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14839 Delbarton Drive Houston, TX 77083

5 Beds 3 Baths 2,784 sqft Built 1982

$249,999

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $89.80
  • 2 Days on Market
  • MLS # : 94841309
  • Updated Date : 11/14/2020 at 16:33
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,784 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Premier Realty

Listing Agent's Description

This one won’t last long! Owners lovingly & diligently maintained the home. Video walk through is linked to this listing. Highlights include an open floor plan great for hosting with lots of natural light, spacious deck & private pool, large bedrooms, open kitchen with lots of cabinets. Study/office. French doors, wet bar, chalk board wall, custom built table can stay. Utility has space for freezer. Custom wood work in primary. Recent updates include ’15 (new garage door/motor, kitchen remodel) ’16 (gutters whole house, outdoor deck) ’17 (new pool liner/painting) ’18 (new fence, paint kitchen cabinets/new hardware, new windows upstairs) ’20 (new pool motor, front landscaping, new Primary sink/counter, Primary wall design, new high-eff A/C for upstairs) No high water or flooding from storms per the sellers. Short walk to park & community pool. Great central location, energy corridor, great restaurants & shopping- Hwy 6 - Westpark - 99 - 90 - Bltwy 8

SEE MORE

MARKET HIGHLIGHTS

  • 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: Providence

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $99k305k

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

Neighborhood: Providence

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
Fleming Elementary School Primary Regular 728 49 5
Hodges Bend Middle School Middle Regular 1,169 67 5
Kempner High School High Regular 2,397 124 7

Fleming Elementary School

  • Education Level: Primary
  • # of students: 728
  • # of teachers: 49
5
GreatSchools Rating

Hodges Bend Middle School

  • Education Level: Middle
  • # of students: 1,169
  • # of teachers: 67
5
GreatSchools Rating

Kempner High School

  • Education Level: High
  • # of students: 2,397
  • # of teachers: 124
7
GreatSchools Rating
 

$224,999$274,999$249,999

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$922
Property Tax -$504
Property Insurance -$188
HOA -$29
Property Management Fees -$99
CASH FLOW
$78

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.

$249,999

PROJECTED PRICE

$1,820

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 7.1%
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$12k

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$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,499
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$9,339

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,761

    COMP ESTIMATED VALUE
  • $0.63

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7003$1,7004$1,8005$1,820
$1,820
RENT COMPS ANALYSIS
  • 14839 Delbarton Drive Houston, TX 5
    • 5 beds 3 baths ∙ 2,784 Sqft ∙ Built 1982 5 beds 3 baths ∙ 2,784 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.65
    •  
  • 15415 La Paloma Drive Houston, TX 1
    • 4 beds 3 baths ∙ 2,834 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,834 Sqft ∙ Built 1981
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.60
    •  
  • 16111 Soaring Eagle Drive Houston, TX 2
    • 4 beds 3 baths ∙ 2,596 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,596 Sqft ∙ Built 2002
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.65
    •  
  • 8914 Norham Drive Houston, TX 3
    • 4 beds 3 baths ∙ 2,686 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,686 Sqft ∙ Built 1997
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.63
    •  
  • 14307 Berrington Drive Houston, TX 4
    • 4 beds 3 baths ∙ 2,779 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,779 Sqft ∙ Built 1996
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.65
    •  
PROPERTY LISTING DETAILS
Jeffrey Collins
1.281.961.0700
Keller Williams Premier Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 94841309
Last Updated: 11/14/2020
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