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12502 Ashford River Houston, TX 77072

3 Beds 3 Baths 1,905 sqft Built 2005

$205,000

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $107.61
  • 2 Days on Market
  • MLS # : 56127242
  • Updated Date : 03/27/2021 at 21:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,905 sqft
  • Baths : 2 full , 1 half
Listing Agent

Champions Real Estate Group

Listing Agent's Description

Nestled in a cul-de-sac, this 3 bedrooms 2 bath home is waiting for new owners and ready to move-in in the highly sought-after Ashford Gardens community! This home features a large family room, breakfast bar, and a full-size dining area, freshly painted with beautiful vinyl flooring. Upstairs you'll find serenity in your large primary bedroom, with two walk-in closets. The backyard, one of the biggest in the community, is ready for you to transform into a great entertainment space. This one won't last long!! Showings will begin Sunday, 3/28 Room Dimension should be independently verified.

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: Ashford Gardens

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $74k222k

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

Neighborhood: Ashford Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8581677

* 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
Liestman Elementary School Primary Regular 896 63 3
Killough Middle School Middle Regular 1,034 72 4
Hastings High School High Regular 3,890 260 4

Liestman Elementary School

  • Education Level: Primary
  • # of students: 896
  • # of teachers: 63
3
GreatSchools Rating

Killough Middle School

  • Education Level: Middle
  • # of students: 1,034
  • # of teachers: 72
4
GreatSchools Rating

Hastings High School

  • Education Level: High
  • # of students: 3,890
  • # of teachers: 260
4
GreatSchools Rating
 

$184,500$225,500$205,000

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 -$712
Property Tax -$432
Property Insurance -$156
HOA -$23
Property Management Fees -$99
CASH FLOW
$98

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$205,000

PROJECTED PRICE

$1,520

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.99%
Appreciation Year (1-5) 9.3%
Maintenance Year (1-5) 8.00%
Vacancy 8.01%
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-$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$60,075

INVESTMENT

$60,075

Down Payment
$51,250
Rehab Estimate
$5,750
Closing Costs
$3,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$712

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $51,250
Loan Amount $153,750
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$10,055

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
  • $0.8

    LIST RENT PER SQFT
  • $1,614

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5203$1,6504$1,6955$1,750
$1,750
RENT COMPS ANALYSIS
  • 12502 Ashford River Houston, TX 2
    • 3 beds 3 baths ∙ 1,905 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,905 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.80
    •  
  • 7834 Dairy View Lane Houston, TX 1
    • 3 beds 3 baths ∙ 1,780 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,780 Sqft ∙ Built 2005
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.84
    •  
  • 7827 Dairy View Lane Houston, TX 3
    • 3 beds 3 baths ∙ 2,020 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,020 Sqft ∙ Built 2005
    LEASED 03/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.82
    •  
  • 12607 Ashford Shore Drive Houston, TX 4
    • 3 beds 3 baths ∙ 1,912 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,912 Sqft ∙ Built 2015
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.89
    •  
  • 12511 Ashford River Houston, TX 5
    • 3 beds 3 baths ∙ 2,089 Sqft ∙ Built 2011 3 beds 3 baths ∙ 2,089 Sqft ∙ Built 2011
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.84
    •  
PROPERTY LISTING DETAILS
Alexia Edwards
1.281.541.3075
Champions 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 #: 56127242
Last Updated: 03/27/2021
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