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17406 Mapletrail Drive Houston, TX 77084

4 Beds 3 Baths 2,040 sqft Built 1981

$225,000

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $110.29
  • 6 Days on Market
  • MLS # : 32567097
  • Updated Date : 01/21/2021 at 14:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,040 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Signature

Listing Agent's Description

Property will be ready for showing by 02.01.2021. This gorgeous home is located in the Mayde Creek Farm; a quiet neighborhood in the Award Winning Katy ISD. Lot's of upgrades in this incredible home with 2 Story, 4 Bedrooms, 2.5 Bath located on a Cul De Sac Lot with an underground sprinkler system. The roof is fairly new, pec plumbing, recent water heater, fresh paint throughout the interior and exterior, a brand new vanity in the Master Bath, and an updated Master Shower. Inside, the home features large vaulted family room with brick fireplace, new tile flooring in the kitchen, wood flooring throughout downstairs, and a brand new carpet will be installed in the Master Bedroom. The light and bright kitchen opens up to the breakfast nook, stainless steel appliances, new cabinets, sink, garbage disposal and granite counter tops. Walking distance to Cullen Park. Nearby groceries, entertainment, shopping & West Houston Medical Center, with easy access to I-10.

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: Mayde Creek Farms

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $74k222k

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

Neighborhood: Mayde Creek Farms

NeighborhoodNIR 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
Schmalz Elementary School Primary Regular 1,163 85 6
Mayde Creek Junior High School Middle Regular 1,141 84 8
Mayde Creek High School High Regular 2,755 158 7

Schmalz Elementary School

  • Education Level: Primary
  • # of students: 1,163
  • # of teachers: 85
6
GreatSchools Rating

Mayde Creek Junior High School

  • Education Level: Middle
  • # of students: 1,141
  • # of teachers: 84
8
GreatSchools Rating

Mayde Creek High School

  • Education Level: High
  • # of students: 2,755
  • # of teachers: 158
7
GreatSchools Rating
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$782
Property Tax -$474
Property Insurance -$165
HOA -$43
Property Management Fees -$99
CASH FLOW
$77

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.

$225,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.99%
Appreciation Year (1-5) 7.3%
Maintenance Year (1-5) 8.00%
Vacancy 8.01%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$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$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$782

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$8,824

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,749

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,475
1$1,4752$1,5953$1,6404$1,6905$1,695
$1,695
RENT COMPS ANALYSIS
  • 17406 Mapletrail Drive Houston, TX 3
    • 4 beds 3 baths ∙ 2,040 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,040 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.80
    •  
  • 1927 Wingleaf Drive Houston, TX 1
    • 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 1979
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.79
    •  
  • 17515 Sundrop Lane Houston, TX 2
    • 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 1982
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.91
    •  
  • 2014 Waterelm Drive Houston, TX 4
    • 4 beds 2 baths ∙ 1,997 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,997 Sqft ∙ Built 1978
    LEASED 04/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.85
    •  
  • 1930 Pepperwood Lane Houston, TX 5
    • 4 beds 2 baths ∙ 1,918 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,918 Sqft ∙ Built 1980
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.88
    •  
PROPERTY LISTING DETAILS
Ishfaque Hossain
1.832.283.3390
Keller Williams Signature
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 32567097
Last Updated: 01/21/2021
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