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13631 Country Time Circle Tomball, TX 77375

4 Beds 3 Baths 2,315 sqft Built 2001

$265,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $114.47
  • 6 Days on Market
  • MLS # : 95531498
  • Updated Date : 01/20/2021 at 15:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,315 sqft
  • Baths : 2 full , 1 half
Listing Agent

Larae Whorley Realty Group

Listing Agent's Description

Beautiful updated home in Tomball city limits, convenient to highly accredited Tomball schools. This home boasts a large living room with a gas fireplace that is set in a lovely stone accent wall that is open to the kitchen & breakfast area. Enjoy having the primary bedroom downstairs, with the three additional bedrooms, full bathroom & a large gameroom on the second floor. Home boasts new 100% waterproof Luxury Vinyl floors & new carpet with upgraded foam padding. Kitchen offers new granite countertops, new GE free standing gas range, recently painted cabinets that are 30" with crown molding. Large master bedroom has two separate walk in closets, bath offers double vanities, large garden tub & a separate shower. Large concrete patio with gazebo that stays with home. Roof replaced in 2014, gutters around home. Beautiful landscaping with large oak trees in front & back. Rainbird Sprinkler Systems installed in 2015. Air ducts recently cleaned. Convenient to 249 & Lone Star College.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Country Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $105k278k

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

Neighborhood: Country Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10421905

* 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
Tomball Intermediate School Primary Regular 715 53 8
Tomball Intermediate School Middle Regular 715 53 8
Tomball High School High Regular 1,624 93 8

Tomball Intermediate School

  • Education Level: Primary
  • # of students: 715
  • # of teachers: 53
8
GreatSchools Rating

Tomball Intermediate School

  • Education Level: Middle
  • # of students: 715
  • # of teachers: 53
8
GreatSchools Rating

Tomball High School

  • Education Level: High
  • # of students: 1,624
  • # of teachers: 93
8
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$920
Property Tax -$557
Property Insurance -$179
HOA -$22
Property Management Fees -$99
CASH FLOW
$122

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.

$265,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 6.2%
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$800k

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$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$11,428

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,060

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,8003$1,9004$1,9505$2,000
$2,000
RENT COMPS ANALYSIS
  • 13631 Country Time Circle Tomball, TX 3
    • 4 beds 3 baths ∙ 2,315 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,315 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.82
    •  
  • 30702 Country Meadows Drive Tomball, TX 1
    • 3 beds 3 baths ∙ 1,972 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,972 Sqft ∙ Built 2001
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.85
    •  
  • 13638 Country Pine Court Tomball, TX 2
    • 3 beds 2 baths ∙ 2,119 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,119 Sqft ∙ Built 2001
    LEASED 08/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.85
    •  
  • 31303 Capella Circle Tomball, TX 4
    • 3 beds 2 baths ∙ 2,030 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,030 Sqft ∙ Built 1995
    LEASED 07/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.96
    •  
  • 31326 Alice Lane Tomball, TX 5
    • 3 beds 2 baths ∙ 2,212 Sqft ∙ Built 1981 3 beds 2 baths ∙ 2,212 Sqft ∙ Built 1981
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.90
    •  
PROPERTY LISTING DETAILS
Cassandra Jester
1.281.797.4793
Larae Whorley Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 95531498
Last Updated: 01/20/2021
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