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15423 W Little York Road Houston, TX 77084

3 Beds 3 Baths 2,628 sqft Built 1995

$230,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $87.52
  • 6 Days on Market
  • MLS # : 73179092
  • Updated Date : 02/23/2021 at 15:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,628 sqft
  • Baths : 2 full , 1 half
Listing Agent

W & G Realty, Llc

Listing Agent's Description

house is being sold AS IS. house is negotiable. please schedule a showing by texting 432-664-2192

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: Langham Creek Colony

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $74k222k

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

Neighborhood: Langham Creek Colony

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8581677

* 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 Unknown NA

Horne Elementary School

  • Education Level: Primary
  • # of students: 1,091
  • # of teachers: 65
4
GreatSchools Rating

Truitt Middle School

  • Education Level: Middle
  • # of students: 1,412
  • # of teachers: 94
5
GreatSchools Rating

Cypress Falls High School

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

$207,000$253,000$230,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$799
Property Tax -$547
Property Insurance -$205
Property Management Fees -$99
CASH FLOW
$100

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.

$230,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.76%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.99%
Appreciation Year (1-5) 7.0%
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$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$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$66,700

INVESTMENT

$66,700

Down Payment
$57,500
Rehab Estimate
$5,750
Closing Costs
$3,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$799

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,500
Loan Amount $172,500
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$9,714

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,971

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7953$1,8754$1,9955$2,000
$2,000
RENT COMPS ANALYSIS
  • 15423 W Little York Road Houston, TX 1
    • 3 beds 3 baths ∙ 2,628 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,628 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.67
    •  
  • 6706 Cleft Stone Drive Houston, TX 2
    • 3 beds 3 baths ∙ 2,627 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,627 Sqft ∙ Built 2000
    property image
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.68
    •  
  • 15010 Satsuma Drive Houston, TX 3
    • 4 beds 3 baths ∙ 2,435 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,435 Sqft ∙ Built 1999
    property image
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.77
    •  
  • 16223 Fleethaven Lane Houston, TX 4
    • 4 beds 3 baths ∙ 2,622 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,622 Sqft ∙ Built 2004
    property image
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.76
    •  
  • 15922 Bishops Glen Lane Houston, TX 5
    • 4 beds 3 baths ∙ 2,532 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,532 Sqft ∙ Built 2003
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.79
    •  
PROPERTY LISTING DETAILS
Walter Serna
1.432.664.2192
W & G Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 73179092
Last Updated: 02/23/2021
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