Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

12426 Adams Ridge Lane Humble, TX 77346

4 Beds 4 Baths 2,922 sqft Built 2009

$295,000

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $100.96
  • 4 Days on Market
  • MLS # : 8939933
  • Updated Date : 03/13/2021 at 18:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,922 sqft
  • Baths : 3 full , 1 half
Listing Agent

Bhgre Gary Greene

Listing Agent's Description

Absolutely Gorgeous 4 beds, 3.5 baths home in the beautiful master planned community of Eagle Springs. Stunning high ceilings, wall in windows & fireplace in family room which is very spacious and it has surround speakers installed ideal for entertainment with friends and family. The kitchen is open concept and it has granite countertops, stainless steel appl, massive cabinets & peninsula/island. Wood floors in formal dining. Tile floors all the main floor. Master down with recent tile wood looking floor recently installed. Master bath w/double sinks, separate shower & jetted tub & great size closet. HUGE game room. Upstairs carpet recently installed in Dec 2020. Spectacular back yard w/covered patio, extended stamped concrete deck & landscaping lighting ( back, front & sides). Recessed lighting added in master and living room. Full sprinkler system. Culdesac street. Many amenities for the whole family, great location & a lot more. Schedule your showing today before it is to late!

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
Eagle Springs Elementary School Primary Regular 788 47 8
Timberwood Middle School Middle Regular 1,376 81 7
Atascocita High School High Regular 3,214 182 6

Eagle Springs Elementary School

  • Education Level: Primary
  • # of students: 788
  • # of teachers: 47
8
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
 

$265,500$324,500$295,000

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,025
Property Tax -$785
Property Insurance -$225
HOA -$69
Property Management Fees -$99
CASH FLOW
$48

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.

$295,000

PROJECTED PRICE

$2,250

PROJECTED RENT

0.76%

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-$6.0k-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,025

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$4,401

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,221

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$2,025
1$2,0252$2,1003$2,2004$2,2505$2,300
$2,300
RENT COMPS ANALYSIS
  • 12426 Adams Ridge Lane Humble, TX 4
    • 4 beds 4 baths ∙ 2,922 Sqft ∙ Built 2009 4 beds 4 baths ∙ 2,922 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.77
    •  
  • 12222 Zenith Ridge Way Humble, TX 1
    • 4 beds 3 baths ∙ 2,761 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,761 Sqft ∙ Built 2015
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,025
    • $0.73
    •  
  • 12738 Rock Creek Court Humble, TX 2
    • 4 beds 4 baths ∙ 2,784 Sqft ∙ Built 2003 4 beds 4 baths ∙ 2,784 Sqft ∙ Built 2003
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.75
    •  
  • 17311 Tower Falls Lane Lane Humble, TX 3
    • 4 beds 3 baths ∙ 2,944 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,944 Sqft ∙ Built 2006
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.75
    •  
  • 12811 Bedell Bridge Lane Humble, TX 5
    • 3 beds 4 baths ∙ 2,851 Sqft ∙ Built 2012 3 beds 4 baths ∙ 2,851 Sqft ∙ Built 2012
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.81
    •  
PROPERTY LISTING DETAILS
Laura Cox
1.832.561.3702
Bhgre Gary Greene
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 8939933
Last Updated: 03/13/2021
BESbswy