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PROPERTY INFO
FACTS
- Single Family
- Built In 1981
- Price/Sqft : $86.79
- 6 Days on Market
- MLS # : 72165473
- Updated Date : 11/14/2020 at 17:20
CONSTRUCTION
- Beds : 4
- Floor Size : 1,832 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Generation
Listing Agent's Description
Welcome to 10810 Drakeland! She features 4 bedrooms, 2 bathrooms, 2 Car Garage. Located on a huge corner lot close to the beltway 8 and minutes away from hwy 59. Conveniently close to shopping centers, restaurants, located in a great school district, minutes away from the new lagoon. Whether your looking for a home for your family or looking to invest 10810 Drakeland is a must see! She won’t last long, all she need is your TLC. Call me for your personal tours.
SEE MORE
- 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: Timberhills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Timberhills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,440 |
| EXPENSES | Loan Payment | -$587 |
| Property Tax | -$440 | |
| Property Insurance | -$151 | |
| HOA | -$31 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$132
|
||
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.
$159,000
PROJECTED PRICE
$1,440
PROJECTED RENT
0.91%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.94% |
| Appreciation Year (1-5) | 5.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.80% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$47,885
LOAN DETAILS
$587
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $39,750 |
| Loan Amount | $119,250 |
5.25
YEARS SAVED
$10,426
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,440
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$1,539
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
10810 Drakeland Drive Humble, TX 3
- 4 beds 3 baths ∙ 1,832 Sqft ∙ Built 1981 4 beds 3 baths ∙ 1,832 Sqft ∙ Built 1981
- Rent
- Rent Per SQFT
- $1,440
- $0.79
-
16711 Shrub Oak Drive Humble, TX 1
- 3 beds 3 baths ∙ 1,616 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,616 Sqft ∙ Built 1983
LEASED 04/25/20- Rent
- Rent Per SQFT
- $1,360
- $0.84
-
16602 Capewood Drive Humble, TX 2
- 3 beds 3 baths ∙ 1,540 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,540 Sqft ∙ Built 1983
LEASED 07/15/19- Rent
- Rent Per SQFT
- $1,400
- $0.91
-
10806 Clear Fork Drive Humble, TX 4
- 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 1980
LEASED 01/04/20- Rent
- Rent Per SQFT
- $1,495
- $0.80
-
10730 Ambergate Drive Humble, TX 5
- 4 beds 2 baths ∙ 1,919 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,919 Sqft ∙ Built 1999
LEASED 01/17/20- Rent
- Rent Per SQFT
- $1,549
- $0.81
PROPERTY LISTING DETAILS
1.832.704.3759
Re/max Generation
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 72165473
Last Updated: 11/14/2020
