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11802 Loyola Drive Cypress, TX 77429

3 Beds 2 Baths 1,422 sqft Built 1980

$180,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $126.58
  • 4 Days on Market
  • MLS # : 89590076
  • Updated Date : 01/14/2021 at 18:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,422 sqft
  • Baths : 2 full
Listing Agent

Homesmart Fine Properties

Listing Agent's Description

Opportunity awaits on a 3 bedroom 2 bath home in Cypress TX. This ranch style home is nestled in the quiet subdivision Bonaire featuring an open floor plan with a cathedral ceiling family room, a galley style kitchen with like appliances, a brick fireplace, a large primary bedroom and an outside storage building. Ceramic tile throughout - no carpet! Home is zoned to Cypress ISD. Don't miss out on this opportunity!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Houston metro contributes to 29.5% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Bonaire

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $84k303k

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

Neighborhood: Bonaire

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9472060

* 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
Lamkin Elementary School Primary Regular 965 57 7
Arnold Middle School Middle Regular 1,545 92 8
Cy-fair High School High Regular 3,656 212 8

Lamkin Elementary School

  • Education Level: Primary
  • # of students: 965
  • # of teachers: 57
7
GreatSchools Rating

Arnold Middle School

  • Education Level: Middle
  • # of students: 1,545
  • # of teachers: 92
8
GreatSchools Rating

Cy-fair High School

  • Education Level: High
  • # of students: 3,656
  • # of teachers: 212
8
GreatSchools Rating
 

$162,000$198,000$180,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$625
Property Tax -$392
Property Insurance -$123
HOA -$25
Property Management Fees -$99
CASH FLOW
$155

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.

$180,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.79%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 9.5%
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$53,450

INVESTMENT

$53,450

Down Payment
$45,000
Rehab Estimate
$5,750
Closing Costs
$2,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$625

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $45,000
Loan Amount $135,000
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$12,709

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,447

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4003$1,4204$1,5005$1,500
$1,500
RENT COMPS ANALYSIS
  • 11802 Loyola Drive Cypress, TX 3
    • 3 beds 2 baths ∙ 1,422 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,422 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $1.00
    •  
  • 14214 Galvani Drive Cypress, TX 1
    • 3 beds 2 baths ∙ 1,427 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,427 Sqft ∙ Built 1979
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.95
    •  
  • 11610 Loyola Drive Cypress, TX 2
    • 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 1979
    LEASED 11/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.10
    •  
  • 14214 Cornelia Drive Cypress, TX 4
    • 4 beds 2 baths ∙ 1,554 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,554 Sqft ∙ Built 1979
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.97
    •  
  • 14131 Barrone Dr Cypress, TX 5
    • 3 beds 2 baths ∙ 1,427 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,427 Sqft ∙ Built 1979
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.05
    •  
PROPERTY LISTING DETAILS
William Onye
1.832.613.5373
Homesmart Fine Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 89590076
Last Updated: 01/14/2021
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