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

11226 Canyon Trail Drive Houston, TX 77066

3 Beds 2 Baths 1,860 sqft Built 1980

$189,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $101.61
  • 4 Days on Market
  • MLS # : 92173058
  • Updated Date : 01/29/2021 at 19:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,860 sqft
  • Baths : 2 full
Listing Agent

Shanni Lo

Listing Agent's Description

Single Story, 3 bedrooms and 2 bathroom Victorian styled home located in Cutten Green subdivision. Easy access to Beltway 8, 249, I45 and near shopping center/restaurants, the home is nested in a perfect location. Vaulted ceiling with tons of natural light throughout the living room, kitchen, and bedrooms, the home has hardwood and tile flooring. Spacious living room with fireplace and built in shelves and walls of windows in the kitchen and breakfast area with a view of your backyard, just to name a few of the features. Primary suite has bay windows and stain glass accent with double sinks and European style bathtub/shower in the primary bath. Spacious secondary rooms can be used as a bedroom or a home office. Lush back yard with pergola is the perfect spot to enjoy your outdoor space. Don't forget the Victoria style front porch to enjoy your afternoon tea then walk your 4 leg babies to the park only steps away. Make an appointment or visit the 360 tour today!

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: Cutten Green

NeighborhoodNIR Market*CityMarket2010Year20002019100k110k120k130k140k150k160k170k180k190k200k210k220kPrice in $99k222k

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

Neighborhood: Cutten Green

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9691792

* 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
Klenk Elementary School Primary Regular 848 62 6
Wunderlich Intermediate School Middle Regular 1,544 110 5
Klein Forest High School High Regular 3,589 258 3

Klenk Elementary School

  • Education Level: Primary
  • # of students: 848
  • # of teachers: 62
6
GreatSchools Rating

Wunderlich Intermediate School

  • Education Level: Middle
  • # of students: 1,544
  • # of teachers: 110
5
GreatSchools Rating

Klein Forest High School

  • Education Level: High
  • # of students: 3,589
  • # of teachers: 258
3
GreatSchools Rating
 

$170,100$207,900$189,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$656
Property Tax -$424
Property Insurance -$153
HOA -$41
Property Management Fees -$99
CASH FLOW
$186

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.

$189,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.83%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 8.0%
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

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$55,835

INVESTMENT

$55,835

Down Payment
$47,250
Rehab Estimate
$5,750
Closing Costs
$2,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$656

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $47,250
Loan Amount $141,750
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$14,453

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,595

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5603$1,6954$1,7005$1,700
$1,700
RENT COMPS ANALYSIS
  • 11226 Canyon Trail Drive Houston, TX 2
    • 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.84
    •  
  • 5450 Evergreen Canyon Road Houston, TX 1
    • 4 beds 3 baths ∙ 1,872 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,872 Sqft ∙ Built 1996
    property image
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.80
    •  
  • 6615 Castle Lane Drive Houston, TX 3
    • 3 beds 3 baths ∙ 1,860 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,860 Sqft ∙ Built 1981
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.91
    •  
  • 11434 Amber Valley Court Houston, TX 4
    • 4 beds 2 baths ∙ 1,952 Sqft ∙ Built 1991 4 beds 2 baths ∙ 1,952 Sqft ∙ Built 1991
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.87
    •  
  • 6006 Forest Plaza Court Houston, TX 5
    • 4 beds 2 baths ∙ 1,995 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,995 Sqft ∙ Built 1998
    property image
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.85
    •  
PROPERTY LISTING DETAILS
Shanni Lo
1.832.452.7328
Shanni Lo
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 92173058
Last Updated: 01/29/2021
BESbswy