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16930 Applecross Lane Houston, TX 77084

3 Beds 2 Baths 1,608 sqft Built 1983

$180,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

$53,450

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+9.3%)
1 YR. PROJ. APPRECIATION


Cap Rate	3.6%
Cash Flow	$1,584
Value Increase	$17,219

10 YEAR

Cash On Cash	-1.0%
Total Return	13.9%

PROPERTY INFO

February 04, 2021 RECENTLY ADDED

FACTS

Single Family
Built In 1983
Price/Sqft : $111.94
4 Days on Market
MLS # : 10219729
Updated Date : 02/05/2021 at 14:19

CONSTRUCTION

Beds : 3
Floor Size : 1,608 sqft
Baths : 2 full

Listing Agent

Exp Realty, Llc

Listing Agent's Description

Welcome to 16930 Applecross Ln located in Glencairn community & zoned to Cypress-Fairbanks ISD! This beautiful home features 3 bedrooms, & 2 full baths. As you walk inside you are welcomed by a formal living room with tile floors, a beautiful custom kitchen with granite countertops, appliances & ample space for storage. Extended cover patio in the backyard perfect for entertaining. Call to book your private tour today!

16931 Applecross Ln

Houston, Texas

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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)

Neighborhood: Glencairn

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

Neighborhood: Glencairn

* 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
Tipps Elementary School	Primary	Regular	1,167	64	6
Watkins Middle School	Middle	Regular	1,305	78	5
Cypress Lakes High School	High	Regular	3,599	210	5

Tipps Elementary School

Education Level: Primary
# of students: 1,167
# of teachers: 64

GreatSchools Rating

Watkins Middle School

Education Level: Middle
# of students: 1,305
# of teachers: 78

GreatSchools Rating

Cypress Lakes High School

Education Level: High
# of students: 3,599
# of teachers: 210

GreatSchools Rating

FINANCIALS

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$162,000$198,00000$180,000

PURCHASE PRICE

$1,260$1,54000$1,400

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	$1,400
EXPENSES	Loan Payment	-$625
	Property Tax	-$380
	Property Insurance	-$136
	HOA	-$27
	Property Management Fees	-$99



CASH FLOW $132

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.

$180,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	2.99%
Appreciation Year (1-5)	9.3%
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

$53,450

Down Payment	$45,000
Rehab Estimate	$5,750
Closing Costs	$2,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$625

MONTHLY LOAN PAYMENT

30 yr

3.75%

25.00%

Down Payment

Term	30 Years
Interest	3.75%
Down Payment	$45,000
Loan Amount	$135,000

See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$12,160

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,400
LIST RENT
$0.87
LIST RENT PER SQFT

$1,415
COMP ESTIMATED VALUE
$0.88
COMP AVG. RENT PER SQFT

Comps Range

$1,400

1$1,4002$1,4253$1,4354$1,4955$1,535

$1,535

RENT COMPS ANALYSIS

1,608
PROPERTY SQFT
$0.88
AVG RENT PER SQFT
$1,415
ESTIMATED VALUE
$1,400
LIST RENT

16930 Applecross Lane Houston, TX 5

3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1983
Price

Price Per SQFT

$180,000

$111.94
16639 Kieth Harrow Boulevard Houston, TX 1

3 beds 2 baths ∙ 1,823 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,823 Sqft ∙ Built 1977
SOLD 11/27/20
Price

Price Per SQFT

$150,500

$82.56
16702 Glamis Lane Houston, TX 2

3 beds 2 baths ∙ 1,777 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,777 Sqft ∙ Built 1976
SOLD 09/17/20
Price

Price Per SQFT

$175,000

$98.48
16803 Kieth Harrow Boulevard Houston, TX 3

3 beds 2 baths ∙ 1,902 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 1976
SOLD 01/15/21
Price

Price Per SQFT

$176,500

$92.80
17054 Gaelicglen Lane Houston, TX 4

4 beds 2 baths ∙ 1,778 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,778 Sqft ∙ Built 1998
SOLD 09/29/20
Price

Price Per SQFT

$180,000

$101.24

16930 Applecross Lane Houston, TX 1

3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1983
Rent

Rent Per SQFT

$1,400

$0.87
16902 Applecross Lane Houston, TX 2

4 beds 2 baths ∙ 1,680 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,680 Sqft ∙ Built 1983
LEASED 05/11/20
Rent

Rent Per SQFT

$1,425

$0.85
5326 Santrey Drive Houston, TX 3

3 beds 3 baths ∙ 1,619 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,619 Sqft ∙ Built 1984
LEASED 12/31/20
Rent

Rent Per SQFT

$1,435

$0.89
5618 Gaffney Lane Houston, TX 4

3 beds 2 baths ∙ 1,794 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 2002
LEASED 05/12/20
Rent

Rent Per SQFT

$1,495

$0.83
17014 Carbridge Drive Houston, TX 5

3 beds 3 baths ∙ 1,624 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,624 Sqft ∙ Built 1996
LEASED 11/01/20
Rent

Rent Per SQFT

$1,535

$0.95

PROPERTY LISTING DETAILS

Stephany Perez
1.832.758.7697
Exp Realty, Llc

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 10219729
Last Updated: 02/05/2021

16930 Applecross Lane Houston, TX 77084

$180,000

$1,400

$53,450

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Tipps Elementary School

Watkins Middle School

Cypress Lakes High School

FINANCIALS

$162,000$198,00000$180,000

$1,260$1,54000$1,400

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$180,000

$1,400

0.78%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$625

6

$12,160

$180,000

$111.94

$150,782

$93.77

COMPS RANGE

PRICE COMPS ANALYSIS

$1,400

$0.87

$1,415

$0.88

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS