Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1985
- Price/Sqft : $134.64
- 3 Days on Market
- MLS # : 82229097
- Updated Date : 01/22/2021 at 15:26
CONSTRUCTION
- Beds : 3
- Floor Size : 1,634 sqft
- Baths : 2 full
Listing Agent
True Grit Realty Group
Listing Agent's Description
This is it! Welcome home! Open concept with spacious kitchen, living room features high ceilings/gas log fireplace, new picture window in formal dining, split floor plan, breakfast bar, kitchen open to living room, remodeled master bath to include double sinks, garden tub, and separate shower(2020). HVAC replaced in 2019 with a high efficiency units, new carpet in bedrooms (2018), laminate flooring installed in common areas (2020), new windows installed 2020, covered patio, storage shed in back yard. Video/audio doorbell and thermostat by Nest. Windows come with a warranty for breakage and a limited warranty for seals and calking. Home is equipped with hearing impaired smoke detectors wired into the home. Ask your Agent about other Amenities not mentioned like upgraded gutters!
SEE MORE
- 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: Westside Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Westside Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,670 |
| EXPENSES | Loan Payment | -$764 |
| Property Tax | -$563 | |
| Property Insurance | -$138 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$106
|
||
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.
$220,000
PROJECTED PRICE
$1,670
PROJECTED RENT
0.76%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 7.3% |
| 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
$64,050
LOAN DETAILS
$764
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $55,000 |
| Loan Amount | $165,000 |
4.08
YEARS SAVED
$7,969
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,670
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,671
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
1506 Wexford Drive Deer Park, TX 1
- 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 1985
- Rent
- Rent Per SQFT
- $1,670
- $1.02
-
3110 Brookhurst Lane Deer Park, TX 2
- 3 beds 2 baths ∙ 1,517 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,517 Sqft ∙ Built 1979
LEASED 10/03/20- Rent
- Rent Per SQFT
- $1,700
- $1.12
-
1902 Whitebriar Drive Deer Park, TX 3
- 3 beds 3 baths ∙ 1,786 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,786 Sqft ∙ Built 1982
LEASED 12/12/20- Rent
- Rent Per SQFT
- $1,750
- $0.98
-
2325 Walnut Court Deer Park, TX 4
- 3 beds 2 baths ∙ 1,805 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,805 Sqft ∙ Built 1979
LEASED 11/16/20- Rent
- Rent Per SQFT
- $1,750
- $0.97
-
1817 New Orleans Street Deer Park, TX 5
- 3 beds 2 baths ∙ 1,798 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,798 Sqft ∙ Built 1975
LEASED 10/20/20- Rent
- Rent Per SQFT
- $1,825
- $1.02
PROPERTY LISTING DETAILS
1.281.415.5224
True Grit Realty Group
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 82229097
Last Updated: 01/22/2021
