Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

10818 Marshfield Drive Houston, TX 77065

4 Beds 3 Baths 2,579 sqft Built 1992

$230,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $89.18
  • 6 Days on Market
  • MLS # : 37470155
  • Updated Date : 03/26/2021 at 09:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,579 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Platinum

Listing Agent's Description

Find everything you’re looking for in this 4-bedroom, 2.5-bathroom home in White Oak Landing, featuring high ceilings, crown molding, wood flooring, a recently replaced furnace, A/C, and roof, a fireplace, formal dining room, game room, and patio in the expansive backyard. The island kitchen is complete with granite countertops, a tile backsplash, and undercabinet lighting. Completely unwind in the spa-like primary suite, which boasts a walk-in closet, dual vanities, a tub, and a separate shower. Community comforts include a recreation area with a swimming pool, covered pavilion, playground, and park. Residents are mere minutes away from shopping and dining at Eldridge Crossing, Traders Village, and Copperwood Village. Commuters love the close proximity to Hwy 290 and Hwy 6. Schools are zoned to Cypress-Fairbanks ISD. Call today to book your private showing!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: White Oak Landing

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $99k305k

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

Neighborhood: White Oak Landing

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
Millsap Elementary School Primary Regular 723 46 7
Arnold Middle School Middle Regular 1,545 92 8
Cy-fair High School High Regular 3,656 212 8

Millsap Elementary School

  • Education Level: Primary
  • # of students: 723
  • # of teachers: 46
7
GreatSchools Rating

Arnold Middle School

  • Education Level: Middle
  • # of students: 1,545
  • # of teachers: 92
8
GreatSchools Rating

Cy-fair High School

  • Education Level: High
  • # of students: 3,656
  • # of teachers: 212
8
GreatSchools Rating
 

$207,000$253,000$230,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$799
Property Tax -$486
Property Insurance -$202
HOA -$47
Property Management Fees -$99
CASH FLOW
$168

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.

$230,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,700

INVESTMENT

$66,700

Down Payment
$57,500
Rehab Estimate
$5,750
Closing Costs
$3,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$799

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,500
Loan Amount $172,500
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$12,165

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,941

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8003$1,8004$1,9505$1,950
$1,950
RENT COMPS ANALYSIS
  • 10818 Marshfield Drive Houston, TX 3
    • 4 beds 3 baths ∙ 2,579 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,579 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.70
    •  
  • 11238 Hillside Glen Trail Houston, TX 1
    • 3 beds 2 baths ∙ 2,572 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,572 Sqft ∙ Built 2000
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.70
    •  
  • 11143 Carriage Lake Drive Houston, TX 2
    • 3 beds 3 baths ∙ 2,552 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,552 Sqft ∙ Built 1998
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.71
    •  
  • 10827 White Oak Trace Drive Cypress, TX 4
    • 4 beds 2 baths ∙ 2,477 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,477 Sqft ∙ Built 2002
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.79
    •  
  • 11210 Chestnut Woods Trail Houston, TX 5
    • 4 beds 4 baths ∙ 2,418 Sqft ∙ Built 1995 4 beds 4 baths ∙ 2,418 Sqft ∙ Built 1995
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.81
    •  
PROPERTY LISTING DETAILS
Lance Loken
1.281.861.4624
Keller Williams Platinum
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 37470155
Last Updated: 03/26/2021
BESbswy