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PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $159.62
- 2 Days on Market
- MLS # : 98748790
- Updated Date : 01/23/2021 at 17:16
CONSTRUCTION
- Beds : 3
- Floor Size : 1,159 sqft
- Baths : 2 full
Listing Agent
Realm Real Estate Professional
Listing Agent's Description
Come see this cute 3 bedroom home. Open concept living area with fireplace for your entertaining family and friends. Within walking distance to schools and parks.. Upgrades are new roof, A/C unit, fresh paint both exterior and interior, new hot water heater and flooring. Home has solar screens for hot summers and a snack bar in the kitchen. This wont last long.
SEE MORE
- 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: Westbourne
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Westbourne
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,370 |
| EXPENSES | Loan Payment | -$643 |
| Property Tax | -$424 | |
| Property Insurance | -$103 | |
| HOA | -$29 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$72
|
||
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.
$185,000
PROJECTED PRICE
$1,370
PROJECTED RENT
0.74%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$54,775
LOAN DETAILS
$643
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $46,250 |
| Loan Amount | $138,750 |
3.58
YEARS SAVED
$6,115
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,370
LIST RENT -
$1.18
LIST RENT PER SQFT
-
$1,368
COMP ESTIMATED VALUE -
$1.18
COMP AVG. RENT PER SQFT
Comps Range
-
11931 Westlock Drive Tomball, TX 2
- 3 beds 2 baths ∙ 1,159 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,159 Sqft ∙ Built 1983
- Rent
- Rent Per SQFT
- $1,370
- $1.18
-
11918 Westwold Drive Tomball, TX 1
- 3 beds 2 baths ∙ 1,159 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,159 Sqft ∙ Built 1983
LEASED 07/14/20- Rent
- Rent Per SQFT
- $1,350
- $1.16
-
11923 Westlock Drive Tomball, TX 3
- 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
-
12423 Westlock Drive Tomball, TX 4
- 3 beds 2 baths ∙ 1,241 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,241 Sqft ∙ Built 1998
LEASED 08/31/20- Rent
- Rent Per SQFT
- $1,425
- $1.15
-
11835 Oakner Drive Tomball, TX 5
- 3 beds 2 baths ∙ 1,215 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,215 Sqft ∙ Built 1984
LEASED 10/03/20- Rent
- Rent Per SQFT
- $1,500
- $1.23
PROPERTY LISTING DETAILS
1.281.543.3202
Realm Real Estate Professional
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 98748790
Last Updated: 01/23/2021
