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15411 Lago Villa Drive Tomball, TX 77377

4 Beds 3 Baths 2,465 sqft Built 1983

$268,900

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $109.09
  • 42 Days on Market
  • MLS # : 64009979
  • Updated Date : 07/12/2021 at 12:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,465 sqft
  • Baths : 2 full , 1 half
Listing Agent

Champions Real Estate Group

Listing Agent's Description

Foundation repaired warranty available! High ceilings kitchen with island and plenty of cabinets and counterspace. Wood laminate floors with two fireplaces. 4 bedrooms and 2.5 bathrooms. One fireplace in the master bedroom which has a master bath and seperate shower with double sinks as well. 3 bedrooms are upstairs with the staircase overlooking the living area. Home is at end of street for some peace and quiet and sits on 14600 sq foot lot with utility storage and detached garage.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Lakewood Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Neighborhood: Lakewood Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9372063

* 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
Lakewood Elementary School Primary Regular 770 45 8
Willow Wood Junior High School Middle Regular 1,028 54 9
Tomball Memorial High School High Regular 1,942 103 9

Lakewood Elementary School

  • Education Level: Primary
  • # of students: 770
  • # of teachers: 45
8
GreatSchools Rating

Willow Wood Junior High School

  • Education Level: Middle
  • # of students: 1,028
  • # of teachers: 54
9
GreatSchools Rating

Tomball Memorial High School

  • Education Level: High
  • # of students: 1,942
  • # of teachers: 103
9
GreatSchools Rating
 

$242,010$295,790$268,900

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$934
Property Tax -$596
Property Insurance -$189
HOA -$25
Property Management Fees -$99
CASH FLOW
$7

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.

$268,900

PROJECTED PRICE

$1,850

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$77,009

INVESTMENT

$77,009

Down Payment
$67,225
Rehab Estimate
$5,750
Closing Costs
$4,034

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$934

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,225
Loan Amount $201,675
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$4,017

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,880

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7993$1,8504$1,8955$1,900
$1,900
RENT COMPS ANALYSIS
  • 15411 Lago Villa Drive Tomball, TX 3
    • 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.75
    •  
  • 15503 Canterbury Forest Drive Tomball, TX 1
    • 4 beds 3 baths ∙ 2,335 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,335 Sqft ∙ Built 1976
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.75
    •  
  • 11619 Cedarvale Lane Tomball, TX 2
    • 4 beds 2 baths ∙ 2,300 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,300 Sqft ∙ Built 2001
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.78
    •  
  • 14126 Saddlebend Drive Houston, TX 4
    • 4 beds 2 baths ∙ 2,535 Sqft ∙ Built 1976 4 beds 2 baths ∙ 2,535 Sqft ∙ Built 1976
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.75
    •  
  • 11719 Park Creek Drive Houston, TX 5
    • 4 beds 3 baths ∙ 2,479 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,479 Sqft ∙ Built 1983
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.77
    •  
PROPERTY LISTING DETAILS
Will Hernandez
1.832.515.9815
Champions Real Estate Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 64009979
Last Updated: 07/12/2021
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