Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

13627 Galena Creek Drive Houston, TX 77086

4 Beds 3 Baths 2,490 sqft Built 2003

$185,000

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $74.30
  • 6 Days on Market
  • MLS # : 7171483
  • Updated Date : 12/05/2020 at 13:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,490 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty, Llc

Listing Agent's Description

This beautiful 2-story home is located in a very convenient area: gym, groceries, pharmacy, cleaners, coffee, medical, AMC, Willowbrook Mall within 3 miles, and nearby 112 moderately priced restaurants and has an average variety of cuisines within 5 miles, and many more. Love outdoor activity? Park, Golf Center, Dog Park, is within 9 miles. Come and see for yourself!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Blue Creek

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $74k222k

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

Neighborhood: Blue Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600Rent in $9051677

* 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
Mcdougle Elementary School Primary Regular 697 59 6
Klein Intermediate School Middle Regular 1,232 93 3
Klein Forest High School High Regular 3,589 258 3

Mcdougle Elementary School

  • Education Level: Primary
  • # of students: 697
  • # of teachers: 59
6
GreatSchools Rating

Klein Intermediate School

  • Education Level: Middle
  • # of students: 1,232
  • # of teachers: 93
3
GreatSchools Rating

Klein Forest High School

  • Education Level: High
  • # of students: 3,589
  • # of teachers: 258
3
GreatSchools Rating
 

$166,500$203,500$185,000

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$683
Property Tax -$390
Property Insurance -$195
HOA -$30
Property Management Fees -$99
CASH FLOW
$143

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.

$185,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.83%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.99%
Appreciation Year (1-5) 9.5%
Maintenance Year (1-5) 8.00%
Vacancy 8.01%
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

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$54,775

INVESTMENT

$54,775

Down Payment
$46,250
Rehab Estimate
$5,750
Closing Costs
$2,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$683

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $46,250
Loan Amount $138,750
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$14,706

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.62

    LIST RENT PER SQFT
  • $1,699

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,540
1$1,5402$1,5503$1,8004$1,8005$1,800
$1,800
RENT COMPS ANALYSIS
  • 13627 Galena Creek Drive Houston, TX 1
    • 4 beds 3 baths ∙ 2,490 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,490 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.62
    •  
  • 15406 Bay Lodge Lane Houston, TX 2
    • 3 beds 3 baths ∙ 2,520 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,520 Sqft ∙ Built 2003
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.62
    •  
  • 6535 Silky Moss Drive Houston, TX 3
    • 4 beds 3 baths ∙ 2,504 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,504 Sqft ∙ Built 2003
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.72
    •  
  • 10107 Sand Tracks Court Houston, TX 4
    • 4 beds 3 baths ∙ 2,506 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,506 Sqft ∙ Built 2004
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.72
    •  
  • 6614 Turrett Point Lane Houston, TX 5
    • 4 beds 3 baths ∙ 2,676 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,676 Sqft ∙ Built 2006
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.67
    •  
PROPERTY LISTING DETAILS
Loc Tran
1.832.620.5988
Exp Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 7171483
Last Updated: 12/05/2020
BESbswy