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

1413 Whispering Pines Drive Houston, TX 77055

3 Beds 3 Baths 2,679 sqft Built 1997

$389,000

List Price

$2,720

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $145.20
  • 4 Days on Market
  • MLS # : 3583506
  • Updated Date : 02/19/2021 at 15:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,679 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Cinco Ranch

Listing Agent's Description

Welcome to 1413 Whispering Pines Dr #5 Located in the Sought After Spring Branch District. This Custom Home is Privately Situated in a Gated Enclave & Across the Street from the Acclaimed Regis School of the Sacred Heart. The Builder Built this Unit Uniquely Different from Others in the Enclave. The Interior was Designed for Open-flows w High Ceilings & Large Rooms. This Original Owner Home Offers Beautiful Curb Appeal, a Fantastic Floorpan, Double Sided Fireplace, Gameroom Up, & Amply Sized Rooms Throughout. The Kitchen is a Delight w Lots of Counter & Cabinet Space, a Cooking Island (plumbed for gas), & a Lengthy Breakfast Bar. The Primary Bed, Bath, & Closet are Spacious. The Secondary Bedrooms Share an en-Suite Bath. This Home is Waiting for Your Custom Touches & Upgrades! It's a Great Opportunity to Live in a Rapidly Appreciating Area Close to Shopping, Dining, Entertainment, Parks, Galleria, Memorial, Downtown, & More. Quick Access to I-10, 290, Beltway 8, & 610. See it Today!

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: Whispering Pines Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500k550k600k650kPrice in $99k667k

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

Neighborhood: Whispering Pines Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600280030003200Rent in $9693248

* 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
Housman Elementary School Primary Regular 588 40 3
Landrum Middle School Middle Regular 1,045 53 3
Northbrook High School High Regular 2,260 133 2

Housman Elementary School

  • Education Level: Primary
  • # of students: 588
  • # of teachers: 40
3
GreatSchools Rating

Landrum Middle School

  • Education Level: Middle
  • # of students: 1,045
  • # of teachers: 53
3
GreatSchools Rating

Northbrook High School

  • Education Level: High
  • # of students: 2,260
  • # of teachers: 133
2
GreatSchools Rating
 

$350,100$427,900$389,000

PURCHASE PRICE

$2,448$2,992$2,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,720
EXPENSES Loan Payment -$1,351
Property Tax -$822
Property Insurance -$208
HOA -$83
Property Management Fees -$99
CASH FLOW
$156

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.

$389,000

PROJECTED PRICE

$2,720

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.8%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$108,835

INVESTMENT

$108,835

Down Payment
$97,250
Rehab Estimate
$5,750
Closing Costs
$5,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,351

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,250
Loan Amount $291,750
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$13,775

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,720

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,766

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,7203$2,8004$2,8505$2,900
$2,900
RENT COMPS ANALYSIS
  • 1413 Whispering Pines Drive Houston, TX 2
    • 3 beds 3 baths ∙ 2,679 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,679 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,720
    • $1.02
    •  
  • 1302 Antoine Drive Houston, TX 1
    • 3 beds 4 baths ∙ 2,680 Sqft ∙ Built 2006 3 beds 4 baths ∙ 2,680 Sqft ∙ Built 2006
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.01
    •  
  • 1503 Shady Villa Fern Houston, TX 3
    • 3 beds 4 baths ∙ 2,801 Sqft ∙ Built 2004 3 beds 4 baths ∙ 2,801 Sqft ∙ Built 2004
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.00
    •  
  • 7807 Janak Drive Houston, TX 4
    • 3 beds 3 baths ∙ 2,668 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,668 Sqft ∙ Built 2014
    LEASED 01/24/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.07
    •  
  • 6709 Woodbend Park Houston, TX 5
    • 4 beds 4 baths ∙ 2,774 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,774 Sqft ∙ Built 2013
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.05
    •  
PROPERTY LISTING DETAILS
Julie Morales
1.832.367.3412
Re/max Cinco Ranch
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 3583506
Last Updated: 02/19/2021
BESbswy