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148 N Hall Drive Sugar Land, TX 77478

4 Beds 3 Baths 2,549 sqft Built 1984

$333,000

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $130.64
  • 92 Days on Market
  • MLS # : 56042357
  • Updated Date : 11/13/2020 at 16:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,549 sqft
  • Baths : 2 full , 1 half
Listing Agent

Uno Realty Llc

Listing Agent's Description

Excellent Sugar Land Location in the idyllic community of Hall Lake. The house offers a primary bedroom downstairs, and 3 spacious bedrooms upstairs with walk in closets. A large den downstairs can potentially be a 5th bedroom. Other amenities include French doors, built in bookshelves throughout, tile floors, a finished Garage with A/C, and a resort style Pool/Spa outside. Must see to appreciate.

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: Hall Lake

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $113k469k

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

Neighborhood: Hall Lake

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10722795

* 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
Highlands Elementary School Primary Regular 550 40 8
Dulles Middle School Middle Regular 1,294 65 8
Dulles High School High Regular 2,189 117 8

Highlands Elementary School

  • Education Level: Primary
  • # of students: 550
  • # of teachers: 40
8
GreatSchools Rating

Dulles Middle School

  • Education Level: Middle
  • # of students: 1,294
  • # of teachers: 65
8
GreatSchools Rating

Dulles High School

  • Education Level: High
  • # of students: 2,189
  • # of teachers: 117
8
GreatSchools Rating
 

$299,700$366,300$333,000

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,157
Property Tax -$632
Property Insurance -$174
HOA -$75
Property Management Fees -$99
CASH FLOW
$33

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.

$333,000

PROJECTED PRICE

$2,170

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.7%
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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,995

INVESTMENT

$93,995

Down Payment
$83,250
Rehab Estimate
$5,750
Closing Costs
$4,995

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,157

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,250
Loan Amount $249,750
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$6,973

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,170

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,269

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1703$2,2754$2,3005$2,400
$2,400
RENT COMPS ANALYSIS
  • 148 N Hall Drive Sugar Land, TX 2
    • 4 beds 3 baths ∙ 2,549 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,549 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $0.85
    •  
  • 8206 Falling Water Court Sugar Land, TX 1
    • 4 beds 3 baths ∙ 2,326 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,326 Sqft ∙ Built 1998
    property image
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.90
    •  
  • 8214 Scenic Shore Court Sugar Land, TX 3
    • 3 beds 2 baths ∙ 2,448 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,448 Sqft ∙ Built 1998
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $0.93
    •  
  • 530 Kingfisher Drive Sugar Land, TX 4
    • 3 beds 3 baths ∙ 2,815 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,815 Sqft ∙ Built 1989
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.82
    •  
  • 1015 Mockingbird Way Sugar Land, TX 5
    • 4 beds 4 baths ∙ 2,650 Sqft ∙ Built 1981 4 beds 4 baths ∙ 2,650 Sqft ∙ Built 1981
    property image
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.91
    •  
PROPERTY LISTING DETAILS
Bassem Masri
1.713.870.7767
Uno Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 56042357
Last Updated: 11/13/2020
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