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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $100.33
- 8 Days on Market
- MLS # : 60100542
- Updated Date : 01/28/2021 at 10:25
CONSTRUCTION
- Beds : 4
- Floor Size : 2,143 sqft
- Baths : 2 full , 1 half
Listing Agent
Realm Real Estate Professional
Listing Agent's Description
Beautiful And Spacious Two Story Home with 3 bedroom plus a Extra Bonus room that could be used as a 4th bedroom and 2 and half baths. Vaulted Ceilings And Gas Fireplace. Home Is Light & Bright, Freshly Painted Interior. Separate shower and tub in Master Bathroom. Formal Dining area, with STUDY/OFFICE downstairs. Huge walk in closet in Master bedroom. Front Yard has added flowers to add a New Spruced Up Fresh Look. Attached Garage, with washer and dryer hookups inside the house. Washer, Dryer, and Refrigerator stays with the home. Conveniently Located W/Easy Access To WP Toll, 15 min to hwy 59 and 1-10, Hwy6 & Shopping, Low Taxes, Never Flooded. Super Easy To Show. This home wont last long at this price! COME SEE TODAY YOU DON'T WANT TO MISS OUT ON THIS BEAUTY!
SEE MORE
- 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: Mission Bend Mission Leona
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mission Bend Mission Leona
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,640 |
| EXPENSES | Loan Payment | -$747 |
| Property Tax | -$425 | |
| Property Insurance | -$172 | |
| HOA | -$42 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$155
|
||
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.
$215,000
PROJECTED PRICE
$1,640
PROJECTED RENT
0.76%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.94% |
| Appreciation Year (1-5) | 5.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.80% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$62,725
LOAN DETAILS
$747
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $53,750 |
| Loan Amount | $161,250 |
5.5
YEARS SAVED
$13,079
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 -
$0.77
LIST RENT PER SQFT
-
$1,677
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
14734 La Rana Drive Houston, TX 3
- 3 beds 3 baths ∙ 2,143 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,143 Sqft ∙ Built 1984
![property image]()
- Rent
- Rent Per SQFT
- $1,640
- $0.77
-
7123 Rio Blanco Drive Houston, TX 1
- 3 beds 2 baths ∙ 2,103 Sqft ∙ Built 1978 3 beds 2 baths ∙ 2,103 Sqft ∙ Built 1978
![property image]()
LEASED 07/02/20- Rent
- Rent Per SQFT
- $1,500
- $0.71
-
7043 Winkleman Road Houston, TX 2
- 3 beds 2 baths ∙ 2,027 Sqft ∙ Built 1977 3 beds 2 baths ∙ 2,027 Sqft ∙ Built 1977
![property image]()
LEASED 03/21/20- Rent
- Rent Per SQFT
- $1,600
- $0.79
-
7223 Mission Court Drive Houston, TX 4
- 3 beds 2 baths ∙ 2,018 Sqft ∙ Built 1984 3 beds 2 baths ∙ 2,018 Sqft ∙ Built 1984
![property image]()
LEASED 01/31/20- Rent
- Rent Per SQFT
- $1,650
- $0.82
-
14443 Summer Garden Drive Houston, TX 5
- 4 beds 3 baths ∙ 2,110 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,110 Sqft ∙ Built 2003
![property image]()
LEASED 12/05/20- Rent
- Rent Per SQFT
- $1,700
- $0.81
PROPERTY LISTING DETAILS
1.616.633.7654
Realm Real Estate Professional
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 60100542
Last Updated: 01/28/2021
