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14355 Fosters Run Lane Humble, TX 77396

4 Beds 3 Baths 2,614 sqft Built 2013

$279,999

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $107.12
  • 2 Days on Market
  • MLS # : 2337034
  • Updated Date : 01/09/2021 at 20:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,614 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bhgre Gary Greene

Listing Agent's Description

Gorgeous 2 story home in desirable Fall Creek with stunning landscaping, architectural interest, and "Dylan" floorplan. Enjoy the front covered entry with “conversation” porch offering comfortable outdoor seating. Front door features sidelight window and upon entry, a flex room allows for quick access to customizable space. Arched room entries, high ceilings, curved staircase with catwalk, combination chandelier & recessed lighting, multi-level windows with great natural lighting, ceramic tile flooring, and decorative moulding combine to create a chic modern and cozy home space. Primary suite includes bay window seating area & bathroom with: dual sinks, custom mirror, separate spa tub & shower, and walk-in closet with double mirrored doors. Backyard features green space along and covered patio. Community features: clubhouse, conference room, Golf Club of Houston, pool & water park, parks, trails, sports complex, and tennis courts. Easy access to: 59/69, Beltway 8, and Hardy Toll Rd

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Houston metro contributes to 29.5% of Texas state economy i.e. Gross State Product (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
 

$251,999$307,999$279,999

PURCHASE PRICE

$2,097$2,563$2,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,330
EXPENSES Loan Payment -$973
Property Tax -$771
Property Insurance -$204
HOA -$91
Property Management Fees -$99
CASH FLOW
$193

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.

$279,999

PROJECTED PRICE

$2,330

PROJECTED RENT

0.83%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.99%
Appreciation Year (1-5) 5.1%
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$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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$973

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,000
Loan Amount $209,999
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$14,821

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,330

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,124

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,0953$2,2504$2,3005$2,330
$2,330
RENT COMPS ANALYSIS
  • 14355 Fosters Run Lane Humble, TX 5
    • 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $2,330
    • $0.89
    •  
  • 14611 Fall Creek Bend Court Humble, TX 1
    • 4 beds 2 baths ∙ 2,418 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,418 Sqft ∙ Built 2002
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $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 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.75
    •  
  • 7603 Finn Way Drive Humble, TX 3
    • 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
    •  
  • 7318 Bearden Falls Lane Humble, TX 4
    • 4 beds 3 baths ∙ 2,671 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,671 Sqft ∙ Built 2007
    LEASED 09/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.86
    •  
PROPERTY LISTING DETAILS
Rebecca Ramirez
1.713.298.8297
Bhgre Gary Greene
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 2337034
Last Updated: 01/09/2021
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