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15547 Prairie Oaks Drive Houston, TX 77083

3 Beds 2 Baths 1,478 sqft Built 1996

$195,000

List Price

$1,410

$1.3K - $1.6K

Rent Est.

$57,425

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+8.7%)
1 YR. PROJ. APPRECIATION


Cap Rate	3.4%
Cash Flow	$1,104
Value Increase	$17,365

10 YEAR

Cash On Cash	-1.8%
Total Return	13.0%

PROPERTY INFO

January 09, 2021 RECENTLY ADDED

FACTS

Single Family
Built In 1996
Price/Sqft : $131.94
2 Days on Market
MLS # : 38707652
Updated Date : 01/09/2021 at 20:27

CONSTRUCTION

Beds : 3
Floor Size : 1,478 sqft
Baths : 2 full

Listing Agent

Kinh Do Realty

Listing Agent's Description

One beautiful story with 3 bedroom, 2 full bath, large living rom with high ceiling and fireplace. This house has a lot of upgrades: new water heater, A/C condenser (Yr 2018), roof(Yr 2016), granite countertop, tile. You will enjoy this house with plenty of natural light, huge backyard and spacious area. Convenient to super markets, shopping center, highways, LOW TAX, NO FLOODING. Camera is removed before closing. Furniture, refrigerator, washer and dryer are for sale. Schedule your appointment today.

15530 Town Green Dr

Houston, Texas

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MARKET HIGHLIGHTS

Houston Market Report

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)

Neighborhood: Mission Glen

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

Neighborhood: Mission Glen

* 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
Mission Glen Elementary School	Primary	Regular	493	39	4
Hodges Bend Middle School	Middle	Regular	1,169	67	5
Bush High School	High	Regular	2,192	112	6

Mission Glen Elementary School

Education Level: Primary
# of students: 493
# of teachers: 39

GreatSchools Rating

Hodges Bend Middle School

Education Level: Middle
# of students: 1,169
# of teachers: 67

GreatSchools Rating

Bush High School

Education Level: High
# of students: 2,192
# of teachers: 112

GreatSchools Rating

FINANCIALS

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$175,500$214,50000$195,000

PURCHASE PRICE

$1,269$1,55100$1,410

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

Learn how to read this

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,410
EXPENSES	Loan Payment	-$677
	Property Tax	-$402
	Property Insurance	-$113
	HOA	-$27
	Property Management Fees	-$99



CASH FLOW $92

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.

$195,000

PROJECTED PRICE

$1,410

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	2.99%
Appreciation Year (1-5)	8.7%
Maintenance Year (1-5)	8.00%
Vacancy	8.01%
Length of Stay Years	2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$57,425

Down Payment	$48,750
Rehab Estimate	$5,750
Closing Costs	$2,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$677

MONTHLY LOAN PAYMENT

30 yr

3.75%

25.00%

Down Payment

Term	30 Years
Interest	3.75%
Down Payment	$48,750
Loan Amount	$146,250

See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$10,030

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,410
LIST RENT
$0.95
LIST RENT PER SQFT

$1,400
COMP ESTIMATED VALUE
$0.95
COMP AVG. RENT PER SQFT

Comps Range

$1,400

1$1,4002$1,4003$1,4104$1,4955$1,550

$1,550

RENT COMPS ANALYSIS

1,478
PROPERTY SQFT
$0.95
AVG RENT PER SQFT
$1,400
ESTIMATED VALUE
$1,410
LIST RENT

15547 Prairie Oaks Drive Houston, TX 5

3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1996
Price

Price Per SQFT

$195,000

$131.94
15426 Scenic Haven Drive Houston, TX 1

3 beds 2 baths ∙ 1,305 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,305 Sqft ∙ Built 1985
SOLD 01/31/20
Price

Price Per SQFT

$134,000

$102.68
15530 Town Green Drive Houston, TX 2

3 beds 2 baths ∙ 1,561 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,561 Sqft ∙ Built 1984
SOLD 03/25/20
Price

Price Per SQFT

$152,000

$97.37
15335 Lynford Crest Drive Drive Houston, TX 3

3 beds 3 baths ∙ 1,777 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,777 Sqft ∙ Built 2004
SOLD 03/18/20
Price

Price Per SQFT

$165,000

$92.85
7926 Picador Drive Houston, TX 4

3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1981
SOLD 11/20/20
Price

Price Per SQFT

$174,500

$100.29

15547 Prairie Oaks Drive Houston, TX 3

3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1996
Rent

Rent Per SQFT

$1,410

$0.95
8410 Grand Knolls Drive Houston, TX 1

3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1983
LEASED 05/15/20
Rent

Rent Per SQFT

$1,400

$0.95
15514 Prairie Oaks Drive Houston, TX 2

3 beds 2 baths ∙ 1,486 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 1995
LEASED 02/14/20
Rent

Rent Per SQFT

$1,400

$0.94
15314 Wildwood Lake Drive Houston, TX 4

3 beds 2 baths ∙ 1,561 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,561 Sqft ∙ Built 1983
LEASED 10/28/20
Rent

Rent Per SQFT

$1,495

$0.96
15242 Kingsbridge Way Houston, TX 5

3 beds 2 baths ∙ 1,646 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 1999
LEASED 03/20/20
Rent

Rent Per SQFT

$1,550

$0.94

PROPERTY LISTING DETAILS

Nhan Vu
1.713.679.3753
Kinh Do Realty

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 38707652
Last Updated: 01/09/2021

15547 Prairie Oaks Drive Houston, TX 77083

$195,000

$1,410

$57,425

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Mission Glen Elementary School

Hodges Bend Middle School

Bush High School

FINANCIALS

$175,500$214,50000$195,000

$1,269$1,55100$1,410

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$195,000

$1,410

0.72%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$677

5

$10,030

$195,000

$131.94

$145,284

$98.3

COMPS RANGE

PRICE COMPS ANALYSIS

$1,410

$0.95

$1,400

$0.95

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS