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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $108.80
- 4 Days on Market
- MLS # : 82064938
- Updated Date : 02/06/2021 at 19:32
CONSTRUCTION
- Beds : 4
- Floor Size : 2,068 sqft
- Baths : 2 full , 1 half
Listing Agent
Jla Realty
Listing Agent's Description
Beautiful Upgraded 4/2.5/2 With a Game room two story home with an Open floorplan and High ceilings. Living room has a Fireplace and lots of Natural lighting that opens up to the Dining area and Large kitchen. Kitchen has lovely cabinets, New Granite counter tops and back splash and a wonderful Low Breakfast bar. All NEW Whirlpool Stainless Steal Appliances in the kitchen with a 5 yr warranty. New flooring downstairs in many areas. Large Primary Bedroom downstairs, Double Vanities and HUGE Gorgeous Shower with remarkable flooring along with a walk in closet. Nice size secondary bedrooms and Family Sized Game room. New covered deck and no back neighbors up against your fence. This home is located on a cul de sac street. Some upgrades include: A/C Outside 2016 and inside unit 08/2018. Back yard Deck 05/2018, New Electrical box. No flooding. New Roof Feb 2021! Close to Highway 99 and Hwy 249, Easy access to Beltway 8 and all the stores, movies and shopping.
SEE MORE
- 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: Westbourne
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Westbourne
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,710 |
| EXPENSES | Loan Payment | -$781 |
| Property Tax | -$515 | |
| Property Insurance | -$163 | |
| HOA | -$29 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$122
|
||
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.
$224,990
PROJECTED PRICE
$1,710
PROJECTED RENT
0.76%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 7.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.28% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$65,372
LOAN DETAILS
$781
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $56,248 |
| Loan Amount | $168,743 |
4.33
YEARS SAVED
$9,126
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,710
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$1,804
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
18134 Westlock Court Tomball, TX 2
- 4 beds 3 baths ∙ 2,068 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,068 Sqft ∙ Built 1994
- Rent
- Rent Per SQFT
- $1,710
- $0.83
-
11923 Brantley Haven Drive Tomball, TX 1
- 4 beds 2 baths ∙ 1,906 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,906 Sqft ∙ Built 2002
LEASED 06/08/20- Rent
- Rent Per SQFT
- $1,685
- $0.88
-
12207 Claresholm Drive Tomball, TX 3
- 3 beds 3 baths ∙ 1,958 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,958 Sqft ∙ Built 1999
LEASED 06/09/20- Rent
- Rent Per SQFT
- $1,720
- $0.88
-
18338 Campbellford Drive Tomball, TX 4
- 4 beds 3 baths ∙ 2,034 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,034 Sqft ∙ Built 1994
LEASED 04/18/20- Rent
- Rent Per SQFT
- $1,790
- $0.88
-
12015 Sun Canyon Court Tomball, TX 5
- 4 beds 2 baths ∙ 2,156 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,156 Sqft ∙ Built 2004
LEASED 08/26/20- Rent
- Rent Per SQFT
- $1,825
- $0.85
PROPERTY LISTING DETAILS
1.281.608.0521
Jla Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 82064938
Last Updated: 02/06/2021
