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15815 Marble Bluff Lane Houston, TX 77049

3 Beds 2 Baths 1,587 sqft Built 2008

$190,000

List Price

$1,520

$1.4K - $1.7K

Rent Est.

$56,100

Investment Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $119.72
  • 3 Days on Market
  • MLS # : 69367232
  • Updated Date : 11/27/2020 at 13:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,587 sqft
  • Baths : 2 full
Listing Agent

Jammer Realty

Listing Agent's Description

Charming one-story home with amazing curb appeal and a grand front porch! The primary suite features a walk-in closet, garden tub, and separate shower. There's a covered patio and a large backyard (fence was replaced 2020). The seller also replaced the carpet ,microwave and stove (2020). This home is located with easy access to Beltway 8, US-90, New Forest Crossing Shopping Center, and Gene Green Beltway 8 Park!

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MARKET HIGHLIGHTS

Houston Market Report
  • 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

Zip Code: 77049

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $74k222k

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

Zip Code: 77049

ZipNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8621677

* 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
Channelview High School High Regular 2,319 130 4

Channelview High School

  • Education Level: High
  • # of students: 2,319
  • # of teachers: 130
4
GreatSchools Rating
 

FINANCIALS

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$171,000$209,000$190,000

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING
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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$701
Property Tax -$404
Property Insurance -$134
HOA -$25
Property Management Fees -$99
CASH FLOW
$157

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.

$190,000

PROJECTED PRICE

$1,520

PROJECTED RENT

0.80%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.99%
Appreciation Year (1-5) 7.7%
Maintenance Year (1-5) 8.00%
Vacancy 8.01%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow

  • Appreciation

  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$56,100

INVESTMENT

$56,100

Down Payment		 $47,500
Rehab Estimate		 $5,750
Closing Costs		 $2,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$701

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $47,500
Loan Amount $142,500
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$17,274

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT

  • $0.96

    LIST RENT PER SQFT

  • $1,654

    COMP ESTIMATED VALUE

  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,5003$1,5204$1,6005$1,600
$1,600
RENT COMPS ANALYSIS
  • 15815 Marble Bluff Lane Houston, TX 3
    • 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 2008
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.96
    •  
  • 6562 Providence View Lane Houston, TX 1
    • 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 2007
    property image
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.97
    •  
  • 15710 Flagstone Walk Way Way Houston, TX 2
    • 3 beds 2 baths ∙ 1,449 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,449 Sqft ∙ Built 2007
    property image
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.04
    •  
  • 15626 Marble Bluff Lane Houston, TX 4
    • 3 beds 2 baths ∙ 1,438 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,438 Sqft ∙ Built 2016
    property image
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.11
    •  
  • 1707 Stieler Drive Houston, TX 5
    • 3 beds 2 baths ∙ 1,523 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,523 Sqft ∙ Built 2010
    property image
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.05
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Edgar Jammer
1.281.441.4252
Jammer Realty
BUYER AGENT
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
SOURCE
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 69367232
Last Updated: 11/27/2020

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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