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14534 Red Tailed Hawk Lane Houston, TX 77044

4 Beds 3 Baths 2,753 sqft Built 2004

$264,999

List Price

$2,130

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $96.26
  • 2 Days on Market
  • MLS # : 80041277
  • Updated Date : 12/26/2020 at 12:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,753 sqft
  • Baths : 2 full , 1 half
Listing Agent

Darwin Homes Texas, Llc

Listing Agent's Description

Beautiful home in Pristine condition,on a quiet cul-d-sac with an extra large backyard. Sprinkler system front and back. Wood floors in Den/Formal, Dining,Entry Way, Tile in kitchen/master bath. Newer carpet. Spacious bedrooms with large game room on the 2nd floor. Stainless steel appliances in the kitchen area. Double sink in the master bath with separate tub & shower. Convenient location with short drives to shopping, grocery, restaurants and schools.This home has been well cared for and is move in ready for a new homeowner.

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: Lake Forest Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $99k305k

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

Neighborhood: Lake Forest Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9692071

* 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
Lakeshore Elementary School Primary Regular 954 60 6
Woodcreek Middle School Middle Regular 1,313 75 7
Summer Creek High School High Regular 2,427 148 5

Lakeshore Elementary School

  • Education Level: Primary
  • # of students: 954
  • # of teachers: 60
6
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
 

$238,499$291,499$264,999

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$978
Property Tax -$692
Property Insurance -$213
HOA -$70
Property Management Fees -$99
CASH FLOW
$78

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.

$264,999

PROJECTED PRICE

$2,130

PROJECTED RENT

0.80%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.1%
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$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,749
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$6,835

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,130

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,285

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,130
1$2,1302$2,2003$2,2004$2,2005$2,375
$2,375
RENT COMPS ANALYSIS
  • 14534 Red Tailed Hawk Lane Houston, TX 1
    • 4 beds 3 baths ∙ 2,753 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,753 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,130
    • $0.77
    •  
  • 15030 Summer Knoll Lane Houston, TX 2
    • 4 beds 4 baths ∙ 2,751 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,751 Sqft ∙ Built 2006
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.80
    •  
  • 13827 Turning Spring Lane Houston, TX 3
    • 4 beds 3 baths ∙ 2,559 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,559 Sqft ∙ Built 2008
    LEASED 01/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.86
    •  
  • 13407 Popes Creek Lane Houston, TX 4
    • 4 beds 2 baths ∙ 2,723 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,723 Sqft ∙ Built 2005
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.81
    •  
  • 15002 Glenwater Court Houston, TX 5
    • 4 beds 3 baths ∙ 2,809 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,809 Sqft ∙ Built 2005
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $0.85
    •  
PROPERTY LISTING DETAILS
Joshua Arkless
1.832.924.7609
Darwin Homes Texas, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 80041277
Last Updated: 12/26/2020
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