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19514 Bold River Road Tomball, TX 77375

3 Beds 3 Baths 2,249 sqft Built 2009

$210,000

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $93.37
  • 3 Days on Market
  • MLS # : 29345089
  • Updated Date : 03/20/2021 at 13:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,249 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bhgre Gary Greene

Listing Agent's Description

This home offers plenty of open concept living space with a large family room and a flexible space downstairs (currently used as a home office). The convenient kitchen comes complete with gas appliances and a breakfast bar. The attached dining area allows plenty of room for entertaining family and friends. Upstairs, you will find a centralized gameroom for TV, games, or arts and crafts. There is no carpet upstairs! Stylish, wood-look luxury vinyl plank has been installed for low-maintenance living. The huge primary suite is complete with a private, spacious bathroom boasting a separate tub and shower along with a nice vanity and double sinks. The walk-in closet in the primary room is enormous! Another bonus that comes with this home is that you will have no back neighbors! The location is excellent for commuting and there are plenty of shopping and entertainment choices nearby. Zoned to desirable Klein ISD schools.

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: Northern Point

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $105k278k

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

Neighborhood: Northern Point

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9371905

* 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 Unknown 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
 

$189,000$231,000$210,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$729
Property Tax -$518
Property Insurance -$175
HOA -$33
Property Management Fees -$99
CASH FLOW
$135

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.

$210,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.80%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
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$61,400

INVESTMENT

$61,400

Down Payment
$52,500
Rehab Estimate
$5,750
Closing Costs
$3,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$729

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,500
Loan Amount $157,500
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$9,933

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,827

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,690
1$1,6902$1,6953$1,7004$1,7255$2,000
$2,000
RENT COMPS ANALYSIS
  • 19514 Bold River Road Tomball, TX 1
    • 4 beds 3 baths ∙ 2,249 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,249 Sqft ∙ Built 2009
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.75
    •  
  • 19711 Waterflower Drive Tomball, TX 2
    • 4 beds 3 baths ∙ 2,220 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,220 Sqft ∙ Built 2003
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.76
    •  
  • 10842 Harston Drive Tomball, TX 3
    • 4 beds 2 baths ∙ 2,058 Sqft ∙ Built 2013 4 beds 2 baths ∙ 2,058 Sqft ∙ Built 2013
    property image
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.83
    •  
  • 11307 Flying Geese Lane Tomball, TX 4
    • 3 beds 3 baths ∙ 2,096 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,096 Sqft ∙ Built 2005
    property image
    LEASED 02/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.82
    •  
  • 10619 Maidstone Manor Court Spring, TX 5
    • 4 beds 2 baths ∙ 2,375 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,375 Sqft ∙ Built 2003
    property image
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.84
    •  
PROPERTY LISTING DETAILS
Lucia Clark
1.832.492.6575
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 #: 29345089
Last Updated: 03/20/2021
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