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13422 Lyndonville Drive Houston, TX 77041

3 Beds 2 Baths 1,278 sqft Built 1982

$171,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

$51,065

Investment Est.

AVAILABLE

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1 Year
(+6.1%)
1 YR. PROJ. APPRECIATION


Cap Rate	3.7%
Cash Flow	$1,752
Value Increase	$10,852

10 YEAR

Cash On Cash	-1.0%
Total Return	11.2%

PROPERTY INFO

January 14, 2021 RECENTLY ADDED

FACTS

Single Family
Built In 1982
Price/Sqft : $133.80
4 Days on Market
MLS # : 52881763
Updated Date : 01/15/2021 at 10:49

CONSTRUCTION

Beds : 3
Floor Size : 1,278 sqft
Baths : 2 full

Listing Agent

Keller Williams Realty

Listing Agent's Description

Never flooded! 3 bed, 2 bath home in highly sought after Concord Bridge! Brand new paint and floors throughout the home. Granite counters in kitchen and bathrooms. Spacious walk in closet in the primary bedroom, and ample storage throughout. Great curb appeal and a huge back yard for the kids and pets! **Showings start on Saturday with an open house 11 a.m. - 1 p.m.

MARKET HIGHLIGHTS

Houston Market Report

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)
Houston metro contributes to 29.5% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)

Neighborhood: Concord Bridge

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

Neighborhood: Concord Bridge

* 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
Lee Elementary School	Primary	Regular	1,011	60	7
Truitt Middle School	Middle	Regular	1,412	94	5
Cypress Ridge High School	High	Regular	3,030	195	5

Lee Elementary School

Education Level: Primary
# of students: 1,011
# of teachers: 60

GreatSchools Rating

Truitt Middle School

Education Level: Middle
# of students: 1,412
# of teachers: 94

GreatSchools Rating

Cypress Ridge High School

Education Level: High
# of students: 3,030
# of teachers: 195

GreatSchools Rating

FINANCIALS

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$153,900$188,10000$171,000

PURCHASE PRICE

$1,242$1,51800$1,380

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	%

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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,380
EXPENSES	Loan Payment	-$594
	Property Tax	-$397
	Property Insurance	-$114
	HOA	-$31
	Property Management Fees	-$99



CASH FLOW $146

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.

$171,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.81%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	2.94%
Appreciation Year (1-5)	6.1%
Maintenance Year (1-5)	8.00%
Vacancy	8.80%
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

$51,065

Down Payment	$42,750
Rehab Estimate	$5,750
Closing Costs	$2,565

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$594

MONTHLY LOAN PAYMENT

30 yr

3.75%

25.00%

Down Payment

Term	30 Years
Interest	3.75%
Down Payment	$42,750
Loan Amount	$128,250

See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$11,498

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,380
LIST RENT
$1.08
LIST RENT PER SQFT

$1,380
COMP ESTIMATED VALUE
$1.08
COMP AVG. RENT PER SQFT

Comps Range

$1,380

1$1,3802$1,3953$1,4754$1,4955$1,585

$1,585

RENT COMPS ANALYSIS

1,278
PROPERTY SQFT
$1.08
AVG RENT PER SQFT
$1,380
ESTIMATED VALUE
$1,380
LIST RENT

13422 Lyndonville Drive Houston, TX 1

3 beds 2 baths ∙ 1,278 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,278 Sqft ∙ Built 1982
Price

Price Per SQFT

$171,000

$133.80
6110 Hampton Falls Court Houston, TX 2

3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1982
SOLD 04/03/20
Price

Price Per SQFT

$182,900

$127.01
6251 Bryant Pond Drive Houston, TX 3

3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1982
SOLD 08/28/20
Price

Price Per SQFT

$183,500

$134.93
13546 Somersworth Drive Houston, TX 4

3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1982
SOLD 12/08/20
Price

Price Per SQFT

$185,000

$128.47
13510 Somersworth Drive Houston, TX 5

3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1982
SOLD 11/20/20
Price

Price Per SQFT

$220,000

$144.74

13422 Lyndonville Drive Houston, TX 1

3 beds 2 baths ∙ 1,278 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,278 Sqft ∙ Built 1982
Rent

Rent Per SQFT

$1,380

$1.08
13403 Bridgepath Lane Houston, TX 2

3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1983
LEASED 05/28/20
Rent

Rent Per SQFT

$1,395

$0.97
6214 Dyer Brook Drive Houston, TX 3

3 beds 2 baths ∙ 1,284 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 2000
LEASED 03/14/20
Rent

Rent Per SQFT

$1,475

$1.15
13506 Canaan Bridge Drive Houston, TX 4

3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1982
LEASED 11/24/20
Rent

Rent Per SQFT

$1,495

$1.10
13315 Hampton Falls Drive Houston, TX 5

3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1982
LEASED 07/31/20
Rent

Rent Per SQFT

$1,585

$1.10

PROPERTY LISTING DETAILS

Scottie Attaway
1.713.628.9509
Keller Williams Realty

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 52881763
Last Updated: 01/15/2021

13422 Lyndonville Drive Houston, TX 77041

$171,000

$1,380

$51,065

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Lee Elementary School

Truitt Middle School

Cypress Ridge High School

FINANCIALS

$153,900$188,10000$171,000

$1,242$1,51800$1,380

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$171,000

$1,380

0.81%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$594

6.08

$11,498

$171,000

$133.8

$170,980

$133.79

COMPS RANGE

PRICE COMPS ANALYSIS

$1,380

$1.08

$1,380

$1.08

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS