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13735 Lake Livingston Drive Houston, TX 77044

3 Beds 3 Baths 2,822 sqft Built 2007

$278,000

List Price

$2,430

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $98.51
  • 3 Days on Market
  • MLS # : 41391826
  • Updated Date : 11/01/2020 at 18:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,822 sqft
  • Baths : 2 full , 1 half
Listing Agent

Cb & A, Realtors

Listing Agent's Description

Big Beautiful home with high ceilings, formal dining, home office, and that master closet! Be welcomed to Waters Edge's: Boat dock, Clubhouse, Fitness Center, Kayak Launch, Splash Pad, Lake, Playground, Rec Center, Swimming Pools, Walking Trails! Stay-Cation never looked so good!

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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: Waters Edge on Lake Houston

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $99k361k

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

Neighborhood: Waters Edge on Lake Houston

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9692890

* 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
Lakeshore Elementary School Primary Regular 954 60 6
Woodcreek Middle School Middle Regular 1,313 75 7
Summer Creek High School High Regular 2,427 148 5

Lakeshore Elementary School

  • Education Level: Primary
  • # of students: 954
  • # of teachers: 60
6
GreatSchools Rating

Woodcreek Middle School

  • Education Level: Middle
  • # of students: 1,313
  • # of teachers: 75
7
GreatSchools Rating

Summer Creek High School

  • Education Level: High
  • # of students: 2,427
  • # of teachers: 148
5
GreatSchools Rating
 

$250,200$305,800$278,000

PURCHASE PRICE

$2,187$2,673$2,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,430
EXPENSES Loan Payment -$1,026
Property Tax -$822
Property Insurance -$218
HOA -$113
Property Management Fees -$99
CASH FLOW
$153

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.

$278,000

PROJECTED PRICE

$2,430

PROJECTED RENT

0.87%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 3.0%
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$700k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,420

INVESTMENT

$79,420

Down Payment
$69,500
Rehab Estimate
$5,750
Closing Costs
$4,170

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,026

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,500
Loan Amount $208,500
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$9,875

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,430

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,490

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4303$2,5004$2,5205$2,600
$2,600
RENT COMPS ANALYSIS
  • 13735 Lake Livingston Drive Houston, TX 2
    • 3 beds 3 baths ∙ 2,822 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,822 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,430
    • $0.86
    •  
  • 13514 Lake Barkley Lane Houston, TX 1
    • 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 2013
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.86
    •  
  • 13743 Lake Livingston Drive Houston, TX 3
    • 4 beds 3 baths ∙ 3,014 Sqft ∙ Built 2008 4 beds 3 baths ∙ 3,014 Sqft ∙ Built 2008
    property image
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.83
    •  
  • 13609 Palo Lake Lane Houston, TX 4
    • 4 beds 4 baths ∙ 2,753 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,753 Sqft ∙ Built 2015
    property image
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,520
    • $0.92
    •  
  • 13326 Lake Chesdin Road Houston, TX 5
    • 4 beds 3 baths ∙ 2,823 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,823 Sqft ∙ Built 2018
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.92
    •  
PROPERTY LISTING DETAILS
Troy Tomlinson
1.832.514.5800
Cb & A, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 41391826
Last Updated: 11/01/2020
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