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12726 Blue Cromis Lane Houston, TX 77045

3 Beds 2 Baths 1,175 sqft Built 2005

$169,999

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $144.68
  • 2 Days on Market
  • MLS # : 65182374
  • Updated Date : 12/26/2020 at 21:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,175 sqft
  • Baths : 2 full
Listing Agent

Fairdale Realty

Listing Agent's Description

This home is in a prime location, just minutes away from 610!!! Totally renovated you are sure to be wowed. This home will not be on the market long! Enjoy the outdoors with an awesome deck, have that cookout you have always wanted.

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: Brentwood Place

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200k210k220kPrice in $88k222k

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

Neighborhood: Brentwood Place

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8881677

* 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
Hobby Elementary School Primary Regular 845 47 4
Dowling Middle School Middle Magnet 1,200 67 2
Madison High School High Magnet 1,833 107 2

Hobby Elementary School

  • Education Level: Primary
  • # of students: 845
  • # of teachers: 47
4
GreatSchools Rating

Dowling Middle School

  • Education Level: Middle
  • # of students: 1,200
  • # of teachers: 67
2
GreatSchools Rating

Madison High School

  • Education Level: High
  • # of students: 1,833
  • # of teachers: 107
2
GreatSchools Rating
 

$152,999$186,999$169,999

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$627
Property Tax -$358
Property Insurance -$107
HOA -$25
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.

$169,999

PROJECTED PRICE

$1,330

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 8.4%
Maintenance Year (1-5) 8.00%
Vacancy 8.80%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,800

INVESTMENT

$50,800

Down Payment
$42,500
Rehab Estimate
$5,750
Closing Costs
$2,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$627

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $42,500
Loan Amount $127,499
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$11,909

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $1,204

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2503$1,3304$1,3505$1,400
$1,400
RENT COMPS ANALYSIS
  • 12726 Blue Cromis Lane Houston, TX 3
    • 3 beds 2 baths ∙ 1,175 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,175 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $1.13
    •  
  • 3318 Angel Lane Houston, TX 1
    • 4 beds 2 baths ∙ 1,241 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,241 Sqft ∙ Built 2006
    property image
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.97
    •  
  • 3321 Beran Drive Houston, TX 2
    • 3 beds 2 baths ∙ 1,208 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,208 Sqft ∙ Built 2002
    property image
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.03
    •  
  • 12914 Townwood Drive Houston, TX 4
    • 4 beds 2 baths ∙ 1,383 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,383 Sqft ∙ Built 1996
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.98
    •  
  • 12919 Townwood Drive Houston, TX 5
    • 3 beds 2 baths ∙ 1,251 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,251 Sqft ∙ Built 1996
    property image
    LEASED 09/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.12
    •  
PROPERTY LISTING DETAILS
Leslie Wright
1.281.866.1028
Fairdale Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 65182374
Last Updated: 12/26/2020
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