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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 77396
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$79,950
LOAN DETAILS
$973
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $70,000 |
| Loan Amount | $209,999 |
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
-
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
1.713.298.8297
Bhgre Gary Greene
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 2337034
Last Updated: 01/09/2021
