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1905 Eastwind Drive Deer Park, TX 77536

3 Beds 2 Baths 1,542 sqft Built 1984

$205,000

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $132.94
  • 6 Days on Market
  • MLS # : 16776807
  • Updated Date : 01/07/2021 at 11:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,542 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Updated with modern charm, this 3-bed/ 2-bath home is looking for new owners. Renovations done in 2020 include interior paint, wood-like tile, baseboards, and a new dishwasher. Plus a new roof replacement in Dec 2020! Spacious living area with a fireplace. Located in Deer Park, next to the Battleground Golf Course with easy access to Beltway 8. Schedule a showing before it's gone!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Houston metro contributes to 29.5% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Erin Glen

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $100k305k

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

Neighborhood: Erin Glen

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9462063

* 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
San Jacinto Elementary School Primary Regular 947 56 8
Deer Park Junior High School Middle Regular 833 51 9
Deer Park High School South Campus High Regular 4,103 258 6

San Jacinto Elementary School

  • Education Level: Primary
  • # of students: 947
  • # of teachers: 56
8
GreatSchools Rating

Deer Park Junior High School

  • Education Level: Middle
  • # of students: 833
  • # of teachers: 51
9
GreatSchools Rating

Deer Park High School South Campus

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

$184,500$225,500$205,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$712
Property Tax -$525
Property Insurance -$131
Property Management Fees -$99
CASH FLOW
$223

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.

$205,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.82%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.8%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$60,075

INVESTMENT

$60,075

Down Payment
$51,250
Rehab Estimate
$5,750
Closing Costs
$3,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$712

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $51,250
Loan Amount $153,750
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$16,441

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,692

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,475
1$1,4752$1,6253$1,6904$1,7255$1,975
$1,975
RENT COMPS ANALYSIS
  • 1905 Eastwind Drive Deer Park, TX 3
    • 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $1.10
    •  
  • 1010 James Street Deer Park, TX 1
    • 3 beds 2 baths ∙ 1,394 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,394 Sqft ∙ Built 1968
    property image
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.06
    •  
  • 1801 Whitebriar Drive Deer Park, TX 2
    • 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
    •  
  • 1606 Byron Avenue Deer Park, TX 4
    • 3 beds 2 baths ∙ 1,733 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,733 Sqft ∙ Built 1968
    property image
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $1.00
    •  
  • 2017 Eastwind Drive Deer Park, TX 5
    • 3 beds 3 baths ∙ 1,685 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,685 Sqft ∙ Built 1984
    property image
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.17
    •  
PROPERTY LISTING DETAILS
Ozzie Ramirez
1.281.968.8444
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 16776807
Last Updated: 01/07/2021
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