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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $95.00
- 2 Days on Market
- MLS # : 87866090
- Updated Date : 12/19/2020 at 15:03
CONSTRUCTION
- Beds : 4
- Floor Size : 2,942 sqft
- Baths : 3 full
Listing Agent
Abby Realty
Listing Agent's Description
Beautiful 4-bedroom, 3-bathroom in the master planned community of Fall Creek. This home has a beautifully tiled entry, study with French doors, formal living, and dining area with pass-through to the kitchen. The kitchen offers granite countertops, lots of counter space, 42-inch cabinets, large eat-in island and opens to the family and breakfast area. Family room features a beautiful fireplace and large windows providing abundant natural light; perfect for gathering and entertaining. Master suite has large walk-in closet with custom shelving, high ceilings, large windows, ensuite bath with dual vanity, tub and stand-up shower. This large one-story house has 3 more bedrooms and 2 more full bathrooms for you. There are wonderful community amenities; club house, pools, parks, golfing, trails and much more. New roof (composite asphalt shingles and underlayment) being installed 12/27/2020 Come and make this your new home!!
SEE MORE
- 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: Fall Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Fall Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,510 |
| EXPENSES | Loan Payment | -$1,031 |
| Property Tax | -$799 | |
| Property Insurance | -$226 | |
| HOA | -$91 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$264
|
||
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.
$279,500
PROJECTED PRICE
$2,510
PROJECTED RENT
0.90%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 2.3% |
| 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
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$79,818
LOAN DETAILS
$1,031
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $69,875 |
| Loan Amount | $209,625 |
5.42
YEARS SAVED
$19,073
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,510
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$2,493
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
14830 Fountain Stone Lane Humble, TX 5
- 4 beds 3 baths ∙ 2,942 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,942 Sqft ∙ Built 2007
- Rent
- Rent Per SQFT
- $2,510
- $0.85
-
9503 Fossil Canyon Drive Humble, TX 1
- 4 beds 3 baths ∙ 2,782 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,782 Sqft ∙ Built 2008
LEASED 07/06/20- Rent
- Rent Per SQFT
- $2,325
- $0.84
-
14614 Golden Bough Lane Humble, TX 2
- 3 beds 3 baths ∙ 3,048 Sqft ∙ Built 2002 3 beds 3 baths ∙ 3,048 Sqft ∙ Built 2002
LEASED 01/20/20- Rent
- Rent Per SQFT
- $2,400
- $0.79
-
10018 Aspen Falls Lane Humble, TX 3
- 4 beds 3 baths ∙ 2,886 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,886 Sqft ∙ Built 2017
LEASED 02/01/20- Rent
- Rent Per SQFT
- $2,500
- $0.87
-
9242 Indian Lodge Lane Humble, TX 4
- 3 beds 3 baths ∙ 2,820 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,820 Sqft ∙ Built 2004
LEASED 06/18/20- Rent
- Rent Per SQFT
- $2,500
- $0.89
PROPERTY LISTING DETAILS
1.281.630.3602
Abby Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 87866090
Last Updated: 12/19/2020
