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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.

$93,995

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+4.7%)
1 YR. PROJ. APPRECIATION


Cap Rate	3.1%
Cash Flow	$396
Value Increase	$16,057

10 YEAR

Cash On Cash	-3.5%
Total Return	8.8%

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.

149 N Hall Dr

Sugar Land, Texas

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MARKET HIGHLIGHTS

Houston Market Report

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)

Neighborhood: Hall Lake

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

Neighborhood: Hall Lake

* 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

GreatSchools Rating

Dulles Middle School

Education Level: Middle
# of students: 1,294
# of teachers: 65

GreatSchools Rating

Dulles High School

Education Level: High
# of students: 2,189
# of teachers: 117

GreatSchools Rating

FINANCIALS

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$299,700$366,30000$333,000

PURCHASE PRICE

$1,953$2,38700$2,170

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

Learn how to read this

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

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

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

3.75%

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

2,549
PROPERTY SQFT
$0.89
AVG RENT PER SQFT
$2,269
ESTIMATED VALUE
$2,170
LIST RENT

148 N Hall Drive Sugar Land, TX 1

4 beds 3 baths ∙ 2,549 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,549 Sqft ∙ Built 1984
Price

Price Per SQFT

$333,000

$130.64
1203 Colony Lakes Drive Sugar Land, TX 2

4 beds 3 baths ∙ 2,521 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,521 Sqft ∙ Built 1996
SOLD 09/09/20
Price

Price Per SQFT

$342,786

$135.97
1111 Oyster Bay Drive Sugar Land, TX 3

3 beds 3 baths ∙ 2,272 Sqft ∙ Built 1982 3 beds 3 baths ∙ 2,272 Sqft ∙ Built 1982
SOLD 08/06/20
Price

Price Per SQFT

$343,000

$150.97
1034 Mockingbird Way Sugar Land, TX 4

4 beds 3 baths ∙ 2,561 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,561 Sqft ∙ Built 1980
SOLD 07/24/20
Price

Price Per SQFT

$350,000

$136.67
1011 Mockingbird Way Sugar Land, TX 5

4 beds 3 baths ∙ 2,578 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,578 Sqft ∙ Built 1981
SOLD 05/07/20
Price

Price Per SQFT

$371,000

$143.91

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
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
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
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
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
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

148 N Hall Drive Sugar Land, TX 77478

$333,000

$2,170

$93,995

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Highlands Elementary School

Dulles Middle School

Dulles High School

FINANCIALS

$299,700$366,30000$333,000

$1,953$2,38700$2,170

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$333,000

$2,170

0.65%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$1,157

2.58

$6,973

$333,000

$130.64

$361,652

$141.88

COMPS RANGE

PRICE COMPS ANALYSIS

$2,170

$0.85

$2,269

$0.89

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS