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14930 Darbydale Drive Houston, TX 77090

3 Beds 3 Baths 1,754 sqft Built 2011

$175,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

November 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $99.77
  • 6 Days on Market
  • MLS # : 3563991
  • Updated Date : 11/12/2020 at 16:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,754 sqft
  • Baths : 2 full , 1 half
Listing Agent

Texas Real Estate Pro

Listing Agent's Description

Welcome Home! 3 bedroom 2.5 bath home located in Darbydale Crossing. Home features open concepts living, kitchen, and breakfast area. The Kitchen includes a breakfast bar and granite-like Formica countertops. Spacious open floor plan with tiled flooring in the main areas of the home and carpet in the bedrooms. The master suite has a raised ceiling with a master bath showcasing built-ins and a walk-in tiled shower. Large and spacious backyard and covered back patio!

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

Zip Code: 77090

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $74k222k

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

Zip Code: 77090

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600Rent in $9101677

* 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
Bf. Clark Primary School Primary Regular NA
Bammel Middle School Middle Regular 1,346 77 3
Andy Dekaney High School High Regular 2,855 163 2

Bf. Clark Primary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Bammel Middle School

  • Education Level: Middle
  • # of students: 1,346
  • # of teachers: 77
3
GreatSchools Rating

Andy Dekaney High School

  • Education Level: High
  • # of students: 2,855
  • # of teachers: 163
2
GreatSchools Rating
 

$157,500$192,500$175,000

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$646
Property Tax -$405
Property Insurance -$146
HOA -$25
Property Management Fees -$99
CASH FLOW
$70

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.

$175,000

PROJECTED PRICE

$1,390

PROJECTED RENT

0.79%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.99%
Appreciation Year (1-5) 5.9%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$52,125

INVESTMENT

$52,125

Down Payment
$43,750
Rehab Estimate
$5,750
Closing Costs
$2,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$646

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $43,750
Loan Amount $131,250
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$8,681

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,425

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,390
1$1,3902$1,4503$1,4954$1,4955$1,495
$1,495
RENT COMPS ANALYSIS
  • 14930 Darbydale Drive Houston, TX 1
    • 3 beds 3 baths ∙ 1,754 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,754 Sqft ∙ Built 2011
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.79
    •  
  • 834 Sun Prairie Drive Houston, TX 2
    • 4 beds 3 baths ∙ 1,860 Sqft ∙ Built 2013 4 beds 3 baths ∙ 1,860 Sqft ∙ Built 2013
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.78
    •  
  • 822 Darbydale Crossing Lane Houston, TX 3
    • 4 beds 3 baths ∙ 1,851 Sqft ∙ Built 2013 4 beds 3 baths ∙ 1,851 Sqft ∙ Built 2013
    property image
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.81
    •  
  • 810 Sun Prairie Drive Houston, TX 4
    • 3 beds 3 baths ∙ 1,777 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,777 Sqft ∙ Built 2013
    property image
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.84
    •  
  • 847 Darbydale Crossing Lane Houston, TX 5
    • 3 beds 3 baths ∙ 1,834 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,834 Sqft ∙ Built 2013
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.82
    •  
PROPERTY LISTING DETAILS
Paige Houston
1.713.855.7907
Texas Real Estate Pro
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 3563991
Last Updated: 11/12/2020
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