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17910 Western Pass Lane Houston, TX 77095

4 Beds 2 Baths 2,175 sqft Built 1993

$239,900

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $110.30
  • 2 Days on Market
  • MLS # : 12582829
  • Updated Date : 01/16/2021 at 15:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,175 sqft
  • Baths : 2 full
Listing Agent

Sprout Realty

Listing Agent's Description

This home is located in an established neighborhood full of mature trees and zoned to CFISD schools. The home boasts high ceilings and crown molding in all common areas as well as the primary bedroom. Upgraded laminate flooring throughout as well as a bright open and airy kitchen with an abundance of storage. You will enjoy the size of the primary bedroom, walk in closet and en suite which includes a brand new frameless shower enclosure as well as an oversized jacuzzi tub. All secondary bedrooms are tastefully painted with warm tones and share the newly renovated guest bathroom which includes wood look tile flooring and marble countertops. The exterior of the home has fresh paint and siding (Summer 2018), a brand new roof (Summer 2020), and a brand new hot water heater (January 2021). Along with this, you will enjoy those nice evenings on the custom paved back patio with additional travertine bench seating. This 4 bed 2 bath home has so much to offer. Schedule your showing today!

SEE MORE

MARKET HIGHLIGHTS

  • 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: Copperfield Westcreek Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $99k335k

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

Neighborhood: Copperfield Westcreek Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9692063

* 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
Copeland Elementary School Primary Regular 1,056 56 8
Aragon Middle School Middle Regular 1,548 84 9
Langham Creek High School High Regular 3,211 194 7

Copeland Elementary School

  • Education Level: Primary
  • # of students: 1,056
  • # of teachers: 56
8
GreatSchools Rating

Aragon Middle School

  • Education Level: Middle
  • # of students: 1,548
  • # of teachers: 84
9
GreatSchools Rating

Langham Creek High School

  • Education Level: High
  • # of students: 3,211
  • # of teachers: 194
7
GreatSchools Rating
 

$215,910$263,890$239,900

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$833
Property Tax -$524
Property Insurance -$174
HOA -$62
Property Management Fees -$99
CASH FLOW
$88

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.

$239,900

PROJECTED PRICE

$1,780

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.4%
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$69,324

INVESTMENT

$69,324

Down Payment
$59,975
Rehab Estimate
$5,750
Closing Costs
$3,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$833

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $59,975
Loan Amount $179,925
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$7,030

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
  • $0.82

    LIST RENT PER SQFT
  • $1,805

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,7003$1,7504$1,7755$1,780
$1,780
RENT COMPS ANALYSIS
  • 17910 Western Pass Lane Houston, TX 5
    • 4 beds 2 baths ∙ 2,175 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,175 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.82
    •  
  • 7735 Gable Point Drive Houston, TX 1
    • 4 beds 2 baths ∙ 1,981 Sqft ∙ Built 1989 4 beds 2 baths ∙ 1,981 Sqft ∙ Built 1989
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.81
    •  
  • 7506 Alpine Park Lane Cypress, TX 2
    • 3 beds 2 baths ∙ 1,992 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,992 Sqft ∙ Built 2003
    LEASED 02/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.85
    •  
  • 7418 Rain Meadow Lane Cypress, TX 3
    • 4 beds 2 baths ∙ 2,167 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,167 Sqft ∙ Built 2005
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.81
    •  
  • 17923 Calm Brook Court Houston, TX 4
    • 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 1993
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.85
    •  
PROPERTY LISTING DETAILS
Michael Toth
1.281.770.7274
Sprout Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 12582829
Last Updated: 01/16/2021
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