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12626 Cooper Breaks Drive Humble, TX 77346

4 Beds 3 Baths 2,496 sqft Built 2006

$269,900

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $108.13
  • 22 Days on Market
  • MLS # : 89292673
  • Updated Date : 11/14/2020 at 14:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,496 sqft
  • Baths : 2 full , 1 half
Listing Agent

Walzel Properties

Listing Agent's Description

Well maintained Trendmaker home, located in the community of Eagle Springs. NEVER FLOODED! Literally minutes away from elementary school. Home features, high ceilings, formal dining, crown molding with accent lights, gas log fireplace, and fully bricked. Tile flooring throughout hall, formal dining, den, kitchen and owner's bath area. Kitchen has granite counter tops, butcher-block island, and stainless steel appliances. Owner’s retreat with dual vanities, whirlpool tub, separate shower, and two walk-in closets. Home has covered front & back porch with NO BACK NEIGHBORS. Neighborhood amenities include club-house, sports & fitness center, 2 awesome area pools, splash pad, sport fields, parks, and tons of other activities. Easy access to IAH Airport, BW 8, 59, and Lake Houston. Just minutes away from everything you need! Room sizes are approximate, please measure for accuracy. Schedule your showing today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Houston metro employment growth is at 1.8% and predicted to grow to 2.7% in 2019-20 (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
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$996
Property Tax -$729
Property Insurance -$196
HOA -$69
Property Management Fees -$99
CASH FLOW
$71

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.

$269,900

PROJECTED PRICE

$2,160

PROJECTED RENT

0.80%

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-$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$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$6,556

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,153

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,1003$2,1604$2,2005$2,300
$2,300
RENT COMPS ANALYSIS
  • 12626 Cooper Breaks Drive Humble, TX 3
    • 4 beds 3 baths ∙ 2,496 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,496 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $0.87
    •  
  • 12715 Cooper Breaks Drive Humble, TX 1
    • 4 beds 2 baths ∙ 2,618 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,618 Sqft ∙ Built 2005
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.78
    •  
  • 12923 Madison Boulder Lane Humble, TX 2
    • 4 beds 3 baths ∙ 2,459 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,459 Sqft ∙ Built 2012
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.85
    •  
  • 18510 Wild Basin Trail Humble, TX 4
    • 4 beds 3 baths ∙ 2,617 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,617 Sqft ∙ Built 2003
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.84
    •  
  • 17027 Perdido Key Lane Humble, TX 5
    • 4 beds 3 baths ∙ 2,349 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,349 Sqft ∙ Built 2012
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.98
    •  
PROPERTY LISTING DETAILS
Alecia Jackson
1.832.723.3157
Walzel Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 89292673
Last Updated: 11/14/2020
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