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12231 Carriage Oak Circle Humble, TX 77346

3 Beds 2 Baths 1,745 sqft Built 2004

$183,000

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $104.87
  • 4 Days on Market
  • MLS # : 24817222
  • Updated Date : 01/08/2021 at 21:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,745 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Beautiful HOME at a GREAT price waiting for you. This HOME has been well maintained and is ready for a new owner. No flooding according to seller. It features a large FAMILY room and large Kitchen. Another feature that is unique is the fire place is accessable in the Primary Bedroom. This HOME is conveniently located in the Humble area and has accessibilty to I69/Hwy 59 and Beltway 8 yet is tucked away enough to be away from the traffic. Schedule your appointment as soon as possible!!

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: Timber Forest

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $105k277k

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

Neighborhood: Timber Forest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550160016501700Rent in $10421715

* 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
 

$164,700$201,300$183,000

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$636
Property Tax -$502
Property Insurance -$145
HOA -$32
Property Management Fees -$99
CASH FLOW
$106

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.

$183,000

PROJECTED PRICE

$1,520

PROJECTED RENT

0.83%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 8.3%
Maintenance Year (1-5) 8.00%
Vacancy 8.80%
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$54,245

INVESTMENT

$54,245

Down Payment
$45,750
Rehab Estimate
$5,750
Closing Costs
$2,745

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$636

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $45,750
Loan Amount $137,250
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$7,184

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,509

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,405
1$1,4052$1,4503$1,5204$1,5255$1,565
$1,565
RENT COMPS ANALYSIS
  • 12231 Carriage Oak Circle Humble, TX 3
    • 3 beds 2 baths ∙ 1,745 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,745 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.87
    •  
  • 12134 Carriage Oak Circle Humble, TX 1
    • 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 2003
    property image
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,405
    • $0.87
    •  
  • 12126 Carriage Oak Circle Humble, TX 2
    • 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 2003
    property image
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.85
    •  
  • 12223 Carriage Oak Circle Humble, TX 4
    • 3 beds 2 baths ∙ 1,745 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,745 Sqft ∙ Built 2004
    property image
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.87
    •  
  • 12231 Hawthorne Hill Circle Humble, TX 5
    • 3 beds 2 baths ∙ 1,789 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,789 Sqft ∙ Built 2006
    property image
    LEASED 12/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,565
    • $0.87
    •  
PROPERTY LISTING DETAILS
Rick Aguilar
1.281.986.7124
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 24817222
Last Updated: 01/08/2021
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