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18331 Atascocita Meadows Drive Humble, TX 77346

3 Beds 2 Baths 1,884 sqft Built 2004

INVESTimate

$194,900

List Price

$1,520

$1,368 - $1,672

Rent Est.

$204,626  ( +4.99%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2004
  • Price/Sqft : $103.45
  • 89 Days on Market
  • MLS # : 51684911
  • Updated Date : 08/23/2020 at 09:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,884 sqft
  • Baths : 2 full
Listing Agent

Remarkable Properties

Listing Agent's Description

MUST SEE - Lovely One-Story 3/2/2 + DINING ROOM + STUDY in Desirable Atascocita! VACANT READY FOR IMMEDIATE MOVE-IN! This Light & Bright Home Features Family Room OPEN to Kitchen/Breakfast - Perfect for Family Living & Entertaining; TWO FLEX SPACES: 1) FRONT ROOM could be used for Formal Dining, Office, Play Room, Second Living area AND 2) STUDY adjoining Primary Suite could be used as Nursery, Hobby Rm, etc; Large Primary Suite w/ Tub & Shower & HUGE Closet; Double-Paned Low-E Windows; NEW Kitchen/Primary Bath Granite Countertops (WHITE cabinets) & NEW Sinks/Faucets; NEW STAINLESS Gas Range, DW & Microwave; NEW Cabinet HW; 2-in Blinds; Wood Laminate Floors -Family Room & Front Flex Rm; NEW Carpet in Bedrms; Tile Floor-Kitchen, Baths & Utility; Fresh Paint Int & Extr; NEW Water Heater; Covered Back Patio; NO BACK NEIGHBORS - WOODED AREA; Fabulous LOCATION - Easy Access to Beltway 8, Interstate 69, Bush Airport, Excellent Shopping & Dining. Never Flooded. Listing Agent is Co-Seller.

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: Atascocita Meadows

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $74k271k

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

Neighborhood: Atascocita Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9101714

* 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
Oak Forest Elementary School Primary Regular 706 47 6
Timberwood Middle School Middle Regular 1,376 81 7
Atascocita High School High Regular 3,214 182 6

Oak Forest Elementary School

  • Education Level: Primary
  • # of students: 706
  • # of teachers: 47
6
GreatSchools Rating

Timberwood Middle School

  • Education Level: Middle
  • # of students: 1,376
  • # of teachers: 81
7
GreatSchools Rating

Atascocita High School

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

$175,410$214,390$194,900

PURCHASE PRICE

$1,368$1,672$1,520

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$719
Property Tax -$463
Property Insurance -$154
HOA -$25
Property Management Fees -$99
CASH FLOW
$60

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$194,900

PROJECTED PRICE

$1,520

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.99%
Appreciation Year (1-5) 4.99%
Maintenance Year (1-5) 8.00%
Vacancy 8.01%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$57,399

INVESTMENT

$57,399

Down Payment
$48,725
Rehab Estimate
$5,750
Closing Costs
$2,924

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$719

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $48,725
Loan Amount $146,175
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$8,249

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,598

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,520
1$1,5202$1,5353$1,5504$1,5505$1,605
$1,605
RENT COMPS ANALYSIS
  • 18331 Atascocita Meadows Drive Humble, TX 1
    • 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.81
    •  
  • 4935 Winding View Lane Lane Humble, TX 2
    • 4 beds 2 baths ∙ 1,826 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,826 Sqft ∙ Built 2004
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,535
    • $0.84
    •  
  • 5018 Steel Meadows Lane Humble, TX 3
    • 3 beds 3 baths ∙ 1,775 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,775 Sqft ∙ Built 2002
    LEASED 05/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.87
    •  
  • 4846 Timber Path Drive Humble, TX 4
    • 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 2002
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.84
    •  
  • 18411 Atascocita Meadows Drive Humble, TX 5
    • 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 2004
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,605
    • $0.86
    •  
PROPERTY LISTING DETAILS
Jodie Mark
1.713.515.8017
Remarkable Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 51684911
Last Updated: 08/23/2020
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