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11026 Malden Drive Houston, TX 77075

3 Beds 2 Baths 2,161 sqft Built 2001

$190,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $87.92
  • 1 Days on Market
  • MLS # : 34065785
  • Updated Date : 07/13/2021 at 14:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,161 sqft
  • Baths : 2 full
Listing Agent

Jpar - The Sears Group

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: 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
 

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

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$660
Property Tax -$446
Property Insurance -$173
Property Management Fees -$99
CASH FLOW
$201

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

$1,580

PROJECTED RENT

0.83%

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

PROJECTED ANNUAL CASH FLOW

11530$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$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 45% 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

6.75

YEARS SAVED

$15,690

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,691

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,580
1$1,5802$1,6003$1,6004$1,6005$1,825
$1,825
RENT COMPS ANALYSIS
  • 11026 Malden Drive Houston, TX 1
    • 3 beds 2 baths ∙ 2,161 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,161 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.73
    •  
  • 11011 Cayman Mist Drive Houston, TX 2
    • 3 beds 2 baths ∙ 2,161 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,161 Sqft ∙ Built 2001
    LEASED 01/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.74
    •  
  • 11111 Bradford Way Drive Houston, TX 3
    • 3 beds 2 baths ∙ 1,981 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,981 Sqft ∙ Built 2002
    LEASED 11/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.81
    •  
  • 10950 Malden Drive Houston, TX 4
    • 3 beds 2 baths ∙ 2,161 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,161 Sqft ∙ Built 2000
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.74
    •  
  • 11102 Linden Gate Drive Houston, TX 5
    • 3 beds 2 baths ∙ 2,161 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,161 Sqft ∙ Built 1998
    LEASED 02/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.84
    •  
PROPERTY LISTING DETAILS
Edwin Newton
1.409.771.5138
Jpar - The Sears Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 34065785
Last Updated: 07/13/2021
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