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

12707 Wilbury Park Houston, TX 77041

3 Beds 4 Baths 2,847 sqft Built 1996

$375,000

List Price

$2,660

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $131.72
  • 3 Days on Market
  • MLS # : 67394687
  • Updated Date : 03/20/2021 at 13:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,847 sqft
  • Baths : 3 full , 1 half
Listing Agent

Prd, Inc.

Listing Agent's Description

Immaculate and well-kept showcase model. Open gourmet center island kitchen w/ granite counters, premium appliances & stone backsplash. Grand 2 story entry + well maintained backyard. Calif style container master BR closets. New garage door motor & springs in 2019. New roof and fence in 2014 (total $18K). New microwave and Bosch dishwasher in 2018. Two new hot water heaters in Apr 2020 ($2K). Must see to appreciate.

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: Lakes on Eldridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500kPrice in $99k512k

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

Neighborhood: Lakes on Eldridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600280030003200Rent in $9693234

* 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
Kirk Elementary School Primary Regular 934 57 6
Truitt Middle School Middle Regular 1,412 94 5
Cypress Ridge High School High Regular 3,030 195 5

Kirk Elementary School

  • Education Level: Primary
  • # of students: 934
  • # of teachers: 57
6
GreatSchools Rating

Truitt Middle School

  • Education Level: Middle
  • # of students: 1,412
  • # of teachers: 94
5
GreatSchools Rating

Cypress Ridge High School

  • Education Level: High
  • # of students: 3,030
  • # of teachers: 195
5
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

$2,394$2,926$2,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,660
EXPENSES Loan Payment -$1,303
Property Tax -$805
Property Insurance -$220
HOA -$120
Property Management Fees -$99
CASH FLOW
$114

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.

$375,000

PROJECTED PRICE

$2,660

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 0.9%
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$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$10,049

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,660

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,676

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,6603$2,7004$2,7505$3,000
$3,000
RENT COMPS ANALYSIS
  • 12707 Wilbury Park Houston, TX 2
    • 3 beds 4 baths ∙ 2,847 Sqft ∙ Built 1996 3 beds 4 baths ∙ 2,847 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,660
    • $0.93
    •  
  • 12714 Wilbury Park Houston, TX 1
    • 3 beds 3 baths ∙ 2,664 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,664 Sqft ∙ Built 1997
    property image
    LEASED 11/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.86
    •  
  • 12702 Turlock Court Houston, TX 3
    • 4 beds 3 baths ∙ 2,900 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,900 Sqft ∙ Built 1996
    property image
    LEASED 11/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.93
    •  
  • 12710 Wilbury Park Houston, TX 4
    • 4 beds 4 baths ∙ 2,842 Sqft ∙ Built 1996 4 beds 4 baths ∙ 2,842 Sqft ∙ Built 1996
    property image
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.97
    •  
  • 12706 Turlock Court Houston, TX 5
    • 4 beds 4 baths ∙ 3,000 Sqft ∙ Built 1995 4 beds 4 baths ∙ 3,000 Sqft ∙ Built 1995
    property image
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.00
    •  
PROPERTY LISTING DETAILS
Soon Kim
1.713.825.5909
Prd, Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 67394687
Last Updated: 03/20/2021
BESbswy