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14335 Whitecross Drive 
Houston, TX
77083
3 Beds 2 Baths 1,689 sqft
Built 1983
INVESTimate
$199,900
List Price
$58,724
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 1983
- Price/Sqft : $118.35
- 3 Days on Market
- MLS # : 39470271
- Updated Date : 08/25/2020 at 19:28
CONSTRUCTION
- Beds : 3
- Floor Size : 1,689 sqft
- Baths : 2 full
Listing Agent
Prime Properties
Listing Agent's Description
This home is ready. Here are some of the things done during the past couple of years: Granite in Kitchen and both bathrooms; Rheem Gas water heater 2017; Attic insulation 7/2018; A/C replaced 7/2018. Recently Garage Door Opener; new Gas stove/range / dishwasher/ carpet in bedrooms and closets/ HVAC duct work/ interior paint and replaced 3 exterior doors. Very family friendly neighborhood. Gated courtyard entry. Lovely home and ready for you now!
SEE MORE
- 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: Dover
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Dover
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,460 |
| EXPENSES | Loan Payment | -$738 |
| Property Tax | -$395 | |
| Property Insurance | -$125 | |
| HOA | -$29 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$74
|
||
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.
$199,900
PROJECTED PRICE
$1,460
PROJECTED RENT
0.73%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 9.64% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.28% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$58,724
LOAN DETAILS
$738
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $49,975 |
| Loan Amount | $149,925 |
4.17
YEARS SAVED
$8,840
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,460
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$1,499
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
14335 Whitecross Drive Houston, TX 2
- 3 beds 2 baths ∙ 1,689 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,689 Sqft ∙ Built 1983
- Rent
- Rent Per SQFT
- $1,460
- $0.86
-
14235 Panhandle Drive Sugar Land, TX 1
- 3 beds 3 baths ∙ 1,511 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,511 Sqft ∙ Built 1982
LEASED 09/23/19- Rent
- Rent Per SQFT
- $1,400
- $0.93
-
9327 Beringwood Drive Houston, TX 3
- 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 1983
LEASED 02/15/20- Rent
- Rent Per SQFT
- $1,525
- $0.87
-
14227 Fitzroy Court Houston, TX 4
- 3 beds 2 baths ∙ 1,886 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,886 Sqft ∙ Built 1982
LEASED 11/06/19- Rent
- Rent Per SQFT
- $1,525
- $0.81
-
9510 Chalford Drive Houston, TX 5
- 3 beds 2 baths ∙ 1,689 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,689 Sqft ∙ Built 1983
LEASED 06/27/20- Rent
- Rent Per SQFT
- $1,595
- $0.94
PROPERTY LISTING DETAILS
1.832.978.5936
Prime Properties
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 39470271
Last Updated: 08/25/2020
