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13834 Nw Aspen Knoll Court Houston, TX 77059

4 Beds 4 Baths 2,777 sqft Built 1996

$319,900

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $115.20
  • 4 Days on Market
  • MLS # : 70196050
  • Updated Date : 03/20/2021 at 21:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,777 sqft
  • Baths : 3 full , 1 half
Listing Agent

Elite Texas Properties

Listing Agent's Description

Your dream home in the heart of Clear Lake is ready for move-in. Fresh paint and new carpet installed recently. Upgraded master bathroom and kitchen appliances. The kitchen with a sunny breakfast area opens to a high-ceiling family room with a fireplace. Formal dining and living room. Master suite downstairs with a walk-in closet, corner garden tub, separate shower, and separate powder room. Half bath and utility room on the first floor. Large bedrooms and spacious game room upstairs. Lots of natural light throughout the house. Over-sized backyard with a deck and storage shed. Lots of storage space in the easily-accessible attic. Washer, dryer, and refrigerator included. Water purification system in the garage. Zoned to great schools. Multiple shopping areas within 5 minutes of driving. Easy access to I-45, Beltway 8, and to the Baybrook Mall.

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: Bay Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $99k306k

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

Neighborhood: Bay Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9692063

* 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
North Pointe Elementary School Primary Regular 823 46 7
Clear Lake Intermediate School Middle Regular 1,001 64 6
Clear Brook High School High Regular 2,335 153 7

North Pointe Elementary School

  • Education Level: Primary
  • # of students: 823
  • # of teachers: 46
7
GreatSchools Rating

Clear Lake Intermediate School

  • Education Level: Middle
  • # of students: 1,001
  • # of teachers: 64
6
GreatSchools Rating

Clear Brook High School

  • Education Level: High
  • # of students: 2,335
  • # of teachers: 153
7
GreatSchools Rating
 

$287,910$351,890$319,900

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$1,111
Property Tax -$771
Property Insurance -$215
HOA -$52
Property Management Fees -$99
CASH FLOW
$22

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.

$319,900

PROJECTED PRICE

$2,270

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 7.8%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,524

INVESTMENT

$90,524

Down Payment
$79,975
Rehab Estimate
$5,750
Closing Costs
$4,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,975
Loan Amount $239,925
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$4,633

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,270

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,242

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1003$2,1504$2,2705$2,400
$2,400
RENT COMPS ANALYSIS
  • 13834 Nw Aspen Knoll Court Houston, TX 4
    • 4 beds 4 baths ∙ 2,777 Sqft ∙ Built 1996 4 beds 4 baths ∙ 2,777 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $0.82
    •  
  • 2406 Gentle Brook Court Houston, TX 1
    • 4 beds 3 baths ∙ 2,610 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,610 Sqft ∙ Built 1997
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.80
    •  
  • 2126 Village Dale Avenue Houston, TX 2
    • 4 beds 3 baths ∙ 2,616 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,616 Sqft ∙ Built 1996
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.80
    •  
  • 14514 Hillside Hickory Court Houston, TX 3
    • 4 beds 3 baths ∙ 2,660 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,660 Sqft ∙ Built 1988
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.81
    •  
  • 3211 Pleasant Cove Court Houston, TX 5
    • 4 beds 3 baths ∙ 2,935 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,935 Sqft ∙ Built 1996
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.82
    •  
PROPERTY LISTING DETAILS
Anna Spadaccini
1.832.370.8879
Elite Texas Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 70196050
Last Updated: 03/20/2021
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