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14123 Swallowfield Drive Houston, TX 77077

3 Beds 3 Baths 2,478 sqft Built 1989

$360,000

List Price

$2,440

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $145.28
  • 2 Days on Market
  • MLS # : 85436174
  • Updated Date : 03/13/2021 at 07:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,478 sqft
  • Baths : 2 full , 1 half
Listing Agent

American Republic Realty

Listing Agent's Description

Lovely home in energy corridor on cul de sac with huge back yard! Kitchen and baths feature granite counters, Master bath has shower with garden tub, double vanity and walk-in closet. All flooring is vinyl plank, laminate wood or tile. Carpet only on stairs. Large study on first floor could be converted into 4th bedroom. High ceiling in den with gas fireplace. Master has a sitting area with built-ins. 2" blinds, ceiling fans, washer/dryer included. House did not flood in Harvey.

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: Briarhills

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $99k384k

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

Neighborhood: Briarhills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100220023002400Rent in $9692416

* 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
Barbara Bush Elementary School Primary Regular 834 41 10
West Briar Middle School Middle Regular 1,051 62 7
Westside High School High Magnet 2,748 146 7

Barbara Bush Elementary School

  • Education Level: Primary
  • # of students: 834
  • # of teachers: 41
10
GreatSchools Rating

West Briar Middle School

  • Education Level: Middle
  • # of students: 1,051
  • # of teachers: 62
7
GreatSchools Rating

Westside High School

  • Education Level: High
  • # of students: 2,748
  • # of teachers: 146
7
GreatSchools Rating
 

$324,000$396,000$360,000

PURCHASE PRICE

$2,196$2,684$2,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,440
EXPENSES Loan Payment -$1,250
Property Tax -$825
Property Insurance -$195
HOA -$58
Property Management Fees -$99
CASH FLOW
$12

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.

$360,000

PROJECTED PRICE

$2,440

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 3.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$5,411

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,440

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,453

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,440
1$2,4402$2,4503$2,5004$2,5505$2,550
$2,550
RENT COMPS ANALYSIS
  • 14123 Swallowfield Drive Houston, TX 1
    • 3 beds 3 baths ∙ 2,478 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,478 Sqft ∙ Built 1989
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,440
    • $0.98
    •  
  • 14138 Swallowfield Drive Houston, TX 2
    • 4 beds 3 baths ∙ 2,520 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,520 Sqft ∙ Built 1990
    property image
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.97
    •  
  • 14227 Stokesmount Drive Houston, TX 3
    • 3 beds 3 baths ∙ 2,488 Sqft ∙ Built 1980 3 beds 3 baths ∙ 2,488 Sqft ∙ Built 1980
    property image
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.00
    •  
  • 14211 Woodville Gardens Drive Houston, TX 4
    • 3 beds 3 baths ∙ 2,566 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,566 Sqft ∙ Built 1989
    property image
    LEASED 03/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.99
    •  
  • 14214 Withersdale Drive Houston, TX 5
    • 4 beds 3 baths ∙ 2,556 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,556 Sqft ∙ Built 1984
    property image
    LEASED 10/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.00
    •  
PROPERTY LISTING DETAILS
Jay Floyd
1.281.232.8902
American Republic Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 85436174
Last Updated: 03/13/2021
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