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14354 Fosters Run Lane Humble, TX 77396

4 Beds 3 Baths 2,666 sqft Built 2013

INVESTimate

$270,000

List Price

$2,210

$1,989 - $2,431

Rent Est.

$283,662  ( +5.06%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2013
  • Price/Sqft : $101.28
  • 6 Days on Market
  • MLS # : 72816813
  • Updated Date : 08/22/2020 at 08:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,666 sqft
  • Baths : 3 full
Listing Agent

Register Real Estate Advisors

Listing Agent's Description

Beautiful 2 story home, 4 bedrooms, Master on first, 3 bedrooms and large game room on second floor, 3 baths. Open kitchen, Gas-log fireplace in living room, this house is plenty of natural light. Nice backyard. Enjoy the outdoors of this beautiful neighborhood, parks and trails, pools. water park.

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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

Zip Code: 77396

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $74k255k

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

Zip Code: 77396

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9101714

* 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
Fall Creek Elementary School Primary Regular 864 46 7
Woodcreek Middle School Middle Regular 1,313 75 7
Summer Creek High School High Regular 2,427 148 5

Fall Creek Elementary School

  • Education Level: Primary
  • # of students: 864
  • # of teachers: 46
7
GreatSchools Rating

Woodcreek Middle School

  • Education Level: Middle
  • # of students: 1,313
  • # of teachers: 75
7
GreatSchools Rating

Summer Creek High School

  • Education Level: High
  • # of students: 2,427
  • # of teachers: 148
5
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$996
Property Tax -$743
Property Insurance -$207
Property Management Fees -$99
CASH FLOW
$164

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.

$270,000

PROJECTED PRICE

$2,210

PROJECTED RENT

0.82%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.99%
Appreciation Year (1-5) 5.06%
Maintenance Year (1-5) 8.00%
Vacancy 8.01%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$16,815

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,210

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,186

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1503$2,2104$2,2505$2,450
$2,450
RENT COMPS ANALYSIS
  • 14354 Fosters Run Lane Humble, TX 3
    • 4 beds 3 baths ∙ 2,666 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,666 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $0.83
    •  
  • 14307 Andrews Ridge Lane Humble, TX 1
    • 4 beds 4 baths ∙ 2,663 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,663 Sqft ∙ Built 2007
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.79
    •  
  • 14322 Brushy Arbor Lane Humble, TX 2
    • 3 beds 2 baths ∙ 2,776 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,776 Sqft ∙ Built 2007
    LEASED 09/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.77
    •  
  • 7603 Finn Way Drive Humble, TX 4
    • 4 beds 3 baths ∙ 2,641 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,641 Sqft ∙ Built 2012
    LEASED 01/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.85
    •  
  • 14318 Monarch Springs Lane Humble, TX 5
    • 4 beds 4 baths ∙ 2,801 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,801 Sqft ∙ Built 2013
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.87
    •  
PROPERTY LISTING DETAILS
Ligia Pimienta
1.713.806.8034
Register Real Estate Advisors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 72816813
Last Updated: 08/22/2020
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