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1105 W 21st Street Houston, TX 77008

3 Beds 3 Baths 1,660 sqft Built 2005

$349,999

List Price

$2,310

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

February 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $210.84
  • 6 Days on Market
  • MLS # : 24406140
  • Updated Date : 02/09/2021 at 13:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,660 sqft
  • Baths : 2 full , 1 half
Listing Agent

Greenwood King Properties

Listing Agent's Description

Exceptional freestanding townhome located in the vibrant walkable Shady Acres neighborhood. Meticulously maintained with designer touches and obvious pride in ownership reflected throughout the home. Second floor offers an open, contemporary floor plan with high ceilings, hardwood floors and natural light from all sides. All bedrooms located on the third floor with beautiful hardwood floors throughout hallway that extend into the primary retreat. Secondary bath extensively remodeled with tasteful hardware, countertops, shower tile, backsplash, paint and flooring. Spacious, back green space is fully fenced and offers covered patio and recently installed turf. Ultimate low maintenance living in a gated community ready for the next owner! All info per Seller.

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: Shady Acres

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $99k436k

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

Neighborhood: Shady Acres

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9692745

* 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
Sinclair Elementary School Primary Magnet 534 34 6
Hamilton Middle School Middle Magnet 1,248 64 6
Waltrip High School High Magnet 1,663 94 3

Sinclair Elementary School

  • Education Level: Primary
  • # of students: 534
  • # of teachers: 34
6
GreatSchools Rating

Hamilton Middle School

  • Education Level: Middle
  • # of students: 1,248
  • # of teachers: 64
6
GreatSchools Rating

Waltrip High School

  • Education Level: High
  • # of students: 1,663
  • # of teachers: 94
3
GreatSchools Rating
 

$314,999$384,999$349,999

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$1,216
Property Tax -$738
Property Insurance -$139
HOA -$65
Property Management Fees -$99
CASH FLOW
$53

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.

$349,999

PROJECTED PRICE

$2,310

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 2.4%
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$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,499
See What Happens When You Reinvest Cash Flow

2.75

YEARS SAVED

$7,951

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,310

    LIST RENT
  • $1.39

    LIST RENT PER SQFT
  • $2,386

    COMP ESTIMATED VALUE
  • $1.44

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,3103$2,4004$2,4505$2,550
$2,550
RENT COMPS ANALYSIS
  • 1105 W 21st Street Houston, TX 2
    • 3 beds 3 baths ∙ 1,660 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,660 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,310
    • $1.39
    •  
  • 2503 Beall Street Houston, TX 1
    • 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 2006
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.42
    •  
  • 627 W 20th Street Houston, TX 3
    • 3 beds 3 baths ∙ 1,690 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,690 Sqft ∙ Built 2004
    LEASED 09/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.42
    •  
  • 1510 Bevis Street Houston, TX 4
    • 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 2004
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.44
    •  
  • 1431 W 24th Street Houston, TX 5
    • 3 beds 3 baths ∙ 1,734 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,734 Sqft ∙ Built 2014
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.47
    •  
PROPERTY LISTING DETAILS
Meg Greenwood Rife
1.832.578.2594
Greenwood King Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 24406140
Last Updated: 02/09/2021
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