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14918 Hollydale Drive Houston, TX 77062

4 Beds 3 Baths 2,353 sqft Built 1981

$249,900

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $106.20
  • 5 Days on Market
  • MLS # : 46935256
  • Updated Date : 01/14/2021 at 19:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,353 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty, Llc

Listing Agent's Description

Fantastic curb appeal awaits you each day! This gorgeous home boasts trendy, laminate flooring at Entry that extends throughout the common areas. Family Room has vaulted ceilings & 2nd level windows to add natural light & give an even more spacious feel! The Kitchen is where many a tasty meal is prepared with love! It features a breakfast, for a quick bite, beverage chiller, double ovens & a smooth cooktop! Flex Room off the Kitchen is being used as a Study, but could also be Formal Dining if you prefer. Generous Primary Bedroom has a fantastic accent wall & an abundance of space! Its ensuite Bathroom has double sinks & dual, walk-in closets. Each of the Secondary Bedrooms has walk-in closet space, with Bedroom 4 having a dazzling mural that is perfect for a youngster! Out back you'll find an extensive deck and ample green space for the kids & pets to roam! This home also features new windows at most rooms and also has new sewer lines. Great access to schools & park, and no flooding!

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: Oakbrook West

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $99k305k

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

Neighborhood: Oakbrook West

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
Ward Elementary School Primary Regular 583 36 7
Clear Lake Intermediate School Middle Regular 1,001 64 6
Clear Lake High School High Regular 2,437 143 8

Ward Elementary School

  • Education Level: Primary
  • # of students: 583
  • # of teachers: 36
7
GreatSchools Rating

Clear Lake Intermediate School

  • Education Level: Middle
  • # of students: 1,001
  • # of teachers: 64
6
GreatSchools Rating

Clear Lake High School

  • Education Level: High
  • # of students: 2,437
  • # of teachers: 143
8
GreatSchools Rating
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$868
Property Tax -$613
Property Insurance -$186
HOA -$7
Property Management Fees -$99
CASH FLOW
$178

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.

$249,900

PROJECTED PRICE

$1,950

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.2%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$12,794

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,929

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,725
1$1,7252$1,7953$1,8504$1,8755$1,950
$1,950
RENT COMPS ANALYSIS
  • 14918 Hollydale Drive Houston, TX 5
    • 4 beds 3 baths ∙ 2,353 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,353 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.83
    •  
  • 15006 Pleasant Valley Road Houston, TX 1
    • 4 beds 2 baths ∙ 2,175 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,175 Sqft ∙ Built 1978
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.79
    •  
  • 15019 Seahorse Drive Houston, TX 2
    • 4 beds 3 baths ∙ 2,306 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,306 Sqft ∙ Built 1980
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.78
    •  
  • 15210 Saint Cloud Drive Houston, TX 3
    • 3 beds 2 baths ∙ 2,176 Sqft ∙ Built 1970 3 beds 2 baths ∙ 2,176 Sqft ∙ Built 1970
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.85
    •  
  • 15043 Pearhaven Drive Houston, TX 4
    • 4 beds 3 baths ∙ 2,175 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,175 Sqft ∙ Built 1980
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.86
    •  
PROPERTY LISTING DETAILS
Monica Foster
1.346.202.7307
Exp Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 46935256
Last Updated: 01/14/2021
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