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11623 Trailmont Dr Houston, TX 77077

3 Beds 3 Baths 2,136 sqft Built 1981

$295,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $138.11
  • 2 Days on Market
  • MLS # : 72283967
  • Updated Date : 03/27/2021 at 08:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,136 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bhgre Gary Greene

Listing Agent's Description

Location Location Location….minutes from Sam Houston Parkway, Westheimer, shopping at Town & Country Mall…restaurants!!! Well maintained home ready for your personal touches offering 3 bedrooms, 2.5 baths, Primary bedroom located downstairs with access to side courtyard. Large Family room offers Wood look tile flooring, fireplace, wet bar, opens to the spacious backyard, perfect for entertaining. Kitchen offers double ovens, electric induction cooktop, open to breakfast room. Great study located off of kitchen. Upstairs offers a nice game room, 2 add’l bedrooms and a full bath.

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: April Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $99k365k

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

Neighborhood: April Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9692085

* 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
Askew Elementary School Primary Magnet 909 55 5
Revere Middle School Middle Magnet 1,248 70 5
Westside High School High Magnet 2,748 146 7

Askew Elementary School

  • Education Level: Primary
  • # of students: 909
  • # of teachers: 55
5
GreatSchools Rating

Revere Middle School

  • Education Level: Middle
  • # of students: 1,248
  • # of teachers: 70
5
GreatSchools Rating

Westside High School

  • Education Level: High
  • # of students: 2,748
  • # of teachers: 146
7
GreatSchools Rating
 

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

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,025
Property Tax -$622
Property Insurance -$172
HOA -$43
Property Management Fees -$99
CASH FLOW
$140

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

$2,100

PROJECTED RENT

0.71%

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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

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

4.33

YEARS SAVED

$12,017

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,173

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,1003$2,1754$2,3005$2,400
$2,400
RENT COMPS ANALYSIS
  • 11623 Trailmont Dr Houston, TX 2
    • 3 beds 3 baths ∙ 2,136 Sqft ∙ Built 1981 3 beds 3 baths ∙ 2,136 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.98
    •  
  • 11807 Poplar Creek Drive Houston, TX 1
    • 3 beds 2 baths ∙ 1,979 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,979 Sqft ∙ Built 1976
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.99
    •  
  • 11310 Meadow Lake Drive Houston, TX 3
    • 4 beds 3 baths ∙ 2,296 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,296 Sqft ∙ Built 1977
    LEASED 03/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.95
    •  
  • 11922 Waldemar Drive Houston, TX 4
    • 4 beds 2 baths ∙ 2,120 Sqft ∙ Built 1974 4 beds 2 baths ∙ 2,120 Sqft ∙ Built 1974
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.08
    •  
  • 11511 Ella Lee Lane Houston, TX 5
    • 4 beds 2 baths ∙ 2,286 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,286 Sqft ∙ Built 1979
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.05
    •  
PROPERTY LISTING DETAILS
Ann Letulle
1.832.818.4764
Bhgre Gary Greene
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 72283967
Last Updated: 03/27/2021
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