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10911 Linden Gate Drive Houston, TX 77075

4 Beds 3 Baths 2,577 sqft Built 2000

$240,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $93.13
  • 2 Days on Market
  • MLS # : 59629818
  • Updated Date : 11/02/2020 at 17:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,577 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty -sw

Listing Agent's Description

This beautiful 4 bedroom, 2 1/2 bath home is located in the QUIET neighborhood of Bridgegate, in Harris County, and is perfect for YOU!! This home has never flooded, sits on a large cul-de-sac, and has a great patio in the back for you to lounge and watch the kids play. This subdivision has no Home Owner's Association and is not in a Utility district! Quick access to 45, Beltway 8, and Hobby Airport!! Make your appointment soon as It Won't Last Long.

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: Bridgegate

NeighborhoodNIR Market*CityMarket2010Year20002019100k110k120k130k140k150k160k170k180k190k200k210k220kPrice in $99k222k

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

Neighborhood: Bridgegate

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001050110011501200125013001350140014501500155016001650Rent in $9691677

* 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
Atkinson Elementary School Primary Regular 600 41 6
Beverly Hills Intermediate School Middle Regular 1,020 64 6
J Frank Dobie High School High Regular 4,010 223 5

Atkinson Elementary School

  • Education Level: Primary
  • # of students: 600
  • # of teachers: 41
6
GreatSchools Rating

Beverly Hills Intermediate School

  • Education Level: Middle
  • # of students: 1,020
  • # of teachers: 64
6
GreatSchools Rating

J Frank Dobie High School

  • Education Level: High
  • # of students: 4,010
  • # of teachers: 223
5
GreatSchools Rating
 

$216,000$264,000$240,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$886
Property Tax -$506
Property Insurance -$201
Property Management Fees -$99
CASH FLOW
$98

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.

$240,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 8.3%
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$800k

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$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,350

INVESTMENT

$69,350

Down Payment
$60,000
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$886

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $60,000
Loan Amount $180,000
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$11,436

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,901

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,790
1$1,7902$1,7903$1,8004$1,8905$2,000
$2,000
RENT COMPS ANALYSIS
  • 10911 Linden Gate Drive Houston, TX 2
    • 4 beds 3 baths ∙ 2,577 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,577 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.69
    •  
  • 11019 Cayman Mist Drive Houston, TX 1
    • 3 beds 3 baths ∙ 2,577 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,577 Sqft ∙ Built 2001
    property image
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.69
    •  
  • 10831 Shannon Mills Lane Houston, TX 3
    • 3 beds 3 baths ∙ 2,530 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,530 Sqft ∙ Built 2008
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.71
    •  
  • 9331 Fuqua Ridge Lane Houston, TX 4
    • 4 beds 3 baths ∙ 2,442 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,442 Sqft ∙ Built 2013
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.77
    •  
  • 9038 Mercury Cove Court Houston, TX 5
    • 4 beds 3 baths ∙ 2,560 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,560 Sqft ∙ Built 2006
    property image
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.78
    •  
PROPERTY LISTING DETAILS
Yvonnette Mclean
1.832.692.6967
Keller Williams Realty -sw
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 59629818
Last Updated: 11/02/2020
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