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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $99.53
- 3 Days on Market
- MLS # : 75365613
- Updated Date : 12/19/2020 at 06:42
CONSTRUCTION
- Beds : 4
- Floor Size : 2,361 sqft
- Baths : 3 full , 1 half
Listing Agent
Jpar - The Sears Group
Listing Agent's Description
BEAUTIFUL HOME in Pines of Atascocita! You don't want to miss this home with stunning custom tile flooring throughout the downstairs. Primary bedroom with an extended sitting area and a guest room located downstairs. Two Stair cases - one leading to the gameroom/media room with an additional nook, and the other leading to two more secondary bedrooms, one full bath and a desk/study area between the two bedrooms. Laundry located upstairs. New roof - Nov. 2020, fresh paint through out, new fence - Nov. 2020. Dimensions are approximate, buyers verify. Great location and price! Schedule your viewing today!
SEE MORE
- 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: Atascocita
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Atascocita
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,900 |
| EXPENSES | Loan Payment | -$867 |
| Property Tax | -$357 | |
| Property Insurance | -$163 | |
| HOA | -$51 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$362
|
||
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
$1,900
PROJECTED RENT
0.81%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.94% |
| Appreciation Year (1-5) | 7.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.80% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$68,025
LOAN DETAILS
$867
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $58,750 |
| Loan Amount | $176,250 |
10.08
YEARS SAVED
$41,094
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,900
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$1,901
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
19307 Pinewood Mist Lane Atascocita, TX 4
- 4 beds 4 baths ∙ 2,361 Sqft ∙ Built 2001 4 beds 4 baths ∙ 2,361 Sqft ∙ Built 2001
![property image]()
- Rent
- Rent Per SQFT
- $1,900
- $0.80
-
8414 Pine Shores Drive Humble, TX 1
- 4 beds 3 baths ∙ 2,386 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,386 Sqft ∙ Built 1982
![property image]()
LEASED 11/20/20- Rent
- Rent Per SQFT
- $1,825
- $0.76
-
19103 Relay Road Humble, TX 2
- 4 beds 3 baths ∙ 2,532 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,532 Sqft ∙ Built 2001
![property image]()
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,850
- $0.73
-
19222 Hikers Trail Drive Humble, TX 3
- 3 beds 3 baths ∙ 2,353 Sqft ∙ Built 1983 3 beds 3 baths ∙ 2,353 Sqft ∙ Built 1983
![property image]()
LEASED 08/19/20- Rent
- Rent Per SQFT
- $1,875
- $0.80
-
19322 Pine Cluster Lane Humble, TX 5
- 4 beds 3 baths ∙ 2,366 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,366 Sqft ∙ Built 1999
![property image]()
LEASED 01/17/20- Rent
- Rent Per SQFT
- $2,200
- $0.93
PROPERTY LISTING DETAILS
1.281.635.4119
Jpar - The Sears Group
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 75365613
Last Updated: 12/19/2020
