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19343 Bold River Road Tomball, TX 77375

3 Beds 3 Baths 1,803 sqft Built 2006

$200,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $110.93
  • 5 Days on Market
  • MLS # : 6742414
  • Updated Date : 11/04/2020 at 23:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,803 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty World Memorial

Listing Agent's Description

Welcome home! This Beautiful 2 story home offers 3 bedrooms and 2.5 baths with a study/office. Located in the Northern Point Subdivision in Tomball with an ample space of 1803 sq. ft. and recently update paint and flooring downstairs with an abundance of natural lighting. All bedrooms including the primary bedroom are upstairs. The home features a fenced backyard which makes it fun for entertainment or play time outside. The property is close to shopping centers, restaurants, with easy access to HWY 99 and HWY 249. Make plans to visit your forever home today.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Houston metro employment growth is at 1.8% and predicted to grow to 2.7% in 2019-20 (USMayors.org, 2018)

PRICE & RENT TRENDS

Zip Code: 77375

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Zip Code: 77375

ZipNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10562063

* 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
Blackshear Elementary School Primary Regular 972 59 6
Ulrich Intermediate School Middle Regular 1,118 76 6
Klein Cain High School High Regular NA

Blackshear Elementary School

  • Education Level: Primary
  • # of students: 972
  • # of teachers: 59
6
GreatSchools Rating

Ulrich Intermediate School

  • Education Level: Middle
  • # of students: 1,118
  • # of teachers: 76
6
GreatSchools Rating

Klein Cain High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$180,000$220,000$200,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$738
Property Tax -$493
Property Insurance -$146
HOA -$31
Property Management Fees -$99
CASH FLOW
$143

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.

$200,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.83%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 6.2%
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

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$58,750

INVESTMENT

$58,750

Down Payment
$50,000
Rehab Estimate
$5,750
Closing Costs
$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$738

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $50,000
Loan Amount $150,000
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$12,062

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,672

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6003$1,6504$1,6505$1,800
$1,800
RENT COMPS ANALYSIS
  • 19343 Bold River Road Tomball, TX 4
    • 3 beds 3 baths ∙ 1,803 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,803 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.92
    •  
  • 11438 Seven Sisters Drive Tomball, TX 1
    • 3 beds 3 baths ∙ 1,712 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,712 Sqft ∙ Built 2005
    property image
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.88
    •  
  • 19339 Bold River Road Tomball, TX 2
    • 3 beds 3 baths ∙ 1,612 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,612 Sqft ∙ Built 2007
    property image
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.99
    •  
  • 11423 Baldwin Spruce Trail Tomball, TX 3
    • 3 beds 2 baths ∙ 1,810 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,810 Sqft ∙ Built 2012
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.91
    •  
  • 1226 Dunston Falls Drive Spring, TX 5
    • 3 beds 2 baths ∙ 1,928 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,928 Sqft ∙ Built 2005
    property image
    LEASED 11/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.93
    •  
PROPERTY LISTING DETAILS
Olgaliydia Pena
1.832.445.5601
Realty World Memorial
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 6742414
Last Updated: 11/04/2020
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