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15418 Lago Villa Drive Tomball, TX 77377

3 Beds 2 Baths 1,633 sqft Built 1983

$200,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $122.47
  • 3 Days on Market
  • MLS # : 86064457
  • Updated Date : 12/11/2020 at 16:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,633 sqft
  • Baths : 2 full
Listing Agent

Bhgre Gary Greene

Listing Agent's Description

What a fabulous little find **This Gem features many updates including : Flooring*Granite Counters*Lighting*Master Shower & Counters*Ac about 7 yrs old / Roof about 5 yrs old* There are ceiling fans and blinds on all the windows*The exterior has an enclosed sunroom (Man-cave) and a covered patio, along with a garden shed to store tools*Small neighborhood close to the Vintage Shopping and Dining area* Acclaimed Tomball ISD* Come take a look !!!

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

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
Northpointe Intermediate School Primary Regular 1,012 58 9
Northpointe Intermediate School Middle Regular 1,012 58 9
Tomball Memorial High School High Regular 1,942 103 9

Northpointe Intermediate School

  • Education Level: Primary
  • # of students: 1,012
  • # of teachers: 58
9
GreatSchools Rating

Northpointe Intermediate School

  • Education Level: Middle
  • # of students: 1,012
  • # of teachers: 58
9
GreatSchools Rating

Tomball Memorial High School

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

$180,000$220,000$200,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$738
Property Tax -$443
Property Insurance -$135
HOA -$21
Property Management Fees -$99
CASH FLOW
$194

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.

$200,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.82%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,750

INVESTMENT

$58,750

Down Payment
$50,000
Rehab Estimate
$5,750
Closing Costs
$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$738

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $50,000
Loan Amount $150,000
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$17,822

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,641

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,545
1$1,5452$1,5603$1,6304$1,7505$1,795
$1,795
RENT COMPS ANALYSIS
  • 15418 Lago Villa Drive Tomball, TX 3
    • 3 beds 2 baths ∙ 1,633 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,633 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $1.00
    •  
  • 15918 Whipple Tree Drive Houston, TX 1
    • 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1976
    LEASED 10/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.93
    •  
  • 15819 Whipple Tree Drive Houston, TX 2
    • 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1976
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $1.04
    •  
  • 15034 Rose Valley Drive Houston, TX 4
    • 3 beds 2 baths ∙ 1,811 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,811 Sqft ∙ Built 1979
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.97
    •  
  • 15815 Whipple Tree Drive Houston, TX 5
    • 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1976
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.08
    •  
PROPERTY LISTING DETAILS
Donna Hines
1.713.824.2618
Bhgre Gary Greene
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 86064457
Last Updated: 12/11/2020
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