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18206 Wren Dale Lane Humble, TX 77346

4 Beds 3 Baths 2,540 sqft Built 2003

$233,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $91.73
  • 4 Days on Market
  • MLS # : 60622151
  • Updated Date : 12/10/2020 at 11:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,540 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ai Realty

Listing Agent's Description

Beautiful 4 bed/2.5 bath Pulte home located on a quiet street with no back neighbors. The home features a spacious formal dining room with beautiful flooring. Kitchen has beautiful granite countertops and kitchen island. All rooms are up. En-suite offers double sinks, large separate shower, jacuzzi bath, and a huge walk-in closet. Close to Atascocita High School, shops, and restaurants. The home is wired with a home security camera system. Refrigerator, washer/dryer all stay with the home -- make this home yours 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: Atasca Woods

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Neighborhood: Atasca Woods

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10722063

* 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
Timbers Elementary School Primary Regular 741 43 7
Atascocita Middle School Middle Regular 1,161 66 6
Atascocita High School High Regular 3,214 182 6

Timbers Elementary School

  • Education Level: Primary
  • # of students: 741
  • # of teachers: 43
7
GreatSchools Rating

Atascocita Middle School

  • Education Level: Middle
  • # of students: 1,161
  • # of teachers: 66
6
GreatSchools Rating

Atascocita High School

  • Education Level: High
  • # of students: 3,214
  • # of teachers: 182
6
GreatSchools Rating
 

$209,700$256,300$233,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$860
Property Tax -$513
Property Insurance -$199
HOA -$48
Property Management Fees -$99
CASH FLOW
$72

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.

$233,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.77%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.5%
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$67,495

INVESTMENT

$67,495

Down Payment
$58,250
Rehab Estimate
$5,750
Closing Costs
$3,495

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$860

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,250
Loan Amount $174,750
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$7,424

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,816

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6953$1,7904$1,8505$1,875
$1,875
RENT COMPS ANALYSIS
  • 18206 Wren Dale Lane Humble, TX 3
    • 4 beds 3 baths ∙ 2,540 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,540 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.70
    •  
  • 18302 Atasca Woods Trace Humble, TX 1
    • 3 beds 3 baths ∙ 2,395 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,395 Sqft ∙ Built 2004
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.67
    •  
  • 18322 Valiant Brook Court Humble, TX 2
    • 3 beds 3 baths ∙ 2,431 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,431 Sqft ∙ Built 2003
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.70
    •  
  • 7722 Trophy Place Drive Humble, TX 4
    • 3 beds 2 baths ∙ 2,476 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,476 Sqft ∙ Built 1997
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.75
    •  
  • 7330 Fuchsia Lane Humble, TX 5
    • 4 beds 3 baths ∙ 2,522 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,522 Sqft ∙ Built 1983
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.74
    •  
PROPERTY LISTING DETAILS
Jermaine Salazar
1.281.753.2767
Ai Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 60622151
Last Updated: 12/10/2020
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