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12543 Sharpview Drive Houston, TX 77072

3 Beds 2 Baths 1,856 sqft Built 1982

$199,990

List Price

$1,510

$1.4K - $1.7K

Rent Est.

$58,747

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+9.3%)
1 YR. PROJ. APPRECIATION


Cap Rate	3.6%
Cash Flow	$1,632
Value Increase	$19,031

10 YEAR

Cash On Cash	-1.1%
Total Return	13.9%

PROPERTY INFO

SINGLE-FAMILY

July 13, 2021 RECENTLY ADDED

FACTS

Single Family
Built In 1982
Price/Sqft : $107.75
2 Days on Market
MLS # : 18894854
Updated Date : 07/13/2021 at 10:58

CONSTRUCTION

Beds : 3
Floor Size : 1,856 sqft
Baths : 2 full

Listing Agent

Kingfay Inc

Listing Agent's Description

GREAT LOCATION! VERY CLOSE TO WEST PARK TOLL WAY AND HWY6. FOUNDATION REPAIRED in 2019 VS LIFE TIME WARRANTY, ROOF REPLACED 2019, SIDING REPLACED 2019, APPLIANCES BOUGHT 2019, GRANITE COUNTER TOPS , KITCHEN CABINETS, VANITY, LIGHT FIXTURE, FAN, GABAGE DISPOSAL, FAUCETS, WOOD LOOKING TITLE, LAMINATE FLOOR, WINDOWS, ALL REPLACED IN 2019, ..... ALL AC/HEATING UNIT INSTALLED 2019. NEW PAINT! WON'T LAST LONG! ROOM MEASUREMENTS ARE APPROXIMATE. AGENT PLEASE DO YOU OWN DUE DILIGENCE. TEXT LISTING AGENT :832-770-1694 FOR SHOWING. 10:00AM - 8:30PM ONLY. NEED TWO HOURS NOTICE!!! HOUSE HAS ALARM!!

12539 Sharpview Dr

Houston, Texas

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MARKET HIGHLIGHTS

Houston Market Report

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)

Neighborhood: Oak Harbor

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

Neighborhood: Oak Harbor

* 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
Youens Elementary School	Primary	Regular	999	72	3
Killough Middle School	Middle	Regular	1,034	72	4
Hastings High School	High	Regular	3,890	260	4

Youens Elementary School

Education Level: Primary
# of students: 999
# of teachers: 72

GreatSchools Rating

Killough Middle School

Education Level: Middle
# of students: 1,034
# of teachers: 72

GreatSchools Rating

Hastings High School

Education Level: High
# of students: 3,890
# of teachers: 260

GreatSchools Rating

FINANCIALS

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$179,991$219,98900$199,990

PURCHASE PRICE

$1,359$1,66100$1,510

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

Learn how to read this

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,510
EXPENSES	Loan Payment	-$695
	Property Tax	-$422
	Property Insurance	-$153
	HOA	-$6
	Property Management Fees	-$99



CASH FLOW $136

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.

$199,990

PROJECTED PRICE

$1,510

PROJECTED RENT

0.76%

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

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$58,747

Down Payment	$49,998
Rehab Estimate	$5,750
Closing Costs	$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$695

MONTHLY LOAN PAYMENT

30 yr

3.75%

25.00%

Down Payment

Term	30 Years
Interest	3.75%
Down Payment	$49,998
Loan Amount	$149,993

See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$12,994

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,510
LIST RENT
$0.81
LIST RENT PER SQFT

$1,531
COMP ESTIMATED VALUE
$0.83
COMP AVG. RENT PER SQFT

Comps Range

$1,400

1$1,4002$1,5003$1,5004$1,5105$1,600

$1,600

RENT COMPS ANALYSIS

1,856
PROPERTY SQFT
$0.83
AVG RENT PER SQFT
$1,531
ESTIMATED VALUE
$1,510
LIST RENT

12543 Sharpview Drive Houston, TX 5

3 beds 2 baths ∙ 1,856 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 1982
Price

Price Per SQFT

$199,990

$107.75
7102 Belle Glen Drive Houston, TX 1

3 beds 2 baths ∙ 1,743 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 1968
SOLD 02/08/21
Price

Price Per SQFT

$160,000

$91.80
12384 Newbrook Drive Houston, TX 2

3 beds 3 baths ∙ 1,715 Sqft ∙ Built 1978 3 beds 3 baths ∙ 1,715 Sqft ∙ Built 1978
SOLD 01/25/21
Price

Price Per SQFT

$164,000

$95.63
12421 Wellington Park Drive Houston, TX 3

3 beds 3 baths ∙ 1,715 Sqft ∙ Built 1979 3 beds 3 baths ∙ 1,715 Sqft ∙ Built 1979
SOLD 03/26/21
Price

Price Per SQFT

$170,000

$99.13
7719 Miller Glen Lane Houston, TX 4

4 beds 3 baths ∙ 1,850 Sqft ∙ Built 1978 4 beds 3 baths ∙ 1,850 Sqft ∙ Built 1978
SOLD 05/06/21
Price

Price Per SQFT

$180,000

$97.30

12543 Sharpview Drive Houston, TX 4

3 beds 2 baths ∙ 1,856 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 1982
Rent

Rent Per SQFT

$1,510

$0.81
7119 Autumn Grove Drive Houston, TX 1

3 beds 2 baths ∙ 1,659 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,659 Sqft ∙ Built 1978
LEASED 02/01/21
Rent

Rent Per SQFT

$1,400

$0.84
7615 Hollow Glen Lane Houston, TX 2

3 beds 3 baths ∙ 1,850 Sqft ∙ Built 1978 3 beds 3 baths ∙ 1,850 Sqft ∙ Built 1978
LEASED 03/31/21
Rent

Rent Per SQFT

$1,500

$0.81
7511 Universal Drive Houston, TX 3

4 beds 2 baths ∙ 1,843 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,843 Sqft ∙ Built 1970
LEASED 08/17/20
Rent

Rent Per SQFT

$1,500

$0.81
7807 Beech Cove Lane Houston, TX 5

4 beds 2 baths ∙ 1,910 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,910 Sqft ∙ Built 1965
LEASED 03/01/21
Rent

Rent Per SQFT

$1,600

$0.84

PROPERTY LISTING DETAILS

Xiao Luo
1.832.770.1694
Kingfay Inc

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 18894854
Last Updated: 07/13/2021

12543 Sharpview Drive Houston, TX 77072

$199,990

$1,510

$58,747

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Youens Elementary School

Killough Middle School

Hastings High School

FINANCIALS

$179,991$219,98900$199,990

$1,359$1,66100$1,510

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$199,990

$1,510

0.76%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$695

5.67

$12,994

$199,990

$107.75

$178,111

$95.97

COMPS RANGE

PRICE COMPS ANALYSIS

$1,510

$0.81

$1,531

$0.83

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS