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18139 Eganville Circle Tomball, TX 77377

4 Beds 2 Baths 2,004 sqft Built 1997

$245,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $122.26
  • 3 Days on Market
  • MLS # : 82176745
  • Updated Date : 01/22/2021 at 23:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,004 sqft
  • Baths : 2 full
Listing Agent

Jpar - The Sears Group

Listing Agent's Description

Beautiful Fully Remodeled Designer One Story, 4/2/2 New 30 Yr Roof, New Full Re-Pipe Pex Plumbing, New Luxury Vinyl Plank Flooring, 50 Oz Carpet in Bedrooms with 8 Lb. Pad. New All Wood Designer Kitchen and Bathroom Cabinets, Quartz Countertops, Farm Sink, Open Concept, New Custom Shower (primary) New Custom Tub and Shower Surround (Hall Bath) New Vanity Cabinets, Mirrors Light Fixtures. New Doors and Wood Trim Too much to list. Bring your Picky Buyers. Agent/Owner.

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: Westbourne

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $89k305k

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

Neighborhood: Westbourne

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8552063

* 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
Northpointe Intermediate School Primary Regular 1,012 58 9
Northpointe Intermediate School Middle Regular 1,012 58 9
Tomball Memorial High School High Regular 1,942 103 9

Northpointe Intermediate School

  • Education Level: Primary
  • # of students: 1,012
  • # of teachers: 58
9
GreatSchools Rating

Northpointe Intermediate School

  • Education Level: Middle
  • # of students: 1,012
  • # of teachers: 58
9
GreatSchools Rating

Tomball Memorial High School

  • Education Level: High
  • # of students: 1,942
  • # of teachers: 103
9
GreatSchools Rating
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$851
Property Tax -$561
Property Insurance -$159
HOA -$29
Property Management Fees -$99
CASH FLOW
$71

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.

$245,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

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$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$851

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$6,425

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,809

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,720
1$1,7202$1,7503$1,7704$1,7905$1,800
$1,800
RENT COMPS ANALYSIS
  • 18139 Eganville Circle Tomball, TX 3
    • 4 beds 2 baths ∙ 2,004 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,004 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.88
    •  
  • 12207 Claresholm Drive Tomball, TX 1
    • 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
    •  
  • 12331 Westwold Drive Tomball, TX 2
    • 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 1996
    LEASED 01/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.93
    •  
  • 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
    •  
  • 18223 Lundar Lane Tomball, TX 5
    • 3 beds 2 baths ∙ 1,964 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,964 Sqft ∙ Built 1998
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.92
    •  
PROPERTY LISTING DETAILS
Michael Gray
1.281.937.4567
Jpar - The Sears Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 82176745
Last Updated: 01/22/2021
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