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

14307 Beech Meadow Drive Houston, TX 77083

3 Beds 3 Baths 1,956 sqft Built 2003

$199,300

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $101.89
  • 5 Days on Market
  • MLS # : 98870755
  • Updated Date : 02/06/2021 at 09:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,956 sqft
  • Baths : 2 full , 1 half
Listing Agent

Mark Dimas Team

Listing Agent's Description

*OFFER ACCEPTED* Charming 3 bedroom, 2.5 bathroom, 2-story home featuring a 2-car attached garage and a shaded front porch! The 1st floor offers wood flooring throughout, the spacious living room, adjacent dining area, a half bath, and the tiled kitchen that has a breakfast bar. Upstairs, you'll find the utility room, a modest game room, and all of the bedrooms including the large primary bedroom suite that boasts two closets including a walk-in option. There's an open patio with manageable green space, and this home is located with nearby access to Hwy 6, Westpark Tollway, Beltway 8, the Grand Parkway, and Sugar Land!

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

Zip Code: 77083

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $74k222k

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

Zip Code: 77083

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600Rent in $9101677

* 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
Hicks Elementary School Primary Regular 890 66 3
Albright Middle School Middle Regular 1,267 87 6
Hastings High School High Regular 3,890 260 4

Hicks Elementary School

  • Education Level: Primary
  • # of students: 890
  • # of teachers: 66
3
GreatSchools Rating

Albright Middle School

  • Education Level: Middle
  • # of students: 1,267
  • # of teachers: 87
6
GreatSchools Rating

Hastings High School

  • Education Level: High
  • # of students: 3,890
  • # of teachers: 260
4
GreatSchools Rating
 

$179,370$219,230$199,300

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$692
Property Tax -$475
Property Insurance -$159
HOA -$38
Property Management Fees -$99
CASH FLOW
$96

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$199,300

PROJECTED PRICE

$1,560

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.99%
Appreciation Year (1-5) 8.1%
Maintenance Year (1-5) 8.00%
Vacancy 8.01%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,565

INVESTMENT

$58,565

Down Payment
$49,825
Rehab Estimate
$5,750
Closing Costs
$2,990

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$692

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $49,825
Loan Amount $149,475
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$8,834

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,672

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5603$1,5904$1,6505$1,700
$1,700
RENT COMPS ANALYSIS
  • 14307 Beech Meadow Drive Houston, TX 2
    • 3 beds 3 baths ∙ 1,956 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,956 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.80
    •  
  • 8211 Malin Ct Court Houston, TX 1
    • 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 2003
    LEASED 01/31/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.83
    •  
  • 8702 Diamond Lake Ct Court Houston, TX 3
    • 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 1998
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.89
    •  
  • 7515 Golden Star Houston, TX 4
    • 3 beds 3 baths ∙ 1,970 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,970 Sqft ∙ Built 2015
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.84
    •  
  • 7503 Golden Star Drive Houston, TX 5
    • 3 beds 3 baths ∙ 1,971 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,971 Sqft ∙ Built 2014
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.86
    •  
PROPERTY LISTING DETAILS
Mark Dimas
1.346.352.1999
Mark Dimas Team
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 98870755
Last Updated: 02/06/2021
BESbswy