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18803 Dural Drive Houston, TX 77094

4 Beds 3 Baths 2,661 sqft Built 2004

$344,990

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $129.65
  • 4 Days on Market
  • MLS # : 19438030
  • Updated Date : 02/05/2021 at 08:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,661 sqft
  • Baths : 2 full , 1 half
Listing Agent

Alphamax Realty Inc.

Listing Agent's Description

A gorgeous 4 bed 2 1/2 bath home in highly desired Krystal Lake Estates. Impeccably maintained with recent updates. Fresh new paint, new fence, and water heater. Very versatile floor plan on a beautiful corner lot leading to a small cul-de-sac. Open concept living area, spacious kitchen featuring granite countertops, backsplash, stainless steel appliances. open to a 2-story den. Gleaming wood floors throughout. Tiles in the wet areas. Large sleek master suite with bay windows and a spacious bath and closets. Huge Gameroom space upstairs located between 3 more ample bedrooms, w private walk-in closets. 4th bedroom can be used as an office, exercise room, or child's retreat. Zoned to great Katy ISD schools. This is truly a must-see. Never flooded! Room sizes are estimates. Please verify independently.

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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: Krystal Lake Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $99k374k

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

Neighborhood: Krystal Lake Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9692323

* 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
Pattison Elementary School Primary Regular 825 53 10
Mcmeans Junior High School Middle Regular 1,081 66 9
Taylor High School High Regular 2,943 156 9

Pattison Elementary School

  • Education Level: Primary
  • # of students: 825
  • # of teachers: 53
10
GreatSchools Rating

Mcmeans Junior High School

  • Education Level: Middle
  • # of students: 1,081
  • # of teachers: 66
9
GreatSchools Rating

Taylor High School

  • Education Level: High
  • # of students: 2,943
  • # of teachers: 156
9
GreatSchools Rating
 

$310,491$379,489$344,990

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$1,198
Property Tax -$771
Property Insurance -$207
HOA -$46
Property Management Fees -$99
CASH FLOW
$19

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.

$344,990

PROJECTED PRICE

$2,340

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 2.8%
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$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,172

INVESTMENT

$97,172

Down Payment
$86,248
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,198

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,248
Loan Amount $258,743
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$5,550

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,340

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,521

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,245
1$2,2452$2,3003$2,3404$2,5005$2,800
$2,800
RENT COMPS ANALYSIS
  • 18803 Dural Drive Houston, TX 3
    • 4 beds 3 baths ∙ 2,661 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,661 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,340
    • $0.88
    •  
  • 415 Spring Trace Court Houston, TX 1
    • 3 beds 2 baths ∙ 2,524 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,524 Sqft ∙ Built 2000
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,245
    • $0.89
    •  
  • 19407 Shawnway Lane Houston, TX 2
    • 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 1993
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.93
    •  
  • 218 Heathbrook Lane Houston, TX 4
    • 4 beds 3 baths ∙ 2,565 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,565 Sqft ∙ Built 1996
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.97
    •  
  • 215 Wild Oak Run Houston, TX 5
    • 3 beds 3 baths ∙ 2,788 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,788 Sqft ∙ Built 1997
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.00
    •  
PROPERTY LISTING DETAILS
Hongyan Liu
1.832.480.0848
Alphamax Realty Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 19438030
Last Updated: 02/05/2021
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