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14914 Crondell Circle Channelview, TX 77530

3 Beds 2 Baths 1,664 sqft Built 1981

$186,900

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $112.32
  • 4 Days on Market
  • MLS # : 94693918
  • Updated Date : 03/13/2021 at 12:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,664 sqft
  • Baths : 2 full
Listing Agent

Prime Realty Group

Listing Agent's Description

GORGEOUS REMODELED 3/2/2 ON SHORT CUL DE SAC STREET. FRESH INTERIOR AND EXTERIOR PAINT, GRANITE COUNTER IN KITCHEN, BREAKFAST BAR, CATHEDRAL CEILING IN DEN AND MASTER BEDROOM, DOUBLE INSULATED WINDOWS, NEW MICROWAVE, BOTH BATHROOMS WERE REMODELED IN RECENT YEARS, WALK-IN CLOSET IN MASTER BEDROOM. NEW SIDING ON FRONT AND RIGHT SIDE OF EXTERIOR. DREAM KITCHEN WITH MODERN APPLIANCES, SPACIOUS DINING ROOM. BUYERS WILL LOVE THIS LARGE HOME

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Sterling Green

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $66k222k

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

Neighborhood: Sterling Green

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7581677

* 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
Channelview High School High Regular 2,319 130 4

Channelview High School

  • Education Level: High
  • # of students: 2,319
  • # of teachers: 130
4
GreatSchools Rating
 

$168,210$205,590$186,900

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$649
Property Tax -$446
Property Insurance -$140
HOA -$23
Property Management Fees -$99
CASH FLOW
$74

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$186,900

PROJECTED PRICE

$1,430

PROJECTED RENT

0.77%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.99%
Appreciation Year (1-5) 8.9%
Maintenance Year (1-5) 8.00%
Vacancy 8.01%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$55,279

INVESTMENT

$55,279

Down Payment
$46,725
Rehab Estimate
$5,750
Closing Costs
$2,804

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$649

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $46,725
Loan Amount $140,175
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$7,487

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,518

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4003$1,4304$1,4755$1,495
$1,495
RENT COMPS ANALYSIS
  • 14914 Crondell Circle Channelview, TX 3
    • 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 1981
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.86
    •  
  • 1359 Tenderden Dr Channelview, TX 1
    • 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1980
    property image
    LEASED 12/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.95
    •  
  • 1414 Littleport Lane Channelview, TX 2
    • 3 beds 2 baths ∙ 1,491 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,491 Sqft ∙ Built 1983
    property image
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.94
    •  
  • 1415 Tenderden Drive Channelview, TX 4
    • 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1982
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.92
    •  
  • 1406 Crawley Court Channelview, TX 5
    • 3 beds 2 baths ∙ 1,778 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,778 Sqft ∙ Built 1981
    property image
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.84
    •  
PROPERTY LISTING DETAILS
Irene Cargill
1.713.451.4443
Prime Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 94693918
Last Updated: 03/13/2021
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