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14223 Sandfield Dr Drive Houston, TX 77077

3 Beds 2 Baths 2,074 sqft Built 1980

INVESTimate

$290,000

List Price

$2,060

$1,854 - $2,266

Rent Est.

$82,600

Investment Est.

$300,991 ( +3.79%) 1 YR EST. FORECAST

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AVAILABLE

1 YEAR
Gross Yield	8.52%
NOI	$9,694

15 YEAR
Yield	3.15%
Appreciation	2.93%
TOTAL RETURN	14.33%

PROPERTY INFO

FACTS

Built In 1980
Price/Sqft : $139.83
31 Days on Market
MLS # : 87825102
Updated Date : 08/24/2020 at 16:07

CONSTRUCTION

Beds : 3
Floor Size : 2,074 sqft
Baths : 2 full

Listing Agent

Exp Realty, Llc

Listing Agent's Description

Beautiful home in Briar Hills with easy access to I-10. Features include wood and carpet flooring, crown molding throughout, gas fireplace, tons of storage. Master walk in closets, oversized garden tub and access to patio. Well kept home. Good time to buy. Come see today.

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14223 Sandfield Dr

Houston, Texas

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MARKET HIGHLIGHTS

Houston Market Report

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)

Neighborhood: Briarhills

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

Neighborhood: Briarhills

* 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

GreatSchools Rating

West Briar Middle School

Education Level: Middle
# of students: 1,051
# of teachers: 62

GreatSchools Rating

Westside High School

Education Level: High
# of students: 2,748
# of teachers: 146

GreatSchools Rating

FINANCIALS

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$261,000$319,00000$290,000

PURCHASE PRICE

$1,854$2,26600$2,060

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

Learn how to read this

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$2,060
EXPENSES	Loan Payment	-$1,070
	Property Tax	-$623
	Property Insurance	-$167
	HOA	-$69
	Property Management Fees	-$99



CASH FLOW $31

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.

$290,000

PROJECTED PRICE

$2,060

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	2.87%
Appreciation Year (1-5)	3.79%
Maintenance Year (1-5)	8.00%
Vacancy	9.28%
Length of Stay Years	2

TOTAL CASH OUT OF POCKET

INVESTMENT

$82,600

Down Payment	$72,500
Rehab Estimate	$5,750
Closing Costs	$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,070

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$72,500
Loan Amount	$217,500

See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$6,973

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$2,060
LIST RENT
$0.99
LIST RENT PER SQFT

$2,069
COMP ESTIMATED VALUE
$1
COMP AVG. RENT PER SQFT

Comps Range

$1,850

1$1,8502$1,9003$2,0604$2,1005$2,500

$2,500

RENT COMPS ANALYSIS

2,074
PROPERTY SQFT
$1
AVG RENT PER SQFT
$2,069
ESTIMATED VALUE
$2,060
LIST RENT

14223 Sandfield Dr Drive Houston, TX 5

3 beds 2 baths ∙ 2,074 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,074 Sqft ∙ Built 1980
Price

Price Per SQFT

$290,000

$139.83
14227 Withersdale Drive Houston, TX 1

3 beds 3 baths ∙ 2,120 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,120 Sqft ∙ Built 1984
SOLD 05/21/20
Price

Price Per SQFT

$240,000

$113.21
1123 Coachlight Drive Houston, TX 2

3 beds 2 baths ∙ 1,958 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,958 Sqft ∙ Built 1977
SOLD 04/22/20
Price

Price Per SQFT

$252,250

$128.83
14127 Woodnook Houston, TX 3

3 beds 2 baths ∙ 2,200 Sqft ∙ Built 1981 3 beds 2 baths ∙ 2,200 Sqft ∙ Built 1981
SOLD 07/17/20
Price

Price Per SQFT

$270,000

$122.73
1310 Forest Home Drive Houston, TX 4

4 beds 3 baths ∙ 2,316 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,316 Sqft ∙ Built 1982
SOLD 07/24/20
Price

Price Per SQFT

$284,500

$122.84

14223 Sandfield Dr Drive Houston, TX 3

3 beds 2 baths ∙ 2,074 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,074 Sqft ∙ Built 1980
Rent

Rent Per SQFT

$2,060

$0.99
14126 Woodnook Drive Houston, TX 1

3 beds 2 baths ∙ 1,878 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,878 Sqft ∙ Built 1979
LEASED 08/27/19
Rent

Rent Per SQFT

$1,850

$0.99
1406 Forest Home Drive Houston, TX 2

3 beds 2 baths ∙ 2,078 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,078 Sqft ∙ Built 1979
LEASED 03/18/20
Rent

Rent Per SQFT

$1,900

$0.91
14127 Woodnook Houston, TX 4

3 beds 2 baths ∙ 2,200 Sqft ∙ Built 1981 3 beds 2 baths ∙ 2,200 Sqft ∙ Built 1981
LEASED 05/12/20
Rent

Rent Per SQFT

$2,100

$0.95
14227 Townshire Drive Houston, TX 5

3 beds 3 baths ∙ 2,198 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,198 Sqft ∙ Built 1990
LEASED 09/01/19
Rent

Rent Per SQFT

$2,500

$1.14

PROPERTY LISTING DETAILS

Kathy Kowaleski
1.832.439.3040
Exp Realty, Llc

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 87825102
Last Updated: 08/24/2020

14223 Sandfield Dr Drive Houston, TX 77077

INVESTimate

$290,000

$2,060

$82,600

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Barbara Bush Elementary School

West Briar Middle School

Westside High School

FINANCIALS

$261,000$319,00000$290,000

$1,854$2,26600$2,060

Acquisition Concierge

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$290,000

$2,060

0.71%

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$1,070

2.58

$6,973

$290,000

$139.83

$252,826

$121.9

COMPS RANGE

PRICE COMPS ANALYSIS

$2,060

$0.99

$2,069

$1

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS