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19182 Painted Boulevard Porter, TX 77365

4 Beds 3 Baths 2,328 sqft Built 2013

$235,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $100.95
  • 3 Days on Market
  • MLS # : 91477474
  • Updated Date : 01/23/2021 at 11:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,328 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bhgre Gary Greene

Listing Agent's Description

Wonderful 1 story home with 4 bedrooms, 2.5 baths and a large flex room. Home is spacious and boasts tons of storage, large walk-in pantry, butlers pantry, and in-house utility room. Very spacious plan with high ceilings and is open from kitchen to living. Primary bath has separate garden tub and shower. Enjoy the covered back patio with green space behind fence and no direct back neighbors. Perfect for entertaining! Ask your agent about allowances.

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

Zip Code: 77365

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240kPrice in $105k254k

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

Zip Code: 77365

ZipNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8761692

* 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
Robert Crippen Elementary School Primary Regular 840 49 3
White Oak Middle School Middle Regular 784 53 4
Porter High School High Regular 1,677 118 4

Robert Crippen Elementary School

  • Education Level: Primary
  • # of students: 840
  • # of teachers: 49
3
GreatSchools Rating

White Oak Middle School

  • Education Level: Middle
  • # of students: 784
  • # of teachers: 53
4
GreatSchools Rating

Porter High School

  • Education Level: High
  • # of students: 1,677
  • # of teachers: 118
4
GreatSchools Rating
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$816
Property Tax -$471
Property Insurance -$162
HOA -$33
Property Management Fees -$99
CASH FLOW
$159

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.

$235,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 4.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$816

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$14,025

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,746

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,725
1$1,7252$1,7403$1,7504$1,795
$1,795
RENT COMPS ANALYSIS
  • 19182 Painted Boulevard Porter, TX 2
    • 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.75
    •  
  • 19146 Painted Boulevard Porter, TX 1
    • 4 beds 3 baths ∙ 2,481 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,481 Sqft ∙ Built 2014
    LEASED 09/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.70
    •  
  • 19230 Shire Horse Boulevard Porter, TX 3
    • 4 beds 3 baths ∙ 2,085 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,085 Sqft ∙ Built 2015
    LEASED 08/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.84
    •  
  • 19226 Silver Dapple Drive Porter, TX 4
    • 4 beds 3 baths ∙ 2,518 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,518 Sqft ∙ Built 2014
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.71
    •  
PROPERTY LISTING DETAILS
Amy Snyder
1.832.527.7168
Bhgre Gary Greene
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 91477474
Last Updated: 01/23/2021
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