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19410 Forest Timbers Court Humble, TX 77346

4 Beds 3 Baths 2,960 sqft Built 1980

$222,500

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $75.17
  • 2 Days on Market
  • MLS # : 77080909
  • Updated Date : 11/21/2020 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,960 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jla Realty

Listing Agent's Description

Come see this meticulously maintained home in a well established neighborhood nestled on a spacious lot on a cul de sac street. Features include well maintained landscaping, an open study, formal dining, large family room with gorgeous built in storage, a chef's dream kitchen with Electrolux ovens and 2 staircases that lead to the upstairs area. This home has it all including a wet bar area perfect for all your entertaining. The game room is located upstairs for additional entertaining along with the spacious primary suite and 3 large secondary bedrooms featuring crown molding with lots closet space. Water heater replaced 2020. Dishwasher and microwave replaced 2019. All carpets cleaned and stretched Nov. 2020. Blown in insulation and radiant barrier in attic to increase the homes efficiency. Never flooded! Community pool and recreation area just around the corner! Conveniently located near shopping and dining and quick access to IAH and Beltway. Make your appt to view this home today!

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: Oaks of Atascocita

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $113k305k

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

Neighborhood: Oaks of Atascocita

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10722063

* 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
Oaks Elementary School Primary Regular 563 37 6
Timberwood Middle School Middle Regular 1,376 81 7
Atascocita High School High Regular 3,214 182 6

Oaks Elementary School

  • Education Level: Primary
  • # of students: 563
  • # of teachers: 37
6
GreatSchools Rating

Timberwood Middle School

  • Education Level: Middle
  • # of students: 1,376
  • # of teachers: 81
7
GreatSchools Rating

Atascocita High School

  • Education Level: High
  • # of students: 3,214
  • # of teachers: 182
6
GreatSchools Rating
 

$200,250$244,750$222,500

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$821
Property Tax -$529
Property Insurance -$227
HOA -$40
Property Management Fees -$99
CASH FLOW
$114

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.

$222,500

PROJECTED PRICE

$1,830

PROJECTED RENT

0.82%

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$700k

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$64,713

INVESTMENT

$64,713

Down Payment
$55,625
Rehab Estimate
$5,750
Closing Costs
$3,338

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$821

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $55,625
Loan Amount $166,875
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$9,212

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.62

    LIST RENT PER SQFT
  • $1,946

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,830
1$1,8302$1,8683$1,9004$2,0005$2,143
$2,143
RENT COMPS ANALYSIS
  • 19410 Forest Timbers Court Humble, TX 1
    • 4 beds 3 baths ∙ 2,960 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,960 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.62
    •  
  • 5918 Gnarled Oaks Court Humble, TX 2
    • 4 beds 3 baths ∙ 2,993 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,993 Sqft ∙ Built 1983
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,868
    • $0.62
    •  
  • 19806 Big Timber Drive Humble, TX 3
    • 3 beds 3 baths ∙ 3,018 Sqft ∙ Built 1989 3 beds 3 baths ∙ 3,018 Sqft ∙ Built 1989
    LEASED 05/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.63
    •  
  • 5923 Caelwood Drive Humble, TX 4
    • 3 beds 3 baths ∙ 3,009 Sqft ∙ Built 1989 3 beds 3 baths ∙ 3,009 Sqft ∙ Built 1989
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.66
    •  
  • 5502 Atascocita Timbers Humble, TX 5
    • 4 beds 3 baths ∙ 2,974 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,974 Sqft ∙ Built 1997
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,143
    • $0.72
    •  
PROPERTY LISTING DETAILS
Toni Moss
1.281.948.9066
Jla Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 77080909
Last Updated: 11/21/2020
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