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12727 Ashford Creek Drive Houston, TX 77082

3 Beds 2 Baths 1,784 sqft Built 1981

$190,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 08, 2020 RECENTLY ADDED
FACTS
  • Built In 1981
  • Price/Sqft : $106.50
  • 2 Days on Market
  • MLS # : 92138985
  • Updated Date : 11/07/2020 at 21:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,784 sqft
  • Baths : 2 full
Listing Agent

Precious Realty & Mortgage

Listing Agent's Description

FULLY UPGRADED COZY HOUSE ! OPEN SPACE CONCEPT. VERY CLEAN. HOUSE HAS 3 BEDROOMS. LIKE- NEW WOOD LAMINATE FLOORING.TILE FLOORING IN WET AREAS. NEW ROOF REPLACED IN 2019. TILE UPGRADED FIREPLACE. BEAUTIFUL GRANITE KITCHEN COUNTER TOP. HIGH CEILING IN LIVING ROOM & PRIMARY BEDROOM. FRESH PAINT. WELL-MAINTAINED LANDSCAPING IN FRONT & BACK YARD. CONVENIENT LOCATION: EASY ACCESS TO HWY 6, WESTHEIMER, RICHMOND, BWY 8, I-10,... FEW MINUTES TO HOSPITAL, MARKETS, POLICE STATION...*** NO FLOODED PER SELLER*** DON'T WAIT, THIS HOUSE WILL NOT LAST LONG !

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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: Ashford Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k110k120k130k140k150k160k170k180k190k200k210k220k230kPrice in $99k238k

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

Neighborhood: Ashford Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001050110011501200125013001350140014501500155016001650Rent in $9611677

* 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
Budewig Intermediate School Primary Regular 1,190 79 5
O'donnell Middle School Middle Regular 1,263 91 6
Hastings High School High Regular 3,890 260 4

Budewig Intermediate School

  • Education Level: Primary
  • # of students: 1,190
  • # of teachers: 79
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
 

$171,000$209,000$190,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$701
Property Tax -$401
Property Insurance -$148
HOA -$33
Property Management Fees -$99
CASH FLOW
$178

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.

$190,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.82%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 7.9%
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$700k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$56,100

INVESTMENT

$56,100

Down Payment
$47,500
Rehab Estimate
$5,750
Closing Costs
$2,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$701

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $47,500
Loan Amount $142,500
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$17,291

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,561

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4503$1,5604$1,6505$1,650
$1,650
RENT COMPS ANALYSIS
  • 12727 Ashford Creek Drive Houston, TX 3
    • 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.87
    •  
  • 12722 Ashford Knoll Drive Houston, TX 1
    • 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 1981
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.81
    •  
  • 12710 Ashford Meadow Drive Houston, TX 2
    • 3 beds 3 baths ∙ 1,780 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,780 Sqft ∙ Built 1983
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.81
    •  
  • 12719 Ashford Brook Drive Houston, TX 4
    • 3 beds 2 baths ∙ 1,803 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,803 Sqft ∙ Built 1983
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.92
    •  
  • 12727 Ashford Knoll Drive Houston, TX 5
    • 3 beds 2 baths ∙ 1,723 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,723 Sqft ∙ Built 1981
    LEASED 10/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.96
    •  
PROPERTY LISTING DETAILS
Tram Bui
1.832.846.9246
Precious Realty & Mortgage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 92138985
Last Updated: 11/07/2020
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