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14418 Merganser Drive Houston, TX 77047

3 Beds 3 Baths 1,895 sqft Built 2010

$207,900

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2010
  • Price/Sqft : $109.71
  • 3 Days on Market
  • MLS # : 11165846
  • Updated Date : 11/06/2020 at 18:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,895 sqft
  • Baths : 2 full , 1 half
Listing Agent

Mark Dimas Team

Listing Agent's Description

Beautiful 3 bedroom, 2.5 bathroom, two story home in Brunswick Lakes! This home features a spacious living room with high ceilings and wood like flooring. This home features a master bedroom with ample closet space and an attached full bathroom with a stand-up shower and garden tub. Upstairs includes 2 additional bedrooms, a full bathroom and a game room. The kitchen features stainless steel appliances. The kitchen also leads into a breakfast area. The breakfast area leads out to a spacious backyard. This home features a 2-car garage and is located near Beltway 8 and HWY 288.

SEE MORE

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

Neighborhood: Pearland

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $99k305k

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

Neighborhood: Pearland

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9692063

* 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
Law Elementary School Primary Magnet 748 39 3
Thomas Middle School Middle Regular 476 32 3
Worthing High School High Magnet 681 38 2

Law Elementary School

  • Education Level: Primary
  • # of students: 748
  • # of teachers: 39
3
GreatSchools Rating

Thomas Middle School

  • Education Level: Middle
  • # of students: 476
  • # of teachers: 32
3
GreatSchools Rating

Worthing High School

  • Education Level: High
  • # of students: 681
  • # of teachers: 38
2
GreatSchools Rating
 

$187,110$228,690$207,900

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$767
Property Tax -$515
Property Insurance -$155
HOA -$30
Property Management Fees -$99
CASH FLOW
$63

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.

$207,900

PROJECTED PRICE

$1,630

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 7.6%
Maintenance Year (1-5) 8.00%
Vacancy 9.28%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$60,844

INVESTMENT

$60,844

Down Payment
$51,975
Rehab Estimate
$5,750
Closing Costs
$3,119

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $51,975
Loan Amount $155,925
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$6,332

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,724

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,545
1$1,5452$1,6303$1,6504$1,6605$1,800
$1,800
RENT COMPS ANALYSIS
  • 14418 Merganser Drive Houston, TX 2
    • 3 beds 3 baths ∙ 1,895 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,895 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.86
    •  
  • 3407 Halle Trace Lane Houston, TX 1
    • 4 beds 3 baths ∙ 1,830 Sqft ∙ Built 2013 4 beds 3 baths ∙ 1,830 Sqft ∙ Built 2013
    LEASED 02/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.84
    •  
  • 14406 Cypress Meadows Drive Houston, TX 3
    • 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 2008
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.93
    •  
  • 3219 Chimney Rose Court Houston, TX 4
    • 3 beds 2 baths ∙ 1,724 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,724 Sqft ∙ Built 2005
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.96
    •  
  • 3727 Flannery Ridge Lane Houston, TX 5
    • 4 beds 2 baths ∙ 1,976 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,976 Sqft ∙ Built 2004
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.91
    •  
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 #: 11165846
Last Updated: 11/06/2020
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