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12715 S Bayberry Bend Circle Drive Houston, TX 77072

4 Beds 3 Baths 2,980 sqft Built 2004

$235,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

February 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $78.86
  • 7 Days on Market
  • MLS # : 54929657
  • Updated Date : 02/01/2021 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,980 sqft
  • Baths : 2 full , 1 half
Listing Agent

Lone Star Realty

Listing Agent's Description

Two stories home all bedroom up with high ceiling and tiles on first floor, open kitchen very light and bright from large windows, island kitchen, study and cover patio. THIS HOME IS BEING SOLD AS-IS.

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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: High Star

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $74k222k

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

Neighborhood: High Star

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600Rent in $9101677

* 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
Mahanay Elementary School Primary Regular 803 59 5
O'donnell Middle School Middle Regular 1,263 91 6
Hastings High School High Regular 3,890 260 4

Mahanay Elementary School

  • Education Level: Primary
  • # of students: 803
  • # of teachers: 59
5
GreatSchools Rating

O'donnell Middle School

  • Education Level: Middle
  • # of students: 1,263
  • # of teachers: 91
6
GreatSchools Rating

Hastings High School

  • Education Level: High
  • # of students: 3,890
  • # of teachers: 260
4
GreatSchools Rating
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$816
Property Tax -$496
Property Insurance -$229
HOA -$25
Property Management Fees -$99
CASH FLOW
$56

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.

$235,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.73%

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$800k

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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% 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 $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$7,151

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.58

    LIST RENT PER SQFT
  • $1,825

    COMP ESTIMATED VALUE
  • $0.61

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7203$1,8004$1,8505$1,850
$1,850
RENT COMPS ANALYSIS
  • 12715 S Bayberry Bend Circle Drive Houston, TX 2
    • 4 beds 3 baths ∙ 2,980 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,980 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.58
    •  
  • 12807 Magenta Oaks Drive Houston, TX 1
    • 4 beds 3 baths ∙ 2,733 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,733 Sqft ∙ Built 2004
    property image
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.62
    •  
  • 13122 S Bellaire Estates Drive Houston, TX 3
    • 4 beds 4 baths ∙ 2,847 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,847 Sqft ∙ Built 2013
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.63
    •  
  • 13150 S Bellaire Estates Drive Houston, TX 4
    • 5 beds 4 baths ∙ 2,969 Sqft ∙ Built 2004 5 beds 4 baths ∙ 2,969 Sqft ∙ Built 2004
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.62
    •  
  • 12722 S Bayberry Bend Circle Drive Houston, TX 5
    • 5 beds 3 baths ∙ 3,199 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,199 Sqft ∙ Built 2004
    property image
    LEASED 01/31/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.58
    •  
PROPERTY LISTING DETAILS
Lily Do
1.281.895.7732
Lone Star Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 54929657
Last Updated: 02/01/2021
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