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12927 Almeda Crossing Court Houston, TX 77048

3 Beds 2 Baths 1,380 sqft Built 2017

$169,999

List Price

$1,390

$1.3K - $1.5K

Rent Est.

$50,800

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+9.3%)
1 YR. PROJ. APPRECIATION


Cap Rate	3.5%
Cash Flow	$924
Value Increase	$16,380

10 YEAR

Cash On Cash	-2.5%
Total Return	12.9%

PROPERTY INFO

November 24, 2020 RECENTLY ADDED

FACTS

Single Family
Built In 2017
Price/Sqft : $123.19
6 Days on Market
MLS # : 81891571
Updated Date : 11/28/2020 at 14:32

CONSTRUCTION

Beds : 3
Floor Size : 1,380 sqft
Baths : 2 full

Listing Agent

Womack Development

Listing Agent's Description

Beautifully kept home within a cul-de-sac built in 2017 with 3 bedrroms and 2 full baths and a very open floorplan for great entertainment . This home is located close tot he medical center with close access to 1-45 south. A investors dream home with a tenant still living in the home until April 2021 (on time payments ). A start up home !

12922 Almeda Crossing Ct

Houston, Texas

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MARKET HIGHLIGHTS

Houston Market Report

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)

Neighborhood: South Acres - Crestmont Park

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

Neighborhood: South Acres - Crestmont Park

* 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
Frost Elementary School	Primary	Regular	648	32	5
Thomas Middle School	Middle	Regular	476	32	3
Sterling High School	High	Magnet	1,060	60	2

Frost Elementary School

Education Level: Primary
# of students: 648
# of teachers: 32

GreatSchools Rating

Thomas Middle School

Education Level: Middle
# of students: 476
# of teachers: 32

GreatSchools Rating

Sterling High School

Education Level: High
# of students: 1,060
# of teachers: 60

GreatSchools Rating

FINANCIALS

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$152,999$186,99900$169,999

PURCHASE PRICE

$1,251$1,52900$1,390

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

Learn how to read this

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,390
EXPENSES	Loan Payment	-$627
	Property Tax	-$433
	Property Insurance	-$120
	HOA	-$33
	Property Management Fees	-$99



CASH FLOW $77

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.

$169,999

PROJECTED PRICE

$1,390

PROJECTED RENT

0.82%

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

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$50,800

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

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$627

MONTHLY LOAN PAYMENT

30 yr

4.25%

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

4.42

YEARS SAVED

$8,663

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,390
LIST RENT
$1.01
LIST RENT PER SQFT

$1,428
COMP ESTIMATED VALUE
$1.04
COMP AVG. RENT PER SQFT

Comps Range

$1,390

1$1,3902$1,4503$1,4754$1,5005$1,600

$1,600

RENT COMPS ANALYSIS

1,380
PROPERTY SQFT
$1.04
AVG RENT PER SQFT
$1,428
ESTIMATED VALUE
$1,390
LIST RENT

12927 Almeda Crossing Court Houston, TX 5

3 beds 2 baths ∙ 1,380 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 2017
Price

Price Per SQFT

$169,999

$123.19
11807 Cape Hyannis Drive Houston, TX 1

3 beds 2 baths ∙ 1,468 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,468 Sqft ∙ Built 2006
SOLD 08/21/20
Price

Price Per SQFT

$142,000

$96.73
5710 Abundant Life Lane Houston, TX 2

3 beds 2 baths ∙ 1,271 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,271 Sqft ∙ Built 2010
SOLD 05/29/20
Price

Price Per SQFT

$148,000

$116.44
5702 Park Village Drive Houston, TX 3

3 beds 2 baths ∙ 1,214 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,214 Sqft ∙ Built 2006
SOLD 10/16/20
Price

Price Per SQFT

$165,000

$135.91
5622 Abundant Life Lane Houston, TX 4

3 beds 2 baths ∙ 1,450 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 2013
SOLD 08/11/20
Price

Price Per SQFT

$168,000

$115.86

12927 Almeda Crossing Court Houston, TX 1

3 beds 2 baths ∙ 1,380 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 2017
Rent

Rent Per SQFT

$1,390

$1.01
12819 Fawnway Drive Houston, TX 2

4 beds 2 baths ∙ 1,532 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,532 Sqft ∙ Built 1997
LEASED 01/24/20
Rent

Rent Per SQFT

$1,450

$0.95
5211 Penwell Meadow Lane Houston, TX 3

3 beds 2 baths ∙ 1,398 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 2017
LEASED 06/26/20
Rent

Rent Per SQFT

$1,475

$1.06
13110 Ingram Gap Lane Houston, TX 4

3 beds 3 baths ∙ 1,425 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,425 Sqft ∙ Built 2017
LEASED 04/01/20
Rent

Rent Per SQFT

$1,500

$1.05
12910 Rockford Drive Houston, TX 5

4 beds 2 baths ∙ 1,478 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,478 Sqft ∙ Built 1998
LEASED 11/29/19
Rent

Rent Per SQFT

$1,600

$1.08

PROPERTY LISTING DETAILS

Tanesha Richardson
1.713.523.7402
Womack Development

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 81891571
Last Updated: 11/28/2020

12927 Almeda Crossing Court Houston, TX 77048

$169,999

$1,390

$50,800

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Frost Elementary School

Thomas Middle School

Sterling High School

FINANCIALS

$152,999$186,99900$169,999

$1,251$1,52900$1,390

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$169,999

$1,390

0.82%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$627

4.42

$8,663

$169,999

$123.19

$160,404

$116.24

COMPS RANGE

PRICE COMPS ANALYSIS

$1,390

$1.01

$1,428

$1.04

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS