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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.

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!!

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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: Oak Harbor

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $74k222k

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

Neighborhood: Oak Harbor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8321677

* 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
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
 

$179,991$219,989$199,990

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

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
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$58,747

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
Term
3.75%
Interest
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
  • 12543 Sharpview Drive Houston, TX 4
    • 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 1982
    property image
    • 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
    property image
    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
    property image
    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
    property image
    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
    property image
    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
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