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14723 Saint Cloud Drive Houston, TX 77062

3 Beds 3 Baths 1,988 sqft Built 1986

$265,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

February 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $133.30
  • 6 Days on Market
  • MLS # : 84535493
  • Updated Date : 02/03/2021 at 18:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,988 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jla Realty

Listing Agent's Description

Welcome to this beautiful, meticulously clean and well maintained 2 story, 3 bedroom, 2.5 baths house located in the heart of Clear Lake. Zoned to great schools, close to parks, stores, recreation, easy access to Beltway 8 and I-45. This home features spacious living room w/fireplace, private study that can be also used as a dining room, game room upstairs, covered back patio, fresh paint, updated bathrooms, upgraded laminate throughout the first floor, lots of storage and much more. Refrigerator, washer and dryer stay. List of All Improvements and Additional Information about this house are attached to the listing. Please check the 3D tour and video of this home. Showings will start on Thursday, February 4th.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Bay Glen

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $99k305k

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

Neighborhood: Bay Glen

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
Ward Elementary School Primary Regular 583 36 7
Clear Lake Intermediate School Middle Regular 1,001 64 6
Clear Brook High School High Regular 2,335 153 7

Ward Elementary School

  • Education Level: Primary
  • # of students: 583
  • # of teachers: 36
7
GreatSchools Rating

Clear Lake Intermediate School

  • Education Level: Middle
  • # of students: 1,001
  • # of teachers: 64
6
GreatSchools Rating

Clear Brook High School

  • Education Level: High
  • # of students: 2,335
  • # of teachers: 153
7
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$920
Property Tax -$639
Property Insurance -$162
HOA -$31
Property Management Fees -$99
CASH FLOW
$99

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.

$265,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 7.5%
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-$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$800k

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 55% down payment or higher enables the proceeds from the asset to cover all costs.

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$7,976

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,958

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8753$1,9504$1,9505$2,000
$2,000
RENT COMPS ANALYSIS
  • 14723 Saint Cloud Drive Houston, TX 4
    • 3 beds 3 baths ∙ 1,988 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,988 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.98
    •  
  • 1110 Mabry Mill Road Houston, TX 1
    • 3 beds 2 baths ∙ 1,938 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,938 Sqft ∙ Built 1986
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.95
    •  
  • 1619 Dogwood Brook Trail Houston, TX 2
    • 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1989
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.94
    •  
  • 14819 Cobre Valley Drive Houston, TX 3
    • 3 beds 3 baths ∙ 1,886 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,886 Sqft ∙ Built 1986
    LEASED 01/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.03
    •  
  • 1111 Valley Acres Road Houston, TX 5
    • 3 beds 2 baths ∙ 1,966 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,966 Sqft ∙ Built 1987
    LEASED 01/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.02
    •  
PROPERTY LISTING DETAILS
Lana Ryaboy
1.832.221.1716
Jla Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 84535493
Last Updated: 02/03/2021
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