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12715 Pine Woods Street Tomball, TX 77375

3 Beds 2 Baths 1,885 sqft Built 2007

$234,900

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $124.62
  • 3 Days on Market
  • MLS # : 58749824
  • Updated Date : 03/19/2021 at 20:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,885 sqft
  • Baths : 2 full
Listing Agent

Exp Realty, Llc

Listing Agent's Description

IMMACULATELY MAINTAINED BEAUTIFUL ONE STORY HOME IN GREAT LOCATION!! MOVE RIGHT INTO THIS GEM!! SPACIOUS FLOOR PLAN OFFERS BOTH FORMALS, HICKORY HARDWOOD FLOORS, UPGRADED CARPET IN FORMALS, TILE ENTRY, DARK MAHOGANY CABINETS & GRANITE IN KITCHEN, LARGE MASTER BEDROOM & BATH WITH GARDEN TUB & SHOWER. AMAZING BACK PATIO IS THE PERFECT PLACE TO BBQ & ENTERTAIN. THIS IS A MUST SEE!!

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

Zip Code: 77375

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Zip Code: 77375

ZipNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10562063

* 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
Tomball Elementary School Primary Regular 741 53 5
Tomball Junior High School Middle Regular 922 56 7
Tomball High School High Regular 1,624 93 8

Tomball Elementary School

  • Education Level: Primary
  • # of students: 741
  • # of teachers: 53
5
GreatSchools Rating

Tomball Junior High School

  • Education Level: Middle
  • # of students: 922
  • # of teachers: 56
7
GreatSchools Rating

Tomball High School

  • Education Level: High
  • # of students: 1,624
  • # of teachers: 93
8
GreatSchools Rating
 

$211,410$258,390$234,900

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$816
Property Tax -$494
Property Insurance -$151
HOA -$29
Property Management Fees -$99
CASH FLOW
$91

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.

$234,900

PROJECTED PRICE

$1,680

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 6.2%
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-$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$67,999

INVESTMENT

$67,999

Down Payment
$58,725
Rehab Estimate
$5,750
Closing Costs
$3,524

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$816

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,725
Loan Amount $176,175
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$8,136

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,734

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6503$1,6804$1,6995$1,700
$1,700
RENT COMPS ANALYSIS
  • 12715 Pine Woods Street Tomball, TX 3
    • 3 beds 2 baths ∙ 1,885 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,885 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.89
    •  
  • 20347 Yosemite Falls Drive Tomball, TX 1
    • 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 2008
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.89
    •  
  • 1419 Joseph Court Tomball, TX 2
    • 3 beds 3 baths ∙ 1,857 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,857 Sqft ∙ Built 2000
    LEASED 01/30/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.89
    •  
  • 1907 Scotch Pine Street Tomball, TX 4
    • 3 beds 2 baths ∙ 1,770 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,770 Sqft ∙ Built 2005
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.96
    •  
  • 12802 Spruce Circle Tomball, TX 5
    • 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 2006
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.94
    •  
PROPERTY LISTING DETAILS
Maria Moore
1.832.455.5388
Exp Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 58749824
Last Updated: 03/19/2021
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