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11915 Westwold Drive Tomball, TX 77377

4 Beds 2 Baths 1,410 sqft Built 1983

$195,000

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $138.30
  • 5 Days on Market
  • MLS # : 75167257
  • Updated Date : 01/07/2021 at 08:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,410 sqft
  • Baths : 2 full
Listing Agent

Re/max 5 Star Realty

Listing Agent's Description

Gorgeous 4 bedroom, 2 baths! An open concept living-dining combination area greets you as you enter the home for all your entertaining desires! Wood flooring throughout, fresh paint, and ample natural lighting accent this property. A large breakfast bar draws you into the gorgeous kitchen with granite countertops, glass backsplash, and stainless-steel appliances. Spacious backyard with shed. Large double driveway with plenty of parking, walking distance to schools & park. Upgrades include: Brand new A/C, Double Pane Windows, Light Fixtures, Ceiling Fans, Roof & Electrical Box replaced 2016. It's a must-see. Book an appointment today!!!

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: Westbourne

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $89k305k

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

Neighborhood: Westbourne

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8552063

* 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
Northpointe Intermediate School Primary Regular 1,012 58 9
Northpointe Intermediate School Middle Regular 1,012 58 9
Tomball Memorial High School High Regular 1,942 103 9

Northpointe Intermediate School

  • Education Level: Primary
  • # of students: 1,012
  • # of teachers: 58
9
GreatSchools Rating

Northpointe Intermediate School

  • Education Level: Middle
  • # of students: 1,012
  • # of teachers: 58
9
GreatSchools Rating

Tomball Memorial High School

  • Education Level: High
  • # of students: 1,942
  • # of teachers: 103
9
GreatSchools Rating
 

$175,500$214,500$195,000

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$677
Property Tax -$447
Property Insurance -$120
HOA -$29
Property Management Fees -$99
CASH FLOW
$88

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.

$195,000

PROJECTED PRICE

$1,460

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 7.0%
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$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$57,425

INVESTMENT

$57,425

Down Payment
$48,750
Rehab Estimate
$5,750
Closing Costs
$2,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$677

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $48,750
Loan Amount $146,250
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$7,060

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,544

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4253$1,4504$1,4605$1,475
$1,475
RENT COMPS ANALYSIS
  • 11915 Westwold Drive Tomball, TX 4
    • 4 beds 2 baths ∙ 1,410 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,410 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $1.04
    •  
  • 11902 Westwold Drive Tomball, TX 1
    • 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 1983
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.03
    •  
  • 11923 Westlock Drive Tomball, TX 2
    • 3 beds 2 baths ∙ 1,210 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,210 Sqft ∙ Built 1983
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.18
    •  
  • 12307 Westwold Drive Tomball, TX 3
    • 4 beds 2 baths ∙ 1,267 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,267 Sqft ∙ Built 1984
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.14
    •  
  • 11807 Westwold Drive Tomball, TX 5
    • 3 beds 2 baths ∙ 1,431 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,431 Sqft ∙ Built 1980
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.03
    •  
PROPERTY LISTING DETAILS
Jocelyn Bradshaw
1.832.455.7981
Re/max 5 Star Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 75167257
Last Updated: 01/07/2021
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