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12818 Madison Boulder Lane Humble, TX 77346

3 Beds 2 Baths 1,906 sqft Built 2011

$230,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $120.67
  • 4 Days on Market
  • MLS # : 18924457
  • Updated Date : 11/12/2020 at 19:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,906 sqft
  • Baths : 2 full
Listing Agent

Jla Realty

Listing Agent's Description

Beautiful home in the much desired Eagle Springs community of Atascocita. The home is an open floor plan one-story home with an office in the rear section of the home across from the primary bedroom. The home was recently painted throughout and is ready for a warm family. Home is walking distance Atascocita Spring Elementary where your kids could be assigned as rear walkers. Minutes away from many restaurants and shopping. Only 20 minutes away from George Bush International Airport.

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: Eagle Springs

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k332k

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

Neighborhood: Eagle Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10722179

* 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
Atascocita Springs Elementary School Primary Regular 1,035 54 7
Timberwood Middle School Middle Regular 1,376 81 7
Atascocita High School High Regular 3,214 182 6

Atascocita Springs Elementary School

  • Education Level: Primary
  • # of students: 1,035
  • # of teachers: 54
7
GreatSchools Rating

Timberwood Middle School

  • Education Level: Middle
  • # of students: 1,376
  • # of teachers: 81
7
GreatSchools Rating

Atascocita High School

  • Education Level: High
  • # of students: 3,214
  • # of teachers: 182
6
GreatSchools Rating
 

$207,000$253,000$230,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$849
Property Tax -$546
Property Insurance -$156
HOA -$69
Property Management Fees -$99
CASH FLOW
$51

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.

$230,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.77%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 3.6%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,700

INVESTMENT

$66,700

Down Payment
$57,500
Rehab Estimate
$5,750
Closing Costs
$3,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$849

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,500
Loan Amount $172,500
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$5,978

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,773

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7503$1,7704$1,8755$1,975
$1,975
RENT COMPS ANALYSIS
  • 12818 Madison Boulder Lane Humble, TX 3
    • 3 beds 2 baths ∙ 1,906 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,906 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.93
    •  
  • 12427 Fort Dupont Lane Humble, TX 1
    • 3 beds 3 baths ∙ 1,968 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,968 Sqft ∙ Built 2007
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.86
    •  
  • 13026 Davenport Hills Lane Humble, TX 2
    • 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 2013
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.99
    •  
  • 17250 Lafayette Hollow Lane Humble, TX 4
    • 3 beds 3 baths ∙ 2,035 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,035 Sqft ∙ Built 2006
    LEASED 06/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.92
    •  
  • 17247 Mitchell Pass Lane Humble, TX 5
    • 3 beds 3 baths ∙ 2,086 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,086 Sqft ∙ Built 2006
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.95
    •  
PROPERTY LISTING DETAILS
Alfredo Cavazos
1.832.212.0905
Jla Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 18924457
Last Updated: 11/12/2020
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