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1215 W 25th Street Houston, TX 77008

3 Beds 4 Baths 2,105 sqft Built 2013

$399,900

List Price

$2,640

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2013
  • Price/Sqft : $189.98
  • 6 Days on Market
  • MLS # : 43360149
  • Updated Date : 10/29/2020 at 15:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,105 sqft
  • Baths : 3 full , 1 half
Listing Agent

The Kordish Group

Listing Agent's Description

Astonishing home in highly desirable Shady Acres! Freestanding 3 bedroom, 3.5 bathroom home features an open design with high ceilings that floods with natural light. It offers a covered balcony, & a gated side yard complete w/pavers. The gourmet kitchen boasts marble countertops, energy star appliances, under-cabinet lighting, built-in desk & wine fridge to quench your thirst. Beautiful hardwood floors extend throughout the living areas, entry and along the stairs. Generously sized primary retreat includes, soaking tub, separate shower, dual sinks & large walk-in closet. Each bathroom hosts marble vanities and beautiful chrome finishes. Don't miss the opportunity to live in this breathtaking home situated near popular dining options, parks, and nightlife with a short commute to downtown. Contact The Kordish Group for your private showing before it's too late!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Houston metro employment growth is at 1.8% and predicted to grow to 2.7% in 2019-20 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Shady Acres

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $99k436k

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

Neighborhood: Shady Acres

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9692745

* 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
Sinclair Elementary School Primary Magnet 534 34 6
Hamilton Middle School Middle Magnet 1,248 64 6
Waltrip High School High Magnet 1,663 94 3

Sinclair Elementary School

  • Education Level: Primary
  • # of students: 534
  • # of teachers: 34
6
GreatSchools Rating

Hamilton Middle School

  • Education Level: Middle
  • # of students: 1,248
  • # of teachers: 64
6
GreatSchools Rating

Waltrip High School

  • Education Level: High
  • # of students: 1,663
  • # of teachers: 94
3
GreatSchools Rating
 

$359,910$439,890$399,900

PURCHASE PRICE

$2,376$2,904$2,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,640
EXPENSES Loan Payment -$1,475
Property Tax -$843
Property Insurance -$169
Property Management Fees -$99
CASH FLOW
$53

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.

$399,900

PROJECTED PRICE

$2,640

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 2.4%
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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,475

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$12,046

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,640

    LIST RENT
  • $1.25

    LIST RENT PER SQFT
  • $2,631

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,6403$2,7504$2,8005$2,800
$2,800
RENT COMPS ANALYSIS
  • 1215 W 25th Street Houston, TX 2
    • 3 beds 4 baths ∙ 2,105 Sqft ∙ Built 2013 3 beds 4 baths ∙ 2,105 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,640
    • $1.25
    •  
  • 1623 W 23rd Street Houston, TX 1
    • 3 beds 4 baths ∙ 1,996 Sqft ∙ Built 2015 3 beds 4 baths ∙ 1,996 Sqft ∙ Built 2015
    property image
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.25
    •  
  • 1314 W 21st Street Houston, TX 3
    • 3 beds 4 baths ∙ 2,241 Sqft ∙ Built 2014 3 beds 4 baths ∙ 2,241 Sqft ∙ Built 2014
    property image
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.23
    •  
  • 812 W 22nd Street Houston, TX 4
    • 3 beds 4 baths ∙ 2,235 Sqft ∙ Built 2015 3 beds 4 baths ∙ 2,235 Sqft ∙ Built 2015
    property image
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.25
    •  
  • 933 W 24th Street Houston, TX 5
    • 3 beds 4 baths ∙ 2,202 Sqft ∙ Built 2012 3 beds 4 baths ∙ 2,202 Sqft ∙ Built 2012
    property image
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.27
    •  
PROPERTY LISTING DETAILS
Steven Kordish
1.281.536.8713
The Kordish Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 43360149
Last Updated: 10/29/2020
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