Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

18718 Summer Anne Drive Humble, TX 77346

5 Beds 4 Baths 2,644 sqft Built 2000

$249,900

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $94.52
  • 3 Days on Market
  • MLS # : 74575858
  • Updated Date : 11/21/2020 at 10:44
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,644 sqft
  • Baths : 3 full , 1 half
Listing Agent

Jla Realty

Listing Agent's Description

THIS IS THE HOUSE YOU DON'T WANT TO MISS! Gorgeously updated 5 bedroom / 3.5 bath home in the heart of Atascocita. FRESH INTERIOR PAINT & NEW CARPET! Wood-like tile flooring in all common areas on the ground floor. Large living area with charming fireplace. Chef's dream kitchen features tons of upgrades from granite counter tops, tile back-splash, 42" cabinets, 2017 stainless steel refrigerator, and brand new microwave & dishwasher. Spacious master suite is on the ground floor with spa-like bath retreat featuring separate tub & shower, double-sink with granite vanity tops, and frameless shower glass. Gameroom is located upstairs for additional entertaining space along with 4 large secondary bedrooms with lots of closet space and 2 updated full baths for the family to share. One A/C replaced 2019. Automatic sprinkler system for the yard. Convenient location and zoned to desirable Atascocita schools in highly-acclaimed Humble ISD! Call for an appointment today!

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: Atascocita South

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $105k269k

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

Neighborhood: Atascocita South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550160016501700Rent in $10421714

* 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
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$922
Property Tax -$550
Property Insurance -$206
HOA -$36
Property Management Fees -$99
CASH FLOW
$117

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.

$249,900

PROJECTED PRICE

$1,930

PROJECTED RENT

0.77%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 6.7%
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$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$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$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$12,148

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,917

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8203$1,8954$1,9305$1,995
$1,995
RENT COMPS ANALYSIS
  • 18718 Summer Anne Drive Humble, TX 4
    • 5 beds 4 baths ∙ 2,644 Sqft ∙ Built 2000 5 beds 4 baths ∙ 2,644 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.73
    •  
  • 18711 Summer Anne Drive Humble, TX 1
    • 4 beds 3 baths ∙ 2,536 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,536 Sqft ∙ Built 2000
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.69
    •  
  • 18611 Atasca South Drive Humble, TX 2
    • 4 beds 3 baths ∙ 2,560 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,560 Sqft ∙ Built 2000
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.71
    •  
  • 18615 Timber Twist Drive Humble, TX 3
    • 4 beds 3 baths ∙ 2,710 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,710 Sqft ∙ Built 1998
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.70
    •  
  • 18707 Timber Spring Drive Humble, TX 5
    • 5 beds 3 baths ∙ 2,496 Sqft ∙ Built 1995 5 beds 3 baths ∙ 2,496 Sqft ∙ Built 1995
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.80
    •  
PROPERTY LISTING DETAILS
Wen-ching Muzzarelli
1.832.549.7802
Jla Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 74575858
Last Updated: 11/21/2020
BESbswy