021
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