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

11022 Knobbley Oak Court Houston, TX 77065

3 Beds 2 Baths 1,426 sqft Built 2006

$190,000

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $133.24
  • 4 Days on Market
  • MLS # : 77815583
  • Updated Date : 01/09/2021 at 15:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,426 sqft
  • Baths : 2 full
Listing Agent

Cb&a, Realtors

Listing Agent's Description

This beautifully upgraded home is just minutes from Highway 290, 249, and Beltway 8! Featuring gorgeous wood-look tile throughout, this home has 10-ft ceilings in the living spaces, custom-painted kitchen cabinets, and a newly installed water heater. Sold by the original owners who have loved this home, neighborhood, and schools. Home has never flooded!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Houston metro contributes to 29.5% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Crossbend Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $99k305k

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

Neighborhood: Crossbend Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9462063

* 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
Danish Elementary School Primary Regular 1,040 65 8
Arnold Middle School Middle Regular 1,545 92 8
Cy-fair High School High Regular 3,656 212 8

Danish Elementary School

  • Education Level: Primary
  • # of students: 1,040
  • # of teachers: 65
8
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
 

$171,000$209,000$190,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$660
Property Tax -$401
Property Insurance -$124
HOA -$38
Property Management Fees -$99
CASH FLOW
$49

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.

$190,000

PROJECTED PRICE

$1,370

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 6.5%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$56,100

INVESTMENT

$56,100

Down Payment
$47,500
Rehab Estimate
$5,750
Closing Costs
$2,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$660

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $47,500
Loan Amount $142,500
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$4,921

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,380

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,370
1$1,3702$1,5003$1,5004$1,5505$1,600
$1,600
RENT COMPS ANALYSIS
  • 11022 Knobbley Oak Court Houston, TX 1
    • 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $0.96
    •  
  • 11002 Mistic Moon Court Houston, TX 2
    • 3 beds 2 baths ∙ 1,499 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,499 Sqft ∙ Built 2000
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.00
    •  
  • 11638 Berkway Trail Houston, TX 3
    • 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 2003
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.90
    •  
  • 11019 Knobbley Oak Court Houston, TX 4
    • 3 beds 4 baths ∙ 1,621 Sqft ∙ Built 2006 3 beds 4 baths ∙ 1,621 Sqft ∙ Built 2006
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.96
    •  
  • 10727 Sunswept Fields Lane Houston, TX 5
    • 3 beds 3 baths ∙ 1,584 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,584 Sqft ∙ Built 2003
    LEASED 11/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.01
    •  
PROPERTY LISTING DETAILS
Kat Rockwell
1.832.876.4948
Cb&a, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 77815583
Last Updated: 01/09/2021
BESbswy