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12311 Arkansas Post Lane Humble, TX 77346

4 Beds 3 Baths 2,586 sqft Built 2007

$269,900

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $104.37
  • 2 Days on Market
  • MLS # : 88725596
  • Updated Date : 03/13/2021 at 16:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,586 sqft
  • Baths : 3 full
Listing Agent

Realty Associates

Listing Agent's Description

Beautifully maintained Highland built home in the master planned community of Eagle Springs. Situated on quiet cul-de-sac street. When entering, you are greeted by gleaming wood floors that flow throughout entry, dining and family room. Dramatic stone fireplace with stone hearth extends from floor to ceiling. Hard to find 4 bedroom two story that includes the master plus second bedroom downstairs. Nicely landscaped yard with full sprinkler system. Kitchen provides plenty of storage in 42" kitchen cabinets and butler's pantry area and features gas cooktop and stainless appliances. Lots of natural light with all the windows. Backyard has enough room to add a future pool, play area or space for family pets to enjoy. Two bedrooms upstairs have Jack and Jill bathroom so each side has their own sink area. Don't miss seeing this home it will be gone if you don't!

SEE MORE

MARKET HIGHLIGHTS

  • 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: 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
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$937
Property Tax -$718
Property Insurance -$202
HOA -$69
Property Management Fees -$99
CASH FLOW
$135

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.

$269,900

PROJECTED PRICE

$2,160

PROJECTED RENT

0.80%

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$700k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$937

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$8,357

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,159

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1003$2,1004$2,1605$2,200
$2,200
RENT COMPS ANALYSIS
  • 12311 Arkansas Post Lane Humble, TX 4
    • 4 beds 3 baths ∙ 2,586 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,586 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $0.84
    •  
  • 17510 Durham Ridge Lane Humble, TX 1
    • 4 beds 3 baths ∙ 2,530 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,530 Sqft ∙ Built 2007
    property image
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.79
    •  
  • 12923 Madison Boulder Lane Humble, TX 2
    • 4 beds 3 baths ∙ 2,459 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,459 Sqft ∙ Built 2012
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.85
    •  
  • 12206 Grand Arches Lane Humble, TX 3
    • 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 2010
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.87
    •  
  • 17623 Sierra Creek Lane Humble, TX 5
    • 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 2005
    property image
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.83
    •  
PROPERTY LISTING DETAILS
Debra Dixon
1.832.452.4866
Realty Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 88725596
Last Updated: 03/13/2021
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