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15511 Pebble Lake Drive Houston, TX 77095

3 Beds 2 Baths 1,458 sqft Built 1982

$175,500

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $120.37
  • 3 Days on Market
  • MLS # : 56910821
  • Updated Date : 01/08/2021 at 10:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,458 sqft
  • Baths : 2 full
Listing Agent

Xterra Real Estate

Listing Agent's Description

Single Story COPPERFIELD NORTHMEAD house. Updated 3/2, less than 500 feet from neighborhood park. Corner fireplace, LVP in common areas and carpet in bedrooms. Home is currently occupied by month to month Tenant

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MARKET HIGHLIGHTS

  • 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)
  • Houston metro contributes to 29.5% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Copperfield Northmead Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k110k120k130k140k150k160k170k180k190k200k210k220kPrice in $98k225k

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

Neighborhood: Copperfield Northmead Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8651677

* 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 Regular 3,667 214 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: 3,667
  • # of teachers: 214
NA
GreatSchools Rating
 

$157,950$193,050$175,500

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$610
Property Tax -$370
Property Insurance -$126
HOA -$67
Property Management Fees -$99
CASH FLOW
$159

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.

$175,500

PROJECTED PRICE

$1,430

PROJECTED RENT

0.81%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 7.8%
Maintenance Year (1-5) 8.00%
Vacancy 8.80%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$52,258

INVESTMENT

$52,258

Down Payment
$43,875
Rehab Estimate
$5,750
Closing Costs
$2,633

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$610

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $43,875
Loan Amount $131,625
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$12,399

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,432

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,430
1$1,4302$1,4503$1,4504$1,4955$1,550
$1,550
RENT COMPS ANALYSIS
  • 15511 Pebble Lake Drive Houston, TX 1
    • 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.98
    •  
  • 15426 Pebble Lake Drive Houston, TX 2
    • 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1982
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.99
    •  
  • 15335 Swan Creek Drive Houston, TX 3
    • 3 beds 2 baths ∙ 1,494 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,494 Sqft ∙ Built 1980
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.97
    •  
  • 8454 Lake Crystal Drive Houston, TX 4
    • 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 1983
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.96
    •  
  • 15331 Meadow Village Drive Houston, TX 5
    • 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1981
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.01
    •  
PROPERTY LISTING DETAILS
Kathy Grey
1.281.787.8461
Xterra Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 56910821
Last Updated: 01/08/2021
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