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1413 Whispering Pines Drive Houston, TX 77055

3 Beds 3 Baths 2,423 sqft Built 1996

$380,000

List Price

$2,720

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $156.83
  • 7 Days on Market
  • MLS # : 81595252
  • Updated Date : 02/26/2021 at 11:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,423 sqft
  • Baths : 2 full , 1 half
Listing Agent

Martha Turner Sotheby's

Listing Agent's Description

Welcome home to 1413 Whispering Pines Dr #1, a lovely home located within a quiet and charming 8-Home enclave inside Spring Branch. The gated community is located across from Regis School of the Sacred Heart with easy access to both I-10 and 290. This lovely 3 bedroom home boasts a Owners Suite down complete with double vanity, enormous walk-in closet and separate shower and jetted tub. The kitchen is a dream with plenty of counter space, gas range island cooktop, breakfast bar and table nook. The guest suites are all located upstairs complete with walk-in closets, tall ceilings and a plethora of natural light. The upstairs game-room is complete with extra storage, built-in wet bar and entertainment storage. This home is perfect for entertaining your family and friends while you enjoy dining al fresco with additional green space unique to only two homes in the community. Sophisticated and lovely - welcome home!

SEE MORE

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: 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
 

$342,000$418,000$380,000

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 -$1,320
Property Tax -$814
Property Insurance -$191
HOA -$83
Property Management Fees -$99
CASH FLOW
$213

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.

$380,000

PROJECTED PRICE

$2,720

PROJECTED RENT

0.72%

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$106,450

INVESTMENT

$106,450

Down Payment
$95,000
Rehab Estimate
$5,750
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,320

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $95,000
Loan Amount $285,000
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$17,566

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
  • $1.12

    LIST RENT PER SQFT
  • $2,744

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,6003$2,7204$2,8005$2,850
$2,850
RENT COMPS ANALYSIS
  • 1413 Whispering Pines Drive Houston, TX 3
    • 3 beds 3 baths ∙ 2,423 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,423 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,720
    • $1.12
    •  
  • 1230 Muirfield Place Houston, TX 1
    • 3 beds 2 baths ∙ 2,216 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,216 Sqft ∙ Built 1994
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.13
    •  
  • 1503 Shady Villa Manner Houston, TX 2
    • 3 beds 3 baths ∙ 2,268 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,268 Sqft ∙ Built 2005
    LEASED 02/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.15
    •  
  • 7019 Lawler Ridge Houston, TX 4
    • 3 beds 2 baths ∙ 2,374 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,374 Sqft ∙ Built 1997
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.18
    •  
  • 7807 Janak Drive Houston, TX 5
    • 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
    •  
PROPERTY LISTING DETAILS
Frank Lozano
1.985.859.9150
Martha Turner Sotheby's
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 81595252
Last Updated: 02/26/2021
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