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14614 Ashton Grove Court Humble, TX 77396

3 Beds 3 Baths 2,424 sqft Built 2013

$257,900

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $106.39
  • 45 Days on Market
  • MLS # : 77897992
  • Updated Date : 01/08/2021 at 14:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,424 sqft
  • Baths : 2 full , 1 half
Listing Agent

Offerpad Brokerage, Llc

Listing Agent's Description

VACANT! Welcome HOME to this 3 bedroom, 2.5 bath, two-story home on a cul-de-sac lot!! Nice front covered porch to welcome you to the inside of the home. Formal dining room half bath living room kitchen downstairs . Hardwood floors in the living room with tile the rest of the downstairs. Laundry room off the kitchen with lots of storage. Upstairs you will find a large media bonus room. Primary suite with walk-in closet bath tub and separate shower. Garage with built-in storage and covered back patio adds additional outdoor living space. Come see!

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

Neighborhood: Fall Creek

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $113k447k

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

Neighborhood: Fall Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10722723

* 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
 

$232,110$283,690$257,900

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$896
Property Tax -$616
Property Insurance -$191
HOA -$91
Property Management Fees -$99
CASH FLOW
$47

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.

$257,900

PROJECTED PRICE

$1,940

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 2.3%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,094

INVESTMENT

$74,094

Down Payment
$64,475
Rehab Estimate
$5,750
Closing Costs
$3,869

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$896

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,475
Loan Amount $193,425
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$4,454

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,982

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8503$1,9404$2,0005$2,195
$2,195
RENT COMPS ANALYSIS
  • 14614 Ashton Grove Court Humble, TX 3
    • 3 beds 3 baths ∙ 2,424 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,424 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.80
    •  
  • 10447 Harbor Canyon Drive Humble, TX 1
    • 4 beds 3 baths ∙ 2,355 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,355 Sqft ∙ Built 2011
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.79
    •  
  • 14618 Julie Meadows Lane Humble, TX 2
    • 3 beds 3 baths ∙ 2,276 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,276 Sqft ∙ Built 2013
    property image
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.81
    •  
  • 14902 Meridian Park Lane Humble, TX 4
    • 4 beds 2 baths ∙ 2,585 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,585 Sqft ∙ Built 2006
    property image
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.77
    •  
  • 14634 Diane Manor Lane Humble, TX 5
    • 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 2009
    property image
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.90
    •  
PROPERTY LISTING DETAILS
Robert Jones
1.281.957.8192
Offerpad Brokerage, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 77897992
Last Updated: 01/08/2021
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