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18314 Hillingdon Lane Tomball, TX 77377

4 Beds 2 Baths 1,682 sqft Built 2013

INVESTimate

$220,000

List Price

$1,640

$1,476 - $1,804

Rent Est.

$230,054  ( +4.57%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2013
  • Price/Sqft : $130.80
  • 3 Days on Market
  • MLS # : 94491886
  • Updated Date : 08/24/2020 at 16:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,682 sqft
  • Baths : 2 full
Listing Agent

Bhgre Gary Greene

Listing Agent's Description

Great home in Northpointe, walking distance from Northpointe Intermediate and Willowcreek Elementary in Tomball ISD. Private back yard space with small patio, spacious living area, nice kitchen, this is a wonderful home for those just starting out, or someone wanting to downsize. Conveniently located with easy access to SH 249, the Grand Parkway, Beltway 8, and the Vintage shops and restaurants. You'll love living in this small neighborhood, with so much accessible to you. Welcome home!

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

Zip Code: 77377

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Zip Code: 77377

ZipNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10722130

* 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
 

$198,000$242,000$220,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$812
Property Tax -$504
Property Insurance -$138
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.

$220,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.57%
Maintenance Year (1-5) 8.00%
Vacancy 9.28%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$812

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$9,521

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,711

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,580
1$1,5802$1,6403$1,6504$1,6955$1,745
$1,745
RENT COMPS ANALYSIS
  • 18314 Hillingdon Lane Tomball, TX 2
    • 4 beds 2 baths ∙ 1,682 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,682 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.98
    •  
  • 11927 Oakner Drive Tomball, TX 1
    • 4 beds 3 baths ∙ 1,724 Sqft ∙ Built 1993 4 beds 3 baths ∙ 1,724 Sqft ∙ Built 1993
    property image
    LEASED 09/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.92
    •  
  • 12147 Bowsman Drive Tomball, TX 3
    • 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 1994
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.05
    •  
  • 12011 Northpointe Meadows Drive Tomball, TX 4
    • 4 beds 2 baths ∙ 1,628 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,628 Sqft ∙ Built 2016
    property image
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.04
    •  
  • 18331 Hillingdon Lane Tomball, TX 5
    • 4 beds 2 baths ∙ 1,640 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,640 Sqft ∙ Built 2014
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $1.06
    •  
PROPERTY LISTING DETAILS
Susan Cline
1.713.705.3053
Bhgre Gary Greene
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 94491886
Last Updated: 08/24/2020
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