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14706 Ashland Pines Lane Humble, TX 77396

4 Beds 3 Baths 2,940 sqft Built 2003

$312,000

List Price

$2,530

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $106.12
  • 4 Days on Market
  • MLS # : 38316456
  • Updated Date : 11/05/2020 at 13:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,940 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Lovely one-story home located on a corner lot on a tree-lined street. Light & bright with ample windows throughout. 2019 roof, large covered patio & 3-car tandem garage! This gorgeous home features a timeless brick elevation, a dramatic entry with high ceilings, neutral paint, crown molding & 2” blinds. The entry is so inviting & highlights the study with French doors, bay window & crown molding & the formal dining with crown molding, chair rail, tray ceiling & chandelier. The large island kitchen is fit for multiple cooks & has a new 2020 Whirlpool 5-burner gas cooktop & microwave. Other features include a new faucet, 42” cabinets, a built-in desk, breakfast bar, loads of counter & cabinet space and SS sink & appliances. Retreat to the primary suite with wood floors and a large bath with huge closet. 3 add'l bedrooms & 2 full baths, a large utility room & a built-in computer study space complete this beautiful home. Lots of back & side yard green space for games & gardening.

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: 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
 

$280,800$343,200$312,000

PURCHASE PRICE

$2,277$2,783$2,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,530
EXPENSES Loan Payment -$1,151
Property Tax -$859
Property Insurance -$226
HOA -$91
Property Management Fees -$99
CASH FLOW
$104

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.

$312,000

PROJECTED PRICE

$2,530

PROJECTED RENT

0.81%

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$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$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$88,430

INVESTMENT

$88,430

Down Payment
$78,000
Rehab Estimate
$5,750
Closing Costs
$4,680

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,151

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,000
Loan Amount $234,000
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$8,323

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,530

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,506

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,4003$2,5004$2,5305$2,650
$2,650
RENT COMPS ANALYSIS
  • 14706 Ashland Pines Lane Humble, TX 4
    • 4 beds 3 baths ∙ 2,940 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,940 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,530
    • $0.86
    •  
  • 7707 Tyler Creek Lane Humble, TX 1
    • 4 beds 3 baths ∙ 2,633 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,633 Sqft ∙ Built 2004
    property image
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.89
    •  
  • 14614 Golden Bough Lane Humble, TX 2
    • 3 beds 3 baths ∙ 3,048 Sqft ∙ Built 2002 3 beds 3 baths ∙ 3,048 Sqft ∙ Built 2002
    property image
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.79
    •  
  • 9242 Indian Lodge Lane Humble, TX 3
    • 3 beds 3 baths ∙ 2,820 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,820 Sqft ∙ Built 2004
    property image
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.89
    •  
  • 14531 Breyana Park Lane Humble, TX 5
    • 4 beds 4 baths ∙ 3,164 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,164 Sqft ∙ Built 2016
    property image
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.84
    •  
PROPERTY LISTING DETAILS
Drue Dasilva
1.713.398.3715
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 38316456
Last Updated: 11/05/2020
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