Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1980
- Price/Sqft : $113.39
- 5 Days on Market
- MLS # : 35816318
- Updated Date : 01/16/2021 at 12:20
CONSTRUCTION
- Beds : 3
- Floor Size : 1,763 sqft
- Baths : 2 full
Listing Agent
Jla Realty
Listing Agent's Description
Get ready to splash in your own pool this summer! Well, stop the car, this is what you have been looking for! One story with nice open floorplan, high ceilings with brand new laminate flooring installed in the family room. Pool was recently updated with pool equipment including pool/hot tub heater, pump and filters. Roof is also only one year old. Dont wait, come see this one 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: Oaks of Atascocita
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Oaks of Atascocita
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,480 |
| EXPENSES | Loan Payment | -$694 |
| Property Tax | -$475 | |
| Property Insurance | -$146 | |
| HOA | -$40 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$25
|
||
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.
$199,900
PROJECTED PRICE
$1,480
PROJECTED RENT
0.74%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$58,724
LOAN DETAILS
$694
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $49,975 |
| Loan Amount | $149,925 |
2.42
YEARS SAVED
$3,354
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,480
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,481
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
19710 Burle Oaks Court Humble, TX 2
- 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 1980
- Rent
- Rent Per SQFT
- $1,480
- $0.84
-
19723 Bambiwoods Court Humble, TX 1
- 3 beds 3 baths ∙ 1,746 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,746 Sqft ∙ Built 1983
LEASED 01/17/20- Rent
- Rent Per SQFT
- $1,350
- $0.77
-
19923 Timber Forest Drive Humble, TX 3
- 3 beds 3 baths ∙ 1,854 Sqft ∙ Built 1980 3 beds 3 baths ∙ 1,854 Sqft ∙ Built 1980
LEASED 07/06/20- Rent
- Rent Per SQFT
- $1,489
- $0.80
-
19926 Bambiwoods Drive Humble, TX 4
- 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 1993
LEASED 11/29/20- Rent
- Rent Per SQFT
- $1,495
- $0.87
-
19519 Alinawood Drive Humble, TX 5
- 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 1979
LEASED 10/06/20- Rent
- Rent Per SQFT
- $1,700
- $0.92
PROPERTY LISTING DETAILS
1.713.819.1642
Jla Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 35816318
Last Updated: 01/16/2021
