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14714 Windlea Lane Houston, TX 77040

3 Beds 2 Baths 2,048 sqft Built 1980

$210,000

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $102.54
  • 2 Days on Market
  • MLS # : 84415154
  • Updated Date : 02/13/2021 at 19:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,048 sqft
  • Baths : 2 full
Listing Agent

Century 21 Parisher Prop.

Listing Agent's Description

Enjoy hosting in your open concept floor plan, spacious family room with bar area, high ceilings or cooking in your updated kitchen with quartz countertop, black splash,new cabinets, double oven with SS appliances. Other upgrades done November 2020 include new roof, fresh paint, tile, light fixtures, HVAC, siding, water heater, fence and so much more. Don't forget location minutes from Beltway 8 and 290 that will provide easy access to other major freeways, dozens of delicious restaurants and shops. In Cy-Fair ISD! NEVER FLOODED PER SELLER.

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: Windfern Forest

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200k210k220kPrice in $89k229k

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

Neighborhood: Windfern Forest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600Rent in $9081677

* 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
Post Elementary School Primary Regular 1,128 57 6
Cook Middle School Middle Regular 1,581 93 7
Jersey Village High School High Regular 3,461 204 6

Post Elementary School

  • Education Level: Primary
  • # of students: 1,128
  • # of teachers: 57
6
GreatSchools Rating

Cook Middle School

  • Education Level: Middle
  • # of students: 1,581
  • # of teachers: 93
7
GreatSchools Rating

Jersey Village High School

  • Education Level: High
  • # of students: 3,461
  • # of teachers: 204
6
GreatSchools Rating
 

$189,000$231,000$210,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$729
Property Tax -$475
Property Insurance -$166
HOA -$30
Property Management Fees -$99
CASH FLOW
$141

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.

$210,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 4.3%
Maintenance Year (1-5) 8.00%
Vacancy 8.80%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,400

INVESTMENT

$61,400

Down Payment
$52,500
Rehab Estimate
$5,750
Closing Costs
$3,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$729

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,500
Loan Amount $157,500
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$11,202

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,628

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,5703$1,5954$1,6405$1,650
$1,650
RENT COMPS ANALYSIS
  • 14714 Windlea Lane Houston, TX 4
    • 3 beds 2 baths ∙ 2,048 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,048 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.80
    •  
  • 14811 Wind Cave Lane Houston, TX 1
    • 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1980
    property image
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.73
    •  
  • 14815 Oak Pines Drive Houston, TX 2
    • 3 beds 3 baths ∙ 1,860 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,860 Sqft ∙ Built 1982
    property image
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.84
    •  
  • 14907 Windlea Lane Houston, TX 3
    • 3 beds 2 baths ∙ 2,120 Sqft ∙ Built 1982 3 beds 2 baths ∙ 2,120 Sqft ∙ Built 1982
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.75
    •  
  • 8426 Windell Lane Houston, TX 5
    • 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1980
    property image
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.86
    •  
PROPERTY LISTING DETAILS
Martha Zuvieta
1.281.733.4581
Century 21 Parisher Prop.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 84415154
Last Updated: 02/13/2021
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