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12210 Zenith Ridge Way Humble, TX 77346

4 Beds 3 Baths 2,371 sqft Built 2015

$234,900

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $99.07
  • 3 Days on Market
  • MLS # : 72513595
  • Updated Date : 03/27/2021 at 16:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,371 sqft
  • Baths : 2 full , 1 half
Listing Agent

Direct Real Estate Group

Listing Agent's Description

This home shows like a model! Professional photos will be uploaded on Saturday 3/27/21. Do you need a bedroom downstairs that is NOT the primary bedroom? This one has it! This kitchen will make you the envy of your friends! Granite, lots of counter space and storage galore! Refrigerator is included! The spacious living room can accommodate large gatherings and enjoy those cold nights with a gas log fireplace! A beautiful dining room can be converted to an office if you are working from home. Large game room upstairs for hours of fun for the kids or a second living area! Huge primary bedroom and ensuite primary bathroom. Soak the stresses of the day away in your large, soaking tub. Primary bath does have a separate shower as well. Six year old, one owner well maintained home in lovely neighborhood! NEVER FLOODED! Don't miss this one, it won't last long! Close to shopping, entertainment, IAH airport and major roadways into downtown Houston or Woodlands area.

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: Eagle Springs

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k332k

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

Neighborhood: Eagle Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10722179

* 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
Atascocita Springs Elementary School Primary Regular 1,035 54 7
Timberwood Middle School Middle Regular 1,376 81 7
Atascocita High School High Regular 3,214 182 6

Atascocita Springs Elementary School

  • Education Level: Primary
  • # of students: 1,035
  • # of teachers: 54
7
GreatSchools Rating

Timberwood Middle School

  • Education Level: Middle
  • # of students: 1,376
  • # of teachers: 81
7
GreatSchools Rating

Atascocita High School

  • Education Level: High
  • # of students: 3,214
  • # of teachers: 182
6
GreatSchools Rating
 

$211,410$258,390$234,900

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$816
Property Tax -$598
Property Insurance -$187
HOA -$33
Property Management Fees -$99
CASH FLOW
$67

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.

$234,900

PROJECTED PRICE

$1,800

PROJECTED RENT

0.77%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 3.6%
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-$4.0k-$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$67,999

INVESTMENT

$67,999

Down Payment
$58,725
Rehab Estimate
$5,750
Closing Costs
$3,524

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$816

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,725
Loan Amount $176,175
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$5,072

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,808

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,8003$1,8154$1,8505$2,000
$2,000
RENT COMPS ANALYSIS
  • 12210 Zenith Ridge Way Humble, TX 2
    • 4 beds 3 baths ∙ 2,371 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,371 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.76
    •  
  • 17814 Yellow Birch Trail Humble, TX 1
    • 4 beds 3 baths ∙ 2,321 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,321 Sqft ∙ Built 2010
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.71
    •  
  • 12326 Granite Woods Court Humble, TX 3
    • 5 beds 3 baths ∙ 2,432 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,432 Sqft ∙ Built 2002
    property image
    LEASED 01/30/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,815
    • $0.75
    •  
  • 12202 Wisteria Dale Path Humble, TX 4
    • 4 beds 3 baths ∙ 2,375 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,375 Sqft ∙ Built 2015
    property image
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.78
    •  
  • 12226 Claytons Park Lane Humble, TX 5
    • 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 2016
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.81
    •  
PROPERTY LISTING DETAILS
Donna Wisenbaker-barret
1.832.445.7084
Direct Real Estate Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 72513595
Last Updated: 03/27/2021
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