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1919 Nentwich Lane Houston, TX 77049

5 Beds 4 Baths 2,962 sqft Built 2014

$249,000

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $84.06
  • 6 Days on Market
  • MLS # : 96425677
  • Updated Date : 11/18/2020 at 18:10
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,962 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Sonoma Ranch is one of the most sought-after areas in town. Beautiful two-story home built by Brighton Homes in 2014. What really makes this one stand out is the Character of the home and the floorplan. Original owners kept home in like new condition. This 5 bedroom, 3.5 bath home features immense space, Primary Suite w/ private oasis, Breakfast bar kitchen, and large upstairs Gameroom. Shopping, restaurants, schools and much more only minutes away! Call today to schedule your showing!

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: Channelview

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $73k222k

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

Neighborhood: Channelview

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600Rent in $9101677

* 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
Channelview High School High Regular 2,319 130 4

Channelview High School

  • Education Level: High
  • # of students: 2,319
  • # of teachers: 130
4
GreatSchools Rating
 

$224,100$273,900$249,000

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$919
Property Tax -$632
Property Insurance -$227
HOA -$36
Property Management Fees -$99
CASH FLOW
$177

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$249,000

PROJECTED PRICE

$2,090

PROJECTED RENT

0.84%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.99%
Appreciation Year (1-5) 8.7%
Maintenance Year (1-5) 8.00%
Vacancy 8.01%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$71,735

INVESTMENT

$71,735

Down Payment
$62,250
Rehab Estimate
$5,750
Closing Costs
$3,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$919

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,250
Loan Amount $186,750
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$17,398

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,014

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,745
1$1,7452$1,7503$2,0004$2,0905$2,145
$2,145
RENT COMPS ANALYSIS
  • 1919 Nentwich Lane Houston, TX 4
    • 5 beds 4 baths ∙ 2,962 Sqft ∙ Built 2014 5 beds 4 baths ∙ 2,962 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.71
    •  
  • 16542 Kettlebrook Lane Houston, TX 1
    • 4 beds 3 baths ∙ 2,638 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,638 Sqft ∙ Built 2012
    property image
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.66
    •  
  • 7207 Liberty Mesa Lane Houston, TX 2
    • 4 beds 3 baths ∙ 2,658 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,658 Sqft ∙ Built 2008
    property image
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.66
    •  
  • 15735 Cominsky Drive Houston, TX 3
    • 4 beds 4 baths ∙ 2,980 Sqft ∙ Built 2010 4 beds 4 baths ∙ 2,980 Sqft ∙ Built 2010
    property image
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.67
    •  
  • 1706 Sonoma Breeze Drive Houston, TX 5
    • 4 beds 4 baths ∙ 2,936 Sqft ∙ Built 2010 4 beds 4 baths ∙ 2,936 Sqft ∙ Built 2010
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,145
    • $0.73
    •  
PROPERTY LISTING DETAILS
Bruce Ham
1.832.271.7001
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 #: 96425677
Last Updated: 11/18/2020
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