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18219 Sea Branch Drive Houston, TX 77084

4 Beds 3 Baths 2,831 sqft Built 2005

$182,530

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $64.48
  • 5 Days on Market
  • MLS # : 28341190
  • Updated Date : 01/08/2021 at 14:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,831 sqft
  • Baths : 2 full , 1 half
Listing Agent

Alta Realty Company, Llc

Listing Agent's Description

Beautiful 4 bedroom, 2.5 bathroom home located in stunning Katy, Texas! This home provides easy access to shopping, dining, entertainment, and much more. Home is zoned to the acclimated award winning Katy ISD. This home features a gorgeous kitchen awaiting you to release your inner chef. Enjoy the spacious backyard perfect for family gatherings and all types of activities. Check this home out today before it's too late!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Houston metro contributes to 29.5% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Barkers Branch

NeighborhoodNIR Market*CityMarket2010Year20002019100k110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $99k242k

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

Neighborhood: Barkers Branch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001050110011501200125013001350140014501500155016001650Rent in $9691698

* 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
 

$164,277$200,783$182,530

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 -$634
Property Tax -$489
Property Insurance -$219
HOA -$40
Property Management Fees -$99
CASH FLOW
$310

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.

$182,530

PROJECTED PRICE

$1,790

PROJECTED RENT

0.98%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 8.5%
Maintenance Year (1-5) 8.00%
Vacancy 8.80%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$54,120

INVESTMENT

$54,120

Down Payment
$45,633
Rehab Estimate
$5,750
Closing Costs
$2,738

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$634

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $45,633
Loan Amount $136,898
See What Happens When You Reinvest Cash Flow

9.08

YEARS SAVED

$23,175

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
  • $0.63

    LIST RENT PER SQFT
  • $1,791

    COMP ESTIMATED VALUE
  • $0.63

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7903$1,8004$1,8505$1,875
$1,875
RENT COMPS ANALYSIS
  • 18219 Sea Branch Drive Houston, TX 2
    • 4 beds 3 baths ∙ 2,831 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,831 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.63
    •  
  • 3614 Rowlock Vine Drive Houston, TX 1
    • 4 beds 3 baths ∙ 2,819 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,819 Sqft ∙ Built 2006
    property image
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.59
    •  
  • 18323 Thicket Grove Road Houston, TX 3
    • 4 beds 4 baths ∙ 3,011 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,011 Sqft ∙ Built 2006
    property image
    LEASED 11/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.60
    •  
  • 3539 Marquesa Lane Houston, TX 4
    • 4 beds 3 baths ∙ 2,870 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,870 Sqft ∙ Built 2018
    property image
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.64
    •  
  • 18303 Sable Tree Drive Houston, TX 5
    • 4 beds 3 baths ∙ 2,688 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,688 Sqft ∙ Built 2005
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.70
    •  
PROPERTY LISTING DETAILS
Rochelle Jones
1.832.637.3700
Alta Realty Company, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 28341190
Last Updated: 01/08/2021
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