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15707 Oxenford Drive Tomball, TX 77377

4 Beds 3 Baths 2,282 sqft Built 1981

$269,900

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $118.27
  • 2 Days on Market
  • MLS # : 90528977
  • Updated Date : 03/13/2021 at 19:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,282 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Parisher Prop.

Listing Agent's Description

Beautiful and inviting Victorian Style home with large inground Swimming Pool, private backyard with shaded sitting nook, vaulted ceilings, wrap around front porch, two car detached garage with covered walkway and work bench inside. Vaulted Primary BR and one Secondary BR with custom stain glass windows. Updated Complete 16 Seer Trane HVAC System in 2017 (inside and outside unit replaced along with ductwork), Updated Hayward variable speed Pool pump, pool filter and Polaris pump 2017, Updated Polaris pool sweep 2020, Exterior freshly painted and Hardi-Plank added in rear and in side sections at roof junction 2021. Kitchen refresh, cabinets removed, sealed and freshly painted and updated cooktop 2021. Gardens front & Back freshly cleaned and mulched 2021. Easy and quick access to Hwy 249, Beltway 8 and the Grand Parkway. Minutes to Vintage Park, shopping and restaurants. You will love the Southern Charm of this Baby Blue Victorian Doll House! Property did not flood during Harvey.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Canterbury Forest

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Neighborhood: Canterbury Forest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10292063

* 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
Lakewood Elementary School Primary Regular 770 45 8
Willow Wood Junior High School Middle Regular 1,028 54 9
Tomball Memorial High School High Regular 1,942 103 9

Lakewood Elementary School

  • Education Level: Primary
  • # of students: 770
  • # of teachers: 45
8
GreatSchools Rating

Willow Wood Junior High School

  • Education Level: Middle
  • # of students: 1,028
  • # of teachers: 54
9
GreatSchools Rating

Tomball Memorial High School

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

$242,910$296,890$269,900

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$937
Property Tax -$598
Property Insurance -$177
HOA -$13
Property Management Fees -$99
CASH FLOW
$15

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.

$269,900

PROJECTED PRICE

$1,840

PROJECTED RENT

0.68%

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$700k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$937

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$4,543

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,934

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7993$1,8404$2,0005$2,200
$2,200
RENT COMPS ANALYSIS
  • 15707 Oxenford Drive Tomball, TX 3
    • 4 beds 3 baths ∙ 2,282 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,282 Sqft ∙ Built 1981
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.81
    •  
  • 15503 Canterbury Forest Drive Tomball, TX 1
    • 4 beds 3 baths ∙ 2,335 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,335 Sqft ∙ Built 1976
    property image
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.75
    •  
  • 11619 Cedarvale Lane Tomball, TX 2
    • 4 beds 2 baths ∙ 2,300 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,300 Sqft ∙ Built 2001
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.78
    •  
  • 11802 Chateau Trail Tomball, TX 4
    • 3 beds 2 baths ∙ 2,256 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,256 Sqft ∙ Built 1995
    property image
    LEASED 05/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.89
    •  
  • 11919 Lakewood Trail Tomball, TX 5
    • 3 beds 2 baths ∙ 2,257 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,257 Sqft ∙ Built 2000
    property image
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.97
    •  
PROPERTY LISTING DETAILS
Jason Utley
1.713.594.7361
Century 21 Parisher Prop.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 90528977
Last Updated: 03/13/2021
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