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10825 E Idlewood Drive La Porte, TX 77571

3 Beds 2 Baths 1,440 sqft Built 1985

$210,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $145.83
  • 3 Days on Market
  • MLS # : 89382155
  • Updated Date : 03/26/2021 at 11:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,440 sqft
  • Baths : 2 full
Listing Agent

Exp Realty, Llc

Listing Agent's Description

Charming one story home in Fairmont Park East. Fresh interior paint throughout. The family room features vaulted ceilings & a cozy fireplace. Upgraded tile & laminate wood flooring throughout - no carpet! The kitchen boasts granite countertops, an undermount sink & white cabinetry. Both bathrooms have upgraded vanities & fixtures. Covered patio in the backyard. Don't miss this one!

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: La Porte

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200k210k220kPrice in $86k222k

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

Neighborhood: La Porte

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600Rent in $9251677

* 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
Rizzuto Elementary School Primary Regular 610 35 10
La Porte Junior High School Middle Regular 553 35 6
La Porte High School High Regular 2,119 134 5

Rizzuto Elementary School

  • Education Level: Primary
  • # of students: 610
  • # of teachers: 35
10
GreatSchools Rating

La Porte Junior High School

  • Education Level: Middle
  • # of students: 553
  • # of teachers: 35
6
GreatSchools Rating

La Porte High School

  • Education Level: High
  • # of students: 2,119
  • # of teachers: 134
5
GreatSchools Rating
 

$189,000$231,000$210,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$729
Property Tax -$508
Property Insurance -$125
HOA -$13
Property Management Fees -$99
CASH FLOW
$96

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.

$210,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 7.4%
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$61,400

INVESTMENT

$61,400

Down Payment
$52,500
Rehab Estimate
$5,750
Closing Costs
$3,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$729

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,500
Loan Amount $157,500
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$8,400

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,559

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,265
1$1,2652$1,5503$1,5504$1,5705$1,625
$1,625
RENT COMPS ANALYSIS
  • 10825 E Idlewood Drive La Porte, TX 4
    • 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $1.09
    •  
  • 10102 Antrim Lane La Porte, TX 1
    • 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1967
    property image
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,265
    • $1.01
    •  
  • 10841 Mesquite Drive La Porte, TX 2
    • 3 beds 2 baths ∙ 1,451 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,451 Sqft ∙ Built 1984
    property image
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.07
    •  
  • 10034 Winding Trail Road La Porte, TX 3
    • 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1976
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.08
    •  
  • 10430 Rustic Gate Road La Porte, TX 5
    • 3 beds 2 baths ∙ 1,383 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,383 Sqft ∙ Built 1971
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.17
    •  
PROPERTY LISTING DETAILS
Jimmy Franklin
1.281.949.6362
Exp Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 89382155
Last Updated: 03/26/2021
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