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11002 Clear Villa Lane Houston, TX 77034

4 Beds 3 Baths 2,220 sqft Built 2008

$232,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $104.50
  • 4 Days on Market
  • MLS # : 80530329
  • Updated Date : 03/13/2021 at 20:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,220 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jla Realty

Listing Agent's Description

WELCOME TO 11002 CLEAR VILLA LN!! YOU MUST SEE THIS BEAUTIFUL 4BD, 2 AND ONE HALF BATH HOME IN CLEARVIEW VILLAGE. UPDATED WITH ENGINEERED WOOD FLOORS ON THE FIRST FLOOR, WATER SOFTENER, TOOL SHED AND WALKING DISTANCE FROM THE NEIGHBORHOOD PARK. NO FLOODING PER SELLER! EASY ACCESS TO 45 S AND BLTWY 8. THIS ONE WON'T LAST, SHEDULE YOUR TOUR TODAY!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Clearview Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k110k120k130k140k150k160k170k180k190k200k210k220kPrice in $99k222k

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

Neighborhood: Clearview Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550160016501700Rent in $9691701

* 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
Teague Elementary School Primary Regular 663 43 5
Elmer G Bondy Intermediate School Middle Regular 998 59 8
Pasadena Memorial High School High Regular 3,121 177 5

Teague Elementary School

  • Education Level: Primary
  • # of students: 663
  • # of teachers: 43
5
GreatSchools Rating

Elmer G Bondy Intermediate School

  • Education Level: Middle
  • # of students: 998
  • # of teachers: 59
8
GreatSchools Rating

Pasadena Memorial High School

  • Education Level: High
  • # of students: 3,121
  • # of teachers: 177
5
GreatSchools Rating
 

$208,800$255,200$232,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$806
Property Tax -$666
Property Insurance -$177
HOA -$29
Property Management Fees -$99
CASH FLOW
$93

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.

$232,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.81%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 2.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$67,230

INVESTMENT

$67,230

Down Payment
$58,000
Rehab Estimate
$5,750
Closing Costs
$3,480

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$806

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,000
Loan Amount $174,000
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$6,431

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,743

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6603$1,8704$1,8755$1,950
$1,950
RENT COMPS ANALYSIS
  • 11002 Clear Villa Lane Houston, TX 3
    • 4 beds 3 baths ∙ 2,220 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,220 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.84
    •  
  • 11007 Kelly Hill Court Houston, TX 1
    • 4 beds 3 baths ∙ 2,278 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,278 Sqft ∙ Built 2010
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.72
    •  
  • 10514 Southway Bend Lane Houston, TX 2
    • 3 beds 3 baths ∙ 2,106 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,106 Sqft ∙ Built 2007
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.79
    •  
  • 13726 Lacy Cove Court Houston, TX 4
    • 4 beds 3 baths ∙ 2,360 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,360 Sqft ∙ Built 2011
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.79
    •  
  • 10907 Brittan Leaf Lane Houston, TX 5
    • 4 beds 3 baths ∙ 2,321 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,321 Sqft ∙ Built 2012
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.84
    •  
PROPERTY LISTING DETAILS
Rene Lopez
1.832.868.5743
Jla Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 80530329
Last Updated: 03/13/2021
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