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

11826 Greensbrook Forest Dr Houston, TX 77044

3 Beds 2 Baths 1,188 sqft Built 2003

$157,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $132.15
  • 2 Days on Market
  • MLS # : 90172083
  • Updated Date : 07/12/2021 at 10:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,188 sqft
  • Baths : 2 full
Listing Agent

Realm Real Estate Professional

Listing Agent's Description

SUPER CUTE 3bed/2bath is great for a first time home buyer! Brand new carpet, per seller roof is about 3 years old, granite countertops, stainless appliances, freshly painted inside and out, tile on both bathrooms. Home is ready to move in!!

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: Greensbrook

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $74k222k

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

Neighborhood: Greensbrook

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8311677

* 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
Garrett Elementary School Primary Regular 522 35 3
Michael R. Middle School Middle Regular 899 55 4
C.e. King High School High Regular 1,907 143 2

Garrett Elementary School

  • Education Level: Primary
  • # of students: 522
  • # of teachers: 35
3
GreatSchools Rating

Michael R. Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 55
4
GreatSchools Rating

C.e. King High School

  • Education Level: High
  • # of students: 1,907
  • # of teachers: 143
2
GreatSchools Rating
 

$141,300$172,700$157,000

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$545
Property Tax -$434
Property Insurance -$108
HOA -$16
Property Management Fees -$99
CASH FLOW
$158

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$157,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.87%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.99%
Appreciation Year (1-5) 8.0%
Maintenance Year (1-5) 8.00%
Vacancy 8.01%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$47,355

INVESTMENT

$47,355

Down Payment
$39,250
Rehab Estimate
$5,750
Closing Costs
$2,355

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$545

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $39,250
Loan Amount $117,750
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$12,676

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $1,357

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2693$1,3434$1,3505$1,360
$1,360
RENT COMPS ANALYSIS
  • 11826 Greensbrook Forest Dr Houston, TX 5
    • 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $1.14
    •  
  • 11922 Greensbrook Forest Drive Houston, TX 1
    • 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 2003
    LEASED 09/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.01
    •  
  • 11903 Greensbrook Forest Drive Houston, TX 2
    • 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 2003
    LEASED 05/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,269
    • $1.07
    •  
  • 11822 Greensbrook Forest Drive Houston, TX 3
    • 3 beds 2 baths ∙ 1,080 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,080 Sqft ∙ Built 2003
    LEASED 03/24/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,343
    • $1.24
    •  
  • 11811 Greensbrook Forest Drive Houston, TX 4
    • 3 beds 2 baths ∙ 1,080 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,080 Sqft ∙ Built 2002
    LEASED 04/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.25
    •  
PROPERTY LISTING DETAILS
Maritza Aleman
1.832.665.0909
Realm Real Estate Professional
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 90172083
Last Updated: 07/12/2021
BESbswy