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15431 Glenwood Park Dr Houston, TX 77095

3 Beds 2 Baths 1,892 sqft Built 1981

$230,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $121.56
  • 2 Days on Market
  • MLS # : 91770416
  • Updated Date : 02/13/2021 at 11:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,892 sqft
  • Baths : 2 full
Listing Agent

Roreco

Listing Agent's Description

Don't miss out on this Fabulous 3 Bedroom home located in the prestigious Copperfield neighborhood with the outstanding Cypress Fairbanks School District. Beautiful mature trees,3 car garage,corner lot,2 blocks to neighborhood park,community swimming pool,walking distance to schools,restaurants,shopping,grocery store. Easy access to Hwy 6 & 290. The spacious Living room showcases a beautiful fireplace mantle,new flooring, ceiling fan. A spacious Primary Bedroom which leads into your own private oasis and retreat features dual undermount sinks,two walk in closets,quartz countertops,new light fixtures,custom built ins,new faucets,totally new renovated shower,new flooring. New interior paint can be viewed throughout the home,new carpet, new roof OCT 2020,new water heater,new French doors,new light fixtures throughout. The oversized backyard is great for any entertainment you desire. Home has over 30K in new upgrades. NEVER FLOODED! Stop by today,view the rare gem home and fall in love.

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: Copperfield Middlegate Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $99k305k

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

Neighborhood: Copperfield Middlegate Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9692063

* 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
Fiest Elementary School Primary Regular 1,130 61 5
Labay Middle School Middle Regular 1,478 90 7
Cypress Falls High School High Unknown NA

Fiest Elementary School

  • Education Level: Primary
  • # of students: 1,130
  • # of teachers: 61
5
GreatSchools Rating

Labay Middle School

  • Education Level: Middle
  • # of students: 1,478
  • # of teachers: 90
7
GreatSchools Rating

Cypress Falls High School

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

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

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$799
Property Tax -$485
Property Insurance -$155
HOA -$52
Property Management Fees -$99
CASH FLOW
$60

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.

$230,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.8%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

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 60% 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

3.17

YEARS SAVED

$5,844

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,651

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5903$1,6004$1,6505$1,850
$1,850
RENT COMPS ANALYSIS
  • 15431 Glenwood Park Dr Houston, TX 4
    • 3 beds 2 baths ∙ 1,892 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,892 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.87
    •  
  • 15827 Maple Manor Drive Houston, TX 1
    • 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 1983
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.83
    •  
  • 8107 Town Creek Drive Houston, TX 2
    • 3 beds 2 baths ∙ 1,839 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,839 Sqft ∙ Built 1981
    LEASED 05/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.86
    •  
  • 15302 Quiet Creek Drive Houston, TX 3
    • 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 1980
    LEASED 01/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.87
    •  
  • 15515 Windy Cove Drive Houston, TX 5
    • 3 beds 3 baths ∙ 1,988 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,988 Sqft ∙ Built 1982
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.93
    •  
PROPERTY LISTING DETAILS
Julie Baker
1.281.788.1461
Roreco
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 91770416
Last Updated: 02/13/2021
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