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16531 Twinwalker Drive Houston, TX 77049

3 Beds 2 Baths 1,794 sqft Built 2019

$205,000

List Price

$1,780

$1.6K - $2K

Rent Est.

$56,325

Investment Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $114.27
  • 3 Days on Market
  • MLS # : 49033402
  • Updated Date : 12/11/2020 at 16:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,794 sqft
  • Baths : 2 full
Listing Agent

Utr Texas, Realtors

Listing Agent's Description

~Desirable Neighborhood~Young Three Bedroom Home~Open Floorplan~Perfect for Entertaining~Gently Lived In~WHOLE HOUSE WATER SOFTENING SYSTEM STAYS~Large Island Kitchen~Granite Counters in Kitchen~Stainless Appliances~Large Corner Pantry~Brushed Nickel Fixtures Throughout~Cozy Master Suite~Master Bath~Double Sinks~Soaking Tub~Solid Surface Bathroom Counters~Spacious Bedrooms~All Closets Walk-In~Neighborhood Pool & Clubhouse~Minutes From Sam Houston Tollway~Great for Commuters~School in Walking Distance~Close to Neighborhood Conveniences~Open House Saturday Dec 12th: 12pm to 2pm~

SEE MORE

MARKET HIGHLIGHTS

Houston Market Report
  • 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: Channelview

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $73k222k

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

Neighborhood: Channelview

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600Rent in $9101677

* 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

Learn how to read this

$184,500$225,500$205,000

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING
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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$756
Property Tax -$489
Property Insurance -$148
HOA -$58
Property Management Fees -$99
CASH FLOW
$229

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 11% of earned rent to cover both maintenance and periods of vacancy.

$205,000

PROJECTED PRICE

$1,780

PROJECTED RENT

0.87%

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) 3.00%
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$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$56,325

INVESTMENT

$56,325

Down Payment		 $51,250
Rehab Estimate		 $2,000
Closing Costs		 $3,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$756

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $51,250
Loan Amount $153,750
See What Happens When You Reinvest Cash Flow

7.92

YEARS SAVED

$26,500

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT

  • $0.99

    LIST RENT PER SQFT

  • $1,561

    COMP ESTIMATED VALUE

  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,480
1$1,4802$1,5003$1,6054$1,7005$1,780
$1,780
RENT COMPS ANALYSIS
  • 16531 Twinwalker Drive Houston, TX 5
    • 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.99
    •  
  • 1915 Brushy Ranch Trail Houston, TX 1
    • 3 beds 2 baths ∙ 1,775 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,775 Sqft ∙ Built 2014
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.83
    •  
  • 1622 Mustang Canyon Way Houston, TX 2
    • 4 beds 2 baths ∙ 1,761 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,761 Sqft ∙ Built 2016
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.85
    •  
  • 1618 Mustang Canyon Way Houston, TX 3
    • 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 2016
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,605
    • $0.94
    •  
  • 1922 Mickle Creek Drive Houston, TX 4
    • 3 beds 3 baths ∙ 1,986 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,986 Sqft ∙ Built 2004
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.86
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Gina Warren
1.832.275.7528
Utr Texas, Realtors
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 #: 49033402
Last Updated: 12/11/2020

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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