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1902 Willowbend Drive Deer Park, TX 77536

3 Beds 2 Baths 1,432 sqft Built 1982

$195,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $136.17
  • 2 Days on Market
  • MLS # : 43839038
  • Updated Date : 11/21/2020 at 11:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,432 sqft
  • Baths : 2 full
Listing Agent

Century Properties Real Estate

Listing Agent's Description

NEVER FLOODED! Energy efficient, open concept home in a quiet Deer Park neighborhood. This 3 bedrooms, 2 full bath home is in the heart of Westside Manor, just one block from the Battleground Golf Course. It has granite throughout the kitchen and bathrooms. A newly installed ceramic wood-look floors and a custom-built bookcase around the wood burning fireplace. You will enjoy the large covered patio and large back yard with your family and the family-friendly residents of Westside Manor. The home also features a double garage, new privacy fence, recently trimmed large Ash trees and energy efficient double pane windows that will save you money on cooling and heating. The high ceilings, new ceiling fans and beautiful moulding makes this home ‘a must see today’! Call 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: Westside Manor

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $100k305k

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

Neighborhood: Westside Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9352063

* 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
Carpenter Elementary School Primary Regular 814 53 7
Bonnette Junior High School Middle Regular 775 47 5
Deer Park High School South Campus High Regular 4,103 258 6

Carpenter Elementary School

  • Education Level: Primary
  • # of students: 814
  • # of teachers: 53
7
GreatSchools Rating

Bonnette Junior High School

  • Education Level: Middle
  • # of students: 775
  • # of teachers: 47
5
GreatSchools Rating

Deer Park High School South Campus

  • Education Level: High
  • # of students: 4,103
  • # of teachers: 258
6
GreatSchools Rating
 

$175,500$214,500$195,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$719
Property Tax -$499
Property Insurance -$124
Property Management Fees -$99
CASH FLOW
$168

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.

$195,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.83%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 7.3%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$57,425

INVESTMENT

$57,425

Down Payment
$48,750
Rehab Estimate
$5,750
Closing Costs
$2,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% 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 $48,750
Loan Amount $146,250
See What Happens When You Reinvest Cash Flow

5.75

YEARS SAVED

$14,737

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,607

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,365
1$1,3652$1,4003$1,6104$1,6255$1,650
$1,650
RENT COMPS ANALYSIS
  • 1902 Willowbend Drive Deer Park, TX 3
    • 3 beds 2 baths ∙ 1,432 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,432 Sqft ∙ Built 1982
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $1.12
    •  
  • 1201 Brookhollow Drive Deer Park, TX 1
    • 3 beds 2 baths ∙ 1,258 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,258 Sqft ∙ Built 1977
    property image
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,365
    • $1.09
    •  
  • 4150 Alecia Drive Pasadena, TX 2
    • 3 beds 2 baths ∙ 1,252 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,252 Sqft ∙ Built 1978
    property image
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.12
    •  
  • 1801 Whitebriar Drive Deer Park, TX 4
    • 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1982
    property image
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.16
    •  
  • 4114 Venetian Way Pasadena, TX 5
    • 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 1972
    property image
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.12
    •  
PROPERTY LISTING DETAILS
Rose Showalter
1.713.478.6465
Century Properties Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 43839038
Last Updated: 11/21/2020
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