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

11307 Crestbrook Park Lane Tomball, TX 77375

3 Beds 3 Baths 2,279 sqft Built 2014

$295,000

List Price

$2,060

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $129.44
  • 8 Days on Market
  • MLS # : 71878344
  • Updated Date : 03/20/2021 at 23:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,279 sqft
  • Baths : 3 full
Listing Agent

Connect Realty

Listing Agent's Description

This beautiful home in the gated community Estates of Willow Creek is a MUST SEE! Featuring a split floor plan with 3 bedrooms, a study, and 3 FULL bathrooms! The chef's dream kitchen has an oversized island, gas range, and plenty of cabinet space! The kitchen is open to the dining area and living room, which is great for entertaining! The spacious primary bedroom with en suite bath offers double sinks, a walk in shower, large soak tub, and a walk in closet! The upstairs features a private large bedroom and a separate full bathroom. You will love spending time outdoors on your covered back patio! **NEW ROOF 2020** Home is conveniently located to restaurants and shopping. Schedule your showing 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: The Estates at Willow Creek

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $105k278k

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

Neighborhood: The Estates at Willow Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10421905

* 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
Bernshausen Elementary School Primary Unknown 770 45 NA
Hofius Intermediate Middle Unknown NA
Klein Cain High School High Unknown NA

Bernshausen Elementary School

  • Education Level: Primary
  • # of students: 770
  • # of teachers: 45
NA
GreatSchools Rating

Hofius Intermediate

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Klein Cain High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,060
EXPENSES Loan Payment -$1,025
Property Tax -$620
Property Insurance -$177
HOA -$63
Property Management Fees -$99
CASH FLOW
$77

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.

$295,000

PROJECTED PRICE

$2,060

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 5.8%
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$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$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$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,025

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$8,672

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,060

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,171

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8503$1,9754$2,0605$2,100
$2,100
RENT COMPS ANALYSIS
  • 11307 Crestbrook Park Lane Tomball, TX 4
    • 3 beds 3 baths ∙ 2,279 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,279 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $0.90
    •  
  • 10010 Red Tamarack Lane Tomball, TX 1
    • 3 beds 2 baths ∙ 1,936 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,936 Sqft ∙ Built 2018
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.96
    •  
  • 10227 S Pine Ivy Lane Tomball, TX 2
    • 4 beds 2 baths ∙ 1,977 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,977 Sqft ∙ Built 2008
    property image
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.94
    •  
  • 22407 Emerald Point Lane Tomball, TX 3
    • 3 beds 3 baths ∙ 2,053 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,053 Sqft ∙ Built 2013
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.96
    •  
  • 10007 Bitternut Hickory Lane Tomball, TX 5
    • 3 beds 3 baths ∙ 2,201 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,201 Sqft ∙ Built 2016
    property image
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.95
    •  
PROPERTY LISTING DETAILS
Rachel Roper
1.832.551.9272
Connect Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 71878344
Last Updated: 03/20/2021
BESbswy