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15214 Yorkpoint Drive Houston, TX 77084

3 Beds 2 Baths 1,826 sqft Built 1983

INVESTimate

$183,900

List Price

$1,520

$1,368 - $1,672

Rent Est.

$54,484

Investment Est.

$196,718 ( +6.97%) 1 YR EST. FORECAST

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AVAILABLE

1 YEAR
Gross Yield	9.92%
NOI	$7,039

15 YEAR
Yield	5.05%
Appreciation	3.97%
TOTAL RETURN	21.52%

PROPERTY INFO

August 25, 2020 RECENTLY ADDED

FACTS

Built In 1983
Price/Sqft : $100.71
2 Days on Market
MLS # : 8204787
Updated Date : 08/25/2020 at 10:48

CONSTRUCTION

Beds : 3
Floor Size : 1,826 sqft
Baths : 2 full

Listing Agent

Re/max Real Estate Assoc.

Listing Agent's Description

BEAUTIFUL 3/4 ROOMS FOR FIRST TIME HOME BUYERS... REMODELED FRESH PAINT INSIDE & NEW CARPET ON ALL ROOMS.!!! Comfortable with cozy fireplace. Spacious Kitchen, high ceilings! Versatile 4th room / Study. Adjustable lighting on hallway..Great backyard. Highly rated Cy-Fair Schools.

1 of 26 X

MARKET HIGHLIGHTS

Houston Market Report

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)

Neighborhood: Yorktown Colony

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

Neighborhood: Yorktown Colony

* 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
Horne Elementary School	Primary	Regular	1,091	65	4
Truitt Middle School	Middle	Regular	1,412	94	5
Cypress Falls High School	High	Regular	3,667	214	NA

Horne Elementary School

Education Level: Primary
# of students: 1,091
# of teachers: 65

GreatSchools Rating

Truitt Middle School

Education Level: Middle
# of students: 1,412
# of teachers: 94

GreatSchools Rating

Cypress Falls High School

Education Level: High
# of students: 3,667
# of teachers: 214

GreatSchools Rating

FINANCIALS

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$165,510$202,29000$183,900

PURCHASE PRICE

$1,368$1,67200$1,520

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

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PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,520
EXPENSES	Loan Payment	-$679
	Property Tax	-$438
	Property Insurance	-$151
	HOA	-$30
	Property Management Fees	-$99



CASH FLOW $125

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.

$183,900

PROJECTED PRICE

$1,520

PROJECTED RENT

0.83%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	2.94%
Appreciation Year (1-5)	6.97%
Maintenance Year (1-5)	8.00%
Vacancy	8.80%
Length of Stay Years	2

TOTAL CASH OUT OF POCKET

INVESTMENT

$54,484

Down Payment	$45,975
Rehab Estimate	$5,750
Closing Costs	$2,759

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$679

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$45,975
Loan Amount	$137,925

See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$11,503

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,520
LIST RENT
$0.83
LIST RENT PER SQFT

$1,516
COMP ESTIMATED VALUE
$0.83
COMP AVG. RENT PER SQFT

Comps Range

$1,395

1$1,3952$1,4003$1,4954$1,5205$1,545

$1,545

RENT COMPS ANALYSIS

1,826
PROPERTY SQFT
$0.83
AVG RENT PER SQFT
$1,516
ESTIMATED VALUE
$1,520
LIST RENT

15214 Yorkpoint Drive Houston, TX 4

3 beds 2 baths ∙ 1,826 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,826 Sqft ∙ Built 1983
Price

Price Per SQFT

$183,900

$100.71
15026 Margeson Street Houston, TX 1

3 beds 2 baths ∙ 1,795 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 1978
SOLD 07/08/20
Price

Price Per SQFT

$140,000

$77.99
15003 Tilley Street Houston, TX 2

3 beds 2 baths ∙ 1,775 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,775 Sqft ∙ Built 1993
SOLD 07/24/20
Price

Price Per SQFT

$172,000

$96.90
15210 Yorkpoint Drive Houston, TX 3

3 beds 2 baths ∙ 1,904 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,904 Sqft ∙ Built 1983
SOLD 07/15/20
Price

Price Per SQFT

$176,000

$92.44
14903 Willow Hearth Drive Houston, TX 5

3 beds 2 baths ∙ 1,878 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,878 Sqft ∙ Built 1985
SOLD 06/01/20
Price

Price Per SQFT

$190,000

$101.17

15214 Yorkpoint Drive Houston, TX 4

3 beds 2 baths ∙ 1,826 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,826 Sqft ∙ Built 1983
Rent

Rent Per SQFT

$1,520

$0.83
15115 Cabots Landing Drive Houston, TX 1

3 beds 2 baths ∙ 1,712 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,712 Sqft ∙ Built 1983
LEASED 03/24/20
Rent

Rent Per SQFT

$1,395

$0.81
6423 Crakston Street Houston, TX 2

3 beds 2 baths ∙ 1,711 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,711 Sqft ∙ Built 1984
LEASED 02/14/20
Rent

Rent Per SQFT

$1,400

$0.82
15110 Yorkpoint Drive Houston, TX 3

3 beds 2 baths ∙ 1,712 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,712 Sqft ∙ Built 1983
LEASED 02/15/20
Rent

Rent Per SQFT

$1,495

$0.87
15203 Yorkpoint Drive Houston, TX 5

3 beds 2 baths ∙ 1,876 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 1983
LEASED 04/29/20
Rent

Rent Per SQFT

$1,545

$0.82

PROPERTY LISTING DETAILS

Rosalba Cabrera
1.832.434.8697
Re/max Real Estate Assoc.

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 8204787
Last Updated: 08/25/2020

15214 Yorkpoint Drive Houston, TX 77084

INVESTimate

$183,900

$1,520

$54,484

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Horne Elementary School

Truitt Middle School

Cypress Falls High School

FINANCIALS

$165,510$202,29000$183,900

$1,368$1,67200$1,520

Acquisition Concierge

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$183,900

$1,520

0.83%

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$679

5.08

$11,503

$183,900

$100.71

$168,220

$92.13

COMPS RANGE

PRICE COMPS ANALYSIS

$1,520

$0.83

$1,516

$0.83

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS