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12415 Exbury Court Tomball, TX 77377

4 Beds 3 Baths 2,672 sqft Built 1998

$279,900

List Price

$2,030

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $104.75
  • 5 Days on Market
  • MLS # : 25586636
  • Updated Date : 11/21/2020 at 13:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,672 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Professionals

Listing Agent's Description

Well Maintained Traditional Home adorned with Mature Trees in Lakewood Forest. Open Floor Plan with Eat-in Kitchen area, Family room with Fireplace and adjacent Kitchen with Island and Corian countertops throughout, Primary Bedroom downstairs with Engineered Hardwood Floors and Bathroom Suite with Dual Closets, Separate Spa Tub, and Marble Shower. Double Crown Molding and High Ceilings on First Floor. Updated appliances include Dishwasher & Water Heaters in 2020, Oven, & Microwave in 2019, Primary AC (Air Handler & Condenser Unit) in 2017, Roof in 2015. All Bedrooms and Bathrooms Freshly Painted. This is a Must See! Will Not Last Long! $3000 FLOOR ALLOWANCE FOR CARPET IN UPSTAIRS BEDROOMS AND FLOORING IN FAMILY ROOM

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: Lakewood Forest West

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Neighborhood: Lakewood Forest West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10722113

* 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
Northpointe Intermediate School Primary Regular 1,012 58 9
Northpointe Intermediate School Middle Regular 1,012 58 9
Tomball Memorial High School High Regular 1,942 103 9

Northpointe Intermediate School

  • Education Level: Primary
  • # of students: 1,012
  • # of teachers: 58
9
GreatSchools Rating

Northpointe Intermediate School

  • Education Level: Middle
  • # of students: 1,012
  • # of teachers: 58
9
GreatSchools Rating

Tomball Memorial High School

  • Education Level: High
  • # of students: 1,942
  • # of teachers: 103
9
GreatSchools Rating
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,033
Property Tax -$606
Property Insurance -$203
HOA -$53
Property Management Fees -$99
CASH FLOW
$37

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.

$279,900

PROJECTED PRICE

$2,030

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 7.1%
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$800k$900k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$6,722

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,030

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,071

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$2,0003$2,0004$2,0305$2,075
$2,075
RENT COMPS ANALYSIS
  • 12415 Exbury Court Tomball, TX 4
    • 4 beds 3 baths ∙ 2,672 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,672 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $0.76
    •  
  • 16426 Avenfield Road Tomball, TX 1
    • 3 beds 2 baths ∙ 2,341 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,341 Sqft ∙ Built 1993
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.77
    •  
  • 11607 Balthamwood Lane Tomball, TX 2
    • 4 beds 3 baths ∙ 2,542 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,542 Sqft ∙ Built 2012
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.79
    •  
  • 14906 N Eldridge Parkway Houston, TX 3
    • 4 beds 3 baths ∙ 2,596 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,596 Sqft ∙ Built 1980
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.77
    •  
  • 16319 Willowpark Drive Tomball, TX 5
    • 4 beds 3 baths ∙ 2,692 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,692 Sqft ∙ Built 1989
    LEASED 05/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,075
    • $0.77
    •  
PROPERTY LISTING DETAILS
Cyndi Madere
1.281.785.1251
Keller Williams Professionals
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 25586636
Last Updated: 11/21/2020
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